Law firm alleges misleading statements by five companies as deadlines loom

Faruqi & Faruqi is investigating or pursuing federal securities class actions involving Microvast, Wix, Wise, Blaize and Alarum, alleging that the companies and their executives made materially false or misleading statements or failed to disclose significant business risks. The allegations concern Microvast’s margin targets and facility expansion, Wix’s AI products and related costs, Wise’s anti-money-laundering and counterterrorism controls, Blaize’s transactions and revenue recognition, and Alarum subsidiary NetNut’s residential proxy-network practices. Investors seeking to serve as lead plaintiff must meet upcoming deadlines: September 21 for Microvast, September 22 for Wix, September 29 for Wise, and October 5 for both Blaize and Alarum. The claims and allegations described in the notices have not been adjudicated.