Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action on behalf of all purchasers of securities of DMC Global Inc. (NASDAQ: BOOM) between May 3, 2024 and November 4, 2024. DMC Global describes itself as a “holding company, which engages in the provision of technical products and services in the energy, industrial, and infrastructure markets.”

For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653.

The Allegations: Rosen Law Firm is Investigating the Allegations that DMC Global Inc. (NASDAQ: BOOM) Misled Investors Regarding its Business Operations.

According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) the goodwill associated with Acadia Products was overstated due to the adverse events and circumstances affecting that reporting segment; (2) DMC Global’s materially inadequate internal systems and processes were adversely affecting its operations; (3) DMC Global’s inadequate systems and processes prevented it from ensuring reasonably accurate guidance and that its public disclosures were timely, accurate, and complete; (4) as a result, defendants misrepresented DMC Global’s operations and financial results; and/or (5) as a result, DMC Global’s public statements were materially false, misleading, or lacked a reasonable basis when made. When the true details entered the market, the lawsuit claims that investors suffered damages.

What Now: You may be eligible to participate in the class action against DMC Global Inc. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by February 4, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders.

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