{"id":45803,"date":"2026-07-27T21:05:00","date_gmt":"2026-07-27T19:05:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=aeb95240942dbd551bcda5c1985413dc"},"modified":"2026-07-27T21:05:00","modified_gmt":"2026-07-27T19:05:00","slug":"law-offices-of-frank-r-cruz-encourages-equipmentshare-com-inc-eqpt-shareholders-to-inquire-about-securities-fraud-class-action","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=45803","title":{"rendered":"Law Offices of Frank R. Cruz Encourages EquipmentShare.com Inc. (EQPT) Shareholders To Inquire About Securities Fraud Class Action"},"content":{"rendered":"

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz<\/a> announces that a class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired EquipmentShare.com Inc. (\u201cEquipmentShare\u201d or the \u201cCompany\u201d) (NASDAQ: EQPT<\/a>): (a) Class A common stock pursuant and\/or traceable to the Company\u2019s January, 2026 initial public offering (\u201cIPO\u201d); and\/or (b) securities between January 23, 2026 and June 23, 2026<\/b>, inclusive (the \u201cClass Period\u201d). EquipmentShare investors have until September 21, 2026 <\/b>to file a lead plaintiff motion.<\/p>

IF YOU SUFFERED A LOSS ON YOUR EQUIPMENTSHARE.COM INC. (EQPT) INVESTMENTS, CLICK <\/b>HERE<\/b><\/a> TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT.<\/b><\/p>

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

What Happened?<\/b><\/p>

On January 26, 2026, EquipmentShare conducted its IPO, selling 30.5 million shares of Class A common stock at a price of $24.50 per share.<\/p>

On June 24, 2026, before the market opened, Umib\u014dzu Research, a stock market focused media outlet, published a report alleging, among other things, that \u201cundisclosed related-party transactions . . . have netted\u201d entities affiliated with EquipmentShare founders \u201cat least $77 million, with the true figure potentially running substantially higher.\u201d The report states that the Company maintains a high-net-worth individuals and family-office channel \u201cbuilt around three undisclosed entities \u2013 EZ Equipment Zone (\u2018EZ\u2019), Bevel Financial (\u2018Bevel\u2019), and Armada Fleet Management (\u2018Armada\u2019).\u201d The report details how the Company uses its OWN program to funnel significant fees and other payments to these related parties, and details a \u201cweb of 130 Schlacks-affiliated entities,\u201d which \u201chave further enabled [this] rampant self dealing.\u201d The report concludes \u201ca key reason OWN exists is to enrich the Schlacks, with interviews and corporate filings indicating they own and manage Bevel and Armada.\u201d<\/p>

On this news, EquipmentShare\u2019s stock price fell $1.58, or 6.62%, to close at $22.30 on June 24, 2026, on unusually heavy trading volume. The stock continued to decline on the subsequent trading day, falling $2.61 or 11.7% to close at $19.69 on June 25, 2026, on unusually heavy trading volume.<\/p>

By the commencement of this action, EquipmentShare stock has traded as low as $16.06 per share, a more than 34.5% decline from the $24.50 per share IPO price.<\/p>

What Is The Lawsuit About?<\/b><\/p>

The complaint filed in this class action alleges that in the Registration Statement and throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) the Company participated in additional undisclosed related party transactions; (2) the Company had not terminated or substantially reduce a number of the transactions with entities owned or controlled by the co-founders; (3) as a result, the Company\u2019s financial statements were materially misleading; and (4) that, as a result of the foregoing, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>

Contact Us To Participate or Learn More:<\/b><\/p>

If you purchased EquipmentShare 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<\/a> or contact us at:<\/p>

Law Offices of Frank R. Cruz2121 Avenue of the Stars, Suite 800Century City, CA 90067Telephone: 310-914-5007Email: info@frankcruzlaw.com<\/a>Visit our website at: www.frankcruzlaw.com<\/a><\/p>

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p> Contacts<\/b>

Law Offices of Frank R. Cruz2121 Avenue of the Stars, Suite 800Century City, CA 90067Telephone: 310-914-5007Email: info@frankcruzlaw.com<\/a>Visit our website at: www.frankcruzlaw.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

LOS ANGELES–(BUSINESS WIRE)–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 EquipmentShare.com Inc. (\u201cEquipmentShare\u201d or the \u201cCompany\u201d) (NASDAQ: EQPT)…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-45803","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/45803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45803"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/45803\/revisions"}],"predecessor-version":[{"id":45804,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/45803\/revisions\/45804"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}