A securities class action has been filed against EquipmentShare.com Inc. (EQPT) on behalf of persons and entities that purchased or otherwise acquired EquipmentShare: (a) Class A common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s January, 2026, initial public offering (“IPO” or the “Offering”); and/or (b) securities between January 23, 2026 through June 23, 2026. This case has been filed in the USDC – SDNY.
On or around January 23, 2026, EquipmentShare completed its initial public offering (“IPO”), selling 35,075,000 shares of common stock priced at $24.50 per share. Then, on June 24, 2026, Umibōzu Research (“Umibōzu”) published a short report entitled “EquipmentShare: Relentless Self-Dealing, a Tech Veneer, and the Missouri ‘Cult’ That Started It All”. The report alleged, among other things, that “undisclosed related-party transactions . . . have netted” entities affiliated with EquipmentShare founders Jabbok and Willy Schlacks “at least $77 million, with the true figure potentially running substantially higher.”
Following publication of the Umibōzu report, EquipmentShare’s stock price fell $4.19 per share, or 17.55%, over the following two trading sessions, to close at $19.69 per share on June 25, 2026.