Instacart

CART

ATLANTA, GA – – (Globe Newswire – January 26, 2024) – – Holzer & Holzer, LLC informs investors that a shareholder class action lawsuit has been filed against Maplebear Inc. d/b/a Instacart (“Instacart” or the “Company”) (NASDAQ: CART). The lawsuit alleges Defendants made materially false and misleading statements and/or failed to disclose material information in the Company’s Offering Documents and throughout the Class Period, including allegations that: (i) Instacart had overstated the extent to which online grocery shopping and delivery habits among consumers were accelerating; (ii) Instacart had downplayed the extent of the competition that it faced in the online grocery shopping and delivery market; and (iii) accordingly, Defendants overstated the Company’s post-IPO growth, business, and financial prospects.

If you bought Instacart shares  pursuant and/or traceable to the September 19, 2023 IPO, or between September 19, 2023 and October 1, 2023, and suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Marshall Dees, Esq. at mdees@holzerlaw.com, by toll-free telephone at (888)-508-6832 or, you may visit the firm’s website at www.holzerlaw.com/case/instacart/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is March 25, 2024.

Registration Deadline

Lead Plaintiff Deadline Has Passed

March 25, 2024

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