Important Information for DMC Global Inc. (BOOM) Investors: Rosen Law Firm Announces Class Action Lawsuit and Lead Plaintiff Deadline
New York, NY, January 29, 2025 – Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of DMC Global Inc. (NASDAQ: BOOM) between January 29, 2024, and November 4, 2024, both dates inclusive (the “Class Period”), of the important February 4, 2025, lead plaintiff deadline. The lawsuit alleges that DMC Global Inc. and certain of its officers and directors made false and misleading statements and failed to disclose material information.
Background on DMC Global Inc.
DMC Global Inc. is a diversified holding company. The Company’s business segments include Blast Media, a global manufacturer and marketer of explosives and explosive components; Dyno Nobel, a global manufacturer and supplier of industrial explosives and energy products; and Nobel Technology, a global provider of advanced explosion protection systems.
Alleged Misconduct and Consequences
The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose that: (1) DMC Global was experiencing significant operational issues at its Blast Media segment, including increased raw material costs, labor shortages, and logistics challenges; (2) these operational issues were impacting DMC Global’s financial results; and (3) as a result, defendants’ statements about DMC Global’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Consequences for Investors
As a result of defendants’ misconduct, investors suffered significant losses. For example:
- On August 4, 2024, DMC Global reported second quarter 2024 financial results, which fell short of analysts’ expectations. The Company attributed the miss to operational challenges at its Blast Media segment.
- On November 4, 2024, DMC Global announced that it was withdrawing its full-year 2024 financial guidance due to the ongoing operational issues.
- Between January 29, 2024, and November 4, 2024, the price of DMC Global’s common stock decreased from approximately $124 per share to below $80 per share.
Consequences for the World
The consequences of DMC Global’s alleged misconduct extend beyond its investors. The Company’s business segments are critical to various industries, including construction, mining, and oil and gas. The operational issues at DMC Global’s Blast Media segment could impact the availability and cost of explosives, potentially delaying projects and increasing costs for businesses and governments worldwide.
What You Can Do
If you purchased securities of DMC Global Inc. during the Class Period, you may be entitled to compensation. Rosen Law Firm encourages you to contact the firm before the lead plaintiff deadline in order to discuss your legal options.
To learn more about the case, you can visit [email protected] or call (212) 686-1060 or toll-free at (866) 767-3653. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 4, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Conclusion
The allegations against DMC Global Inc. and its officers and directors are serious. If true, they could have significant consequences for investors and the industries that rely on the Company’s products and services. If you purchased DMC Global securities during the Class Period, you may be entitled to compensation. Contact Rosen Law Firm before the lead plaintiff deadline to discuss your legal options.
Disclaimer: This press release may be considered attorney advertising. In some jurisdictions, it may be considered a solicitation for business. Rosen Law Firm is an active member of the Multi-State Bar Association and works with attorneys around the country on securities litigation, including class actions. Rosen Law Firm has represented investors from the United States, Australia, Canada, and other countries in securities and other class action litigation.
