Investors in York Space Systems urged to act by October 30 deadline

New York, New York, Faruqi & Faruqi, LLP, a leading national securities law firm, is reminding investors of York Space Systems (YSS) who may have been affected by alleged securities fraud of the upcoming October 30, 2026 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit. The firm is investigating potential claims against YSS for its alleged failure to disclose critical information regarding the functionality of its onboard mission and payload software, which could impact its contracts with the Space Development Agency (SDA).

Faruqi & Faruqi, LLP, with offices in New York, Pennsylvania, California, and Georgia, has recovered hundreds of millions of dollars for investors since its founding in 1995. The firm is urging investors who purchased or acquired YSS securities during the period from January 29, 2026, to May 11, 2026, to contact partner James (Josh) Wilson directly for a discussion of their legal rights. Investors can reach Wilson at 877-247-4292 or 212-983-9330 (Ext. 1310).

The lawsuit alleges that YSS and its executives violated federal securities laws by making false and misleading statements and failing to disclose that the onboard mission and payload software was not fully functional before satellite launches. This omission, according to the complaint, created a significant risk to the company’s contracts with the SDA. The lawsuit also claims that the company's positive statements about its business, operations, and prospects were materially misleading and lacked a reasonable basis.

On May 11, 2026, Wolfpack Research published a report titled “YSS: Lost In Space, The Pentagon Just Killed 96% of York's Revenue,” citing former software engineers who stated that York "sent satellites into space without even knowing if the software was fit to accomplish its basic mission." This report followed the Pentagon’s decision to eliminate Tranche 3 funding, which the company suggested was due to severe disappointment in York’s performance.

YSS’s stock price fell approximately $7 during intraday trading on May 11, 2026, on unusually heavy trading volume, reflecting investor concerns. Investors who acquired YSS securities in connection with the company’s January 2026 initial public offering (IPO) and those who purchased or acquired the securities between January 29, 2026, and May 11, 2026, are encouraged to contact Faruqi & Faruqi, LLP.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class, who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

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