Wednesday, 09 September 2026 08:00 PM
Class Action
EQPT INVESTOR ALERT: Contact Kirby McInerney LLP About Securities Class Action Lawsuit On Behalf of EquipmentShare.com Inc. Investors
NEW YORK CITY, NY / ACCESS Newswire / September 9, 2026 / The law firm of Kirby McInerney LLP reminds EquipmentShare.com Inc. ("EquipmentShare" or the "Company") (NASDAQ:EQPT) investors of the September 21, 2026 lead plaintiff deadline to seek lead plaintiff appointment in the class action filed on behalf of investors who acquiredEquipmentShare (a) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's January 23, 2026, initial public offering ("IPO"); and/or (b) securities between January 23, 2026 and June 23, 2026, inclusive (the "Class Period").
Investors are encouraged to contact Lauren Molinaro ofKirby McInerney LLP by email at [email protected], or fill out the contact form below to discuss your rights or interests in the securities fraud class action lawsuit at no cost.
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Courts do not consider applications filed after the lead plaintiff deadline. The lead plaintiff oversees the litigation on behalf of the class and may influence key decisions, including litigation strategy and settlement. Courts regularly appoint individual investors as lead plaintiffs, not only institutions. Learn more about the lead plaintiff process and eligibility requirements here.
What Is The Lawsuit About?
The lawsuit alleges that in the Registration Statement and throughout the Class Period, EquipmentShare made materially false and misleading statements and failed to disclose to investors that: (i) the Company participated in additional undisclosed related-party transactions; (ii) the Company had not terminated or substantially reduced a number of the transactions with entities owned or controlled by the co-founders; and (iii) as a result, the Company's financial statements were materially misleading.
EquipmentShare launched its IPO in January 2026, selling 30.5 million shares priced at $24.50 per share.
On June 24, 2026, Umibōzu Research, a short-seller focused media outlet, published a report alleging, among other things, that "undisclosed related-party transactions . . .have netted" entities affiliated with EquipmentShare founders "at least $77 million, with the true figure potentially running substantially higher." The Report states that EquipmentShare maintains a high-net-worth individuals and family-office channel built around three entities: EZ Equipment Zone (‘EZ'), Bevel Financial (‘Bevel'), and Armada Fleet Management (‘Armada'). The Report further asserts EquipmentShare used its OWN program, by which participants may purchase new or used construction equipment from the Company, to funnel fees and other payments to these related parties. On this news, EquipmentShare's stock price fell $1.58, or 6.62%, to close at $22.30 on June 24, 2026. The stock continued to decline, falling $2.61, or 11.7%, to close at $19.69 on June 25, 2026.
By the commencement of this action, EquipmentShare stock traded as low as $16.06 per share, a more than 34.5% decline from the $24.50 per share IPO price.
[CLICK HERE TO LEARN MORE ABOUT THE CLASS ACTION]
What Should I Do?
If you purchased or otherwise acquired EquipmentShare securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form, to discuss your rights or interests with respect to these matters at no cost.
[LEARN MORE ABOUT THE LEAD PLAINTIFF PROCESS]
Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP's website.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Kirby McInerney LLP
Lauren Molinaro, Esq.
212-699-1171
https://www.kmllp.com
https://securitiesleadplaintiff.com/
[email protected]
SOURCE: Kirby McInerney LLP