What is the expected timeline for the lawsuit resolution and any related disclosures?

Resolution timeline & disclosures

Robbins LLP’s filing indicates that the matter is currently at the complaint‑filing stage. In securities‑class‑action cases, the typical timetable is 12–24 months from filing to a final resolution—whether that be a dismissal, a settlement or a court‑ordered judgment—because the parties must first undergo the discovery phase, any dispositive motions, and, if needed, a trial or settlement negotiations. Because the complaint was just filed (mid‑August 2025) and no court‑set deadlines have been disclosed, investors should expect the first substantive filing (e.g., a Form 8‑K “Other Events” or a Form 8‑K “Legal Proceedings”) within the next 30‑60 days, which will detail the exact claim, the alleged securities‑law violations and any potential impact on the IPO proceeds. If the case progresses to a settlement, the company will be required to disclose the settlement terms (including any cash or equity compensation) in a separate Form 8‑K within a few days of the agreement, as required by SEC Item 1.01 (Material Events) and Item 1.03 (Regulation S‑K) for material legal matters.

Trading implications

Until a definitive court or settlement date is announced, the lawsuit remains a material legal contingency that will be reflected in the company’s 10‑Q/10‑K disclosures and likely in the next quarterly filing (Q4 2025). Traders should monitor for the anticipated initial 8‑K filing (likely in early‑ to mid‑September 2025) and any subsequent updates that could move the stock—especially if a settlement involves a material cash outlay or a change in the IPO proceeds distribution. Absent any further detail, the legal risk is “unresolved” and should be factored into a short‑term risk premium (e.g., 5–7 % discount to peers) while the case proceeds through the standard litigation timeline.