NEW YORK, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Kirby McInerney LLP reminds investors who purchased EquipmentShare.com Inc. (“EquipmentShare” or the “Company”) (NASDAQ: EQPT) securities to contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests in the securities fraud class action lawsuit at no cost.
If you suffered a loss on your EquipmentShare investments, you have until September 21, 2026 to request lead plaintiff appointment. Courts do not consider lead plaintiff applications submitted after this 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.
Follow the link below for more information about the lawsuit:
[CONTACT THE FIRM IF YOU SUFFERED A LOSS]
What Is The Lawsuit About?
The lawsuit has been filed on behalf of investors who purchased (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”). 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 investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
[HOW CAN I PROTECT MY RIGHTS?]
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.
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Contacts
Kirby McInerney LLP
Lauren Molinaro, Esq.
212-699-1171
https://www.kmllp.com
https://securitiesleadplaintiff.com/
investigations@kmllp.com
