ATLANTA, GA – – (May 17, 2022) – – Holzer & Holzer, LLC informs investors that a class action lawsuit was filed against Upstart Holdings, Inc. (“Upstart” or the “Company”) (NASDAQ: UPST).  The lawsuit alleges, among other things, that Upstart made certain false and/or misleading statements and/or omitted material facts regarding the Company’s business, operations, and prospects, including: (1) that Upstart’s AI model could not adequately account for macroeconomic factors such as interest rates that impact the market-clearing price for loans; (2) that, as a result, Upstart was experiencing negative impact on its conversion rate; and (3) that, therefore, Upstart was reasonably likely to use its balance sheet to fund loans. If you bought shares of Upstart between November 9, 2021 and May 9, 2022, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at  cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com to learn more. The deadline to ask the court to be appointed lead plaintiff in the case is July 12, 2022.

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