IBTA Investors Have Opportunity to Lead Ibotta, Inc. Securities Fraud Lawsuit with the Schall Law Firm

The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Ibotta, Inc. (“Ibotta” or “the Company”) (NYSE: IBTA) for violations of the federal securities laws.

Investors who purchased the Company's securities pursuant and/or traceable to the Company’s Offering Documents issued in connection with its initial public offering (“IPO”) conducted on April 18, 2024, are encouraged to contact the firm before June 16, 2025.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Ibotta failed to warn investors about the risk of losing its contract with The Kroger Co. (“Kroger”) in its registration statement. The Company’s contract with Kroger was at-will, but it failed to inform investors that it could be canceled at any time without warning. The Company provided detailed contact information on other customers, but not Kroger. By August, Ibotta did not list Kroger as a major customer in its SEC filings. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Ibotta, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250418258214/en/