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Important Notice to Maravai LifeSciences Holdings, Inc. Shareholders

The Gross Law Firm has reached out to shareholders of Maravai LifeSciences Holdings, Inc. (NASDAQ: MRVI) regarding an impending class action lawsuit. This notice focuses on the deadline for investors to participate and the significant allegations against the company that could impact them.

Background of the Case

In response to growing concerns among investors, the Gross Law Firm announced that it is representing shareholders who purchased MRVI shares between August 7, 2024, and February 24, 2025. The firm encourages these shareholders to step forward and consider a lead plaintiff designation, although such an appointment is not a prerequisite for recovering potential losses.

Allegations Against Maravai

The crux of the allegations posits that during the specified class period, Maravai LifeSciences Holdings issued materially false or misleading statements. These statements failed to accurately represent the company's internal controls related to financial reporting, particularly in revenue recognition practices. Specifically, the lawsuit claims:

1. Maravai did not maintain adequate internal controls over financial reporting.
2. Consequently, the company inaccurately recognized revenue from specific transactions during the 2024 fiscal year.
3. The goodwill on its balance sheet was overstated relative to its actual financial condition.
4. As these issues transpired, the defendants made positive statements regarding the company’s business operations, which were misleading and lacked a sound basis.

These allegations, if proven true, could have significant legal and financial ramifications for those who invested during the disputed timeframe.

Upcoming Deadlines: Critical for Participants

Investors should act quickly, as the deadline to register for participation in this class action lawsuit is set for May 5, 2025. The Gross Law Firm has urged all shareholders who fall within the specified class period to register as soon as possible. Once registered, shareholders will gain access to updated information about their case through portfolio monitoring software that keeps them informed about the proceedings of the lawsuit.

Next Steps for Shareholders

• - Register Now: Interested shareholders can register through the Gross Law Firm’s class action submission platform. This process is free and encompasses no obligation to those who wish to partake.
• - Lead Plaintiff: Investors should also consider seeking lead plaintiff status, which provides a more active role in the lawsuit. This opportunity is not only for those who acquired shares during the said timeframe but also emphasizes the importance of investor engagement in legal proceedings concerning transparency and corporate governance.

Why Choose the Gross Law Firm?

The Gross Law Firm is recognized nationally for its commitment to investor rights and corporate accountability. The firm aims to safeguard the interests of all investors affected by fraudulent or deceitful practices and seeks to recover losses incurred when companies misrepresent their financial health or fail to disclose vital information. Acknowledging the urgency of legal action, they have set forth to pursue just compensation for affected shareholders.

Contact Information

For any further inquiries or registration processes, interested parties can reach out to:

• - Address: The Gross Law Firm, 15 West 38th Street, 12th floor, New York, NY, 10018
• - Email: [email protected]
• - Phone: (646) 453-8903

This is a significant moment for shareholders of Maravai LifeSciences Holdings, and they should take heed of this notice to protect their investments.

Conclusion

In conclusion, shareholders should not underestimate the importance of this alert and the potential implications of the allegations against Maravai LifeSciences Holdings, Inc. Engaging with the Gross Law Firm could provide the necessary steps toward pursuing justice and addressing any losses incurred through misleading corporate communications.