Important Information for Investors of Alarum Technologies Ltd.:
On March 9, 2025, Rosen Law Firm, a leading investor rights law firm, issued a press release reminding purchasers of securities of Alarum Technologies Ltd. (NASDAQ: ALAR) between March 14, 2024, and August 26, 2024 (the “Class Period”), of the significant April 15, 2025 lead plaintiff deadline in a securities class action lawsuit.
Background:
Alarum Technologies Ltd. is a technology company that focuses on developing and commercializing its proprietary AI-based solutions for threat detection and response. The company’s flagship product, Alarum ThreatDefend, uses machine learning algorithms to identify and respond to cyber threats in real-time. Alarum Technologies went public through an initial public offering (“IPO”) on March 14, 2024.
The Lawsuit:
The lawsuit alleges that Alarum Technologies and certain of its top executives made false and misleading statements throughout the Class Period, including regarding the efficacy of Alarum ThreatDefend and the company’s revenue growth prospects. Specifically, the complaint asserts that Alarum Technologies failed to disclose that:
- Alarum ThreatDefend was not as effective as represented, and;
- The company’s revenue growth was slower than projected.
As a result of these alleged false statements, Alarum Technologies’ stock traded at artificially inflated prices during the Class Period, causing significant harm to investors.
What Does This Mean for Investors?
If you purchased Alarum Technologies securities during the Class Period, you may be eligible to recover your losses as a lead plaintiff in this lawsuit. The lead plaintiff is generally the investor with the largest financial interest in the relief sought by the class. However, the lead plaintiff must apply to the court to be appointed as the lead plaintiff and must meet certain legal requirements.
If you wish to serve as the lead plaintiff, you must apply to the Court no later than April 15, 2025. A copy of the complaint can be obtained by contacting Peretz Bronstein, Esq. or Michael D. Cifarelli of Rosen Law Firm, P.A. at 212-686-1060 or via the firm’s website: [email protected] or [email protected].
What Does This Mean for the World?
The Alarum Technologies lawsuit is a reminder of the importance of truthful and accurate disclosures in the securities markets. The case highlights the potential consequences of misrepresentations, particularly in the tech sector, where investors often rely on the promises of innovative companies to fuel growth. The lawsuit also underscores the role of securities class actions in holding companies accountable for their actions and providing a mechanism for investors to seek redress.
Conclusion:
If you purchased Alarum Technologies securities during the Class Period and believe you may be eligible to recover your losses as a lead plaintiff, contact Rosen Law Firm, P.A. before April 15, 2025. The lawsuit against Alarum Technologies serves as a reminder of the importance of truthful disclosures and the role of securities class actions in protecting investors. For more information, visit rosenlegal.com.
Regardless of whether or not you are an investor in Alarum Technologies, this case underscores the need for transparency and accuracy in the securities markets. As technology continues to evolve and shape our world, it is crucial that companies provide truthful and accurate information to investors to ensure a level playing field and maintain investor confidence.
