Deadline Approaching: Alarum Technologies Ltd. (ALAR) Investors Who Lost Money Urged To Contact Law Offices of Howard G. Smith

Business Wire 24-Feb-2025 12:00 PM

Law Offices of Howard G. Smith reminds investors of the upcoming April 15, 2025 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Alarum Technologies Ltd. ("Alarum" or the "Company") (NASDAQ: ALAR) securities between March 14, 2024 and August 26, 2024, inclusive (the "Class Period").

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN ALARUM TECHNOLOGIES LTD. (ALAR), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Happened? On August 26, 2024, Alarum released its second quarter 2024 financial results and provided guidance for the third quarter, revealing that it expected over $2 million less in revenue than previously projected by analysts because the Company "experienced a kind of slowdown for some of our customers." On this news, Alarum's stock price fell $6.77, or 31.3%, to close at $14.83 per share on August 26, 2024, thereby injuring investors.

What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company was less effective in retaining and/or expanding customer engagements than it had represented to investors; (2) the foregoing would impair Alarum's ability to generate consistent revenue growth; (3) accordingly, Alarum's business and/or financial prospects were overstated; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired Alarum securities during the Class Period, you may move the Court no later than April 15, 2025 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements.

Contact Us To Participate or Learn More: If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, Telephone: (215) 638-4847 Email: howardsmith@howardsmithlaw.com, Visit our website at: www.howardsmithlaw.com.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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Contact Us: Law Offices of Howard G. Smith Howard G. Smith, Esquire 215-638-4847 howardsmith@howardsmithlaw.com www.howardsmithlaw.com