ATLANTA, GA – – (Globe Newswire – August 15, 2024) – – A shareholder class action lawsuit has been filed against Symbotic Inc. (“Symbotic” or the “Company”) (NASDAQ: SYM). The lawsuit alleges that Defendants created the false impression that they possessed reliable information pertaining to the Company’s projected earnings outlook and anticipated growth while also minimizing risk from seasonality and macroeconomic fluctuations, which caused shareholders to purchase Symbotic’s securities at artificially inflated prices.

If you bought shares of Symbotic between May 6, 2024 and July 29, 2024, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at http://holzerlaw.com/case/symbotic/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is October 15, 2024.