The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired York Space Systems, Inc. (“York Space Systems” or the “Company”) (NYSE: YSS ): (a) common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the January 2026 initial public offering; and/or (b) securities between January 29, 2026 and May 11, 2026, inclusive (the “Class Period”). York Space Systems, Inc. investors have until October 30, 2026 to file a lead plaintiff motion.

IF YOU SUFFERED A LOSS ON YOUR YORK SPACE SYSTEMS, INC. (YSS), INVESTMENTS, CLICK HERE TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT.

You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at info@frankcruzlaw.com, by telephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com.

What Happened?

On May 11, 2026, at approximately 10 AM EST, Wolfpack Research published a report, stating that it “suspect[s]” that the Pentagon’s decision to “halt Tranche 3 funding and destroy the SDA . . . may have been due to York’s failure to live up to their own hype.” Among other things, the report stated that the Company’s “main pitch to customers and investors” was “that they [are] operating on a modular platform” but multiple former employees claimed that York “sent satellites into space without even knowing if the software was fit to accomplish its basic mission.” That is, the report claimed that “York’s satellites simply did not function as expected because the company did not finish developing the software for these satellites before launching them” and waited until they were in orbit to fully debug them.

On this news, YSS stock price fell approximately $7 during intraday trading on May 11, 2026, thereby injuring investors.

By the commencement of this action, the Company’s stock was trading as low as $9.33 per share, an over 70% decline from the $34 per share IPO price.

What Is The Lawsuit About?

The complaint filed in this class action alleges that Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) that York’s onboard mission and payload software was not fully functional before satellites were launched; (2) that this ongoing trend presented a risk to the Company’s contracts with the SDA deceived the SDA with false advertising to win its contracts, cut corners, and delivered satellites whose mission-critical-software was not completed; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Contact Us To Participate or Learn More:

If you purchased York securities, wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please click HERE or contact us at:

Law Offices of Frank R. Cruz

2121 Avenue of the Stars, Suite 800

Century City, CA 90067

Telephone: 310-914-5007

Email: info@frankcruzlaw.com

Visit our website at: www.frankcruzlaw.com

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

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