Class Action Settlement Notice for Fifth Wall Acquisition Corp. Shareholders Issued by Grant & Eisenhofer P.A.

Overview of Fifth Wall Acquisition Corp. Class Action Settlement

Grant & Eisenhofer P.A. has announced an important notification related to a class action lawsuit concerning the Fifth Wall Acquisition Corp. (FWAA). This notice has significant implications for all record and beneficial holders of FWAA Class A Common Stock who held those shares as of August 19, 2021. The announcement, made on September 29, 2025, outlines a proposed settlement that aims to resolve ongoing litigation involving various defendants, including key figures connected to the company.

Background of the Class Action

The case, identified as C.A. No. 2024-0119-MTZ, is currently pending in the Court of Chancery of the State of Delaware. The primary plaintiff, Terry Jandreau, has filed the lawsuit against several defendants including Brendan Wallace, Andriy Mykhaylovskyy, and others associated with the Fifth Wall group. The allegations center around potential misconduct and the duties owed to shareholders, leading to this class action seeking resolution and compensation for affected investors.

Details of the Proposed Settlement

The proposed settlement amount stands at $11,375,000.00 in cash, which has been detailed in the Stipulation, a document accessible to shareholders via the dedicated settlement website. This settlement, if approved by the court, will effectively resolve all claims associated with the lawsuit. Shareholders who opted not to redeem their FWAA Class A Common Stock prior to the redemption deadline will be included in this settlement arrangement.

Upcoming Settlement Hearing

A critical hearing is scheduled for November 20, 2025, at 11:00 a.m., presided over by The Honorable Morgan T. Zurn. Investors may participate in this session in person at the Court of Chancery or remotely, depending on the court's discretion. During this hearing, the judge will determine the following:
1. Whether the class should be certified for settlement purposes.
2. The adequacy of representation by the plaintiff and their counsel.
3. If the proposed settlement is fair and in the best interest of the class members.
4. The approval of the proposed Plan of Allocation of the Net Settlement Fund.

These deliberations will also consider any objections raised by other class members, ensuring transparency throughout the proceedings.

Actions for Class Members

All investors who are part of the class have a vested interest in the outcome of the settlement. It is crucial that they stay informed about the proceedings by visiting the settlement website, where updated information regarding the hearing and other pertinent details will be posted. Furthermore, those who have not received official notice can contact the Settlement Administrator for documents and additional information.

Resources for Investors

To facilitate inquiries, shareholders can reach out to the Settlement Administrator at 1-877-324-0405 or visit www.FWAAStockholderSettlement.com. This site will host necessary documentation, including the complete Notice of Pendency, ensuring that all interested parties have access to essential information.

Conclusion

The proposed settlement offers a resolution path for shareholders impacted by the actions of Fifth Wall Acquisition Corp. Investors are encouraged to participate fully in the proceedings, especially during the forthcoming hearing which could establish the foundation for their rights moving forward. This case highlights the importance of shareholder rights and the legal mechanisms in place designed to protect their interests. By staying engaged, shareholders can help ensure appropriately fair outcomes from corporate activities that may affect their investments.