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Important Notice for Vestis Corporation Shareholders

Shareholders of Vestis Corporation (NYSE: VSTS) are advised to take immediate action regarding their rights. The Gross Law Firm has issued a call to those who purchased shares during the specified class period, which runs from May 2, 2024, to May 6, 2025. This is a crucial timeframe as it relates to allegations surrounding the company's misrepresentation of its business capabilities and financial health.

Overview of Allegations

According to the legal complaint, the defendants provided misleading statements to investors, presenting an overly positive outlook on the company’s performance while hiding essential adverse facts. The complaint outlines how Vestis Corporation's management failed to execute planned strategic initiatives aimed at improving customer experience and boosting company growth. This included concealment of facts regarding challenges in new customer acquisition, retention, and revenue generation from existing accounts.

The company faced significant scrutiny when, on May 7, 2025, it revealed its financial results for the second quarter of fiscal 2025. The announcement included the withdrawal of its revenue and growth guidance for the entire fiscal year, citing factors that drastically underperformed against market expectations. Vestis attributed this poor performance to a drop in overall business and a decline in new customer acquisitions.

As a result, Vestis' stock witnessed a catastrophic plunge, dropping 37.54% in value from $8.71 per share on May 6 to just $5.44 per share the very next day. This stark decline raised concerns and underscored the importance of understanding shareholder rights in the face of such troubling disclosures.

Registration for Class Action

The Gross Law Firm encourages affected stakeholders to register for the class action not only to pursue a potential recovery but also to actively participate in the monitoring of their case. Registration involves providing relevant information to be enrolled in a dedicated portfolio monitoring program that will ensure shareholders receive timely updates throughout the legal proceedings.

The firm emphasizes that even if one does not wish to take on lead plaintiff status, they are still encouraged to register and participate in the case. Importantly, there is no cost or obligation attached to this participation, allowing shareholders a risk-free opportunity to protect their rights.

Registration Deadline

The crucial deadline to register as a lead plaintiff is August 8, 2025. Stakeholders are urged not to delay in securing their place in this necessary action. Failure to register could result in missed opportunities to recover potential losses stemming from misleading statements made by the company.

Supporting Your Rights With The Gross Law Firm

The Gross Law Firm prides itself on being a nationally recognized class action firm dedicated to standing up for the rights of investors. Their mission is to safeguard the interests of those who have suffered as a result of corporate deceit and illegal practices. The firm is committed to demanding accountability from corporations for failing to maintain ethical business practices.

For those interested in registering, please visit The Gross Law Firm's website for more details on how to submit your information.

Shareholders of Vestis Corporation should not hesitate to reach out, as timely action could play a significant role in recovering losses associated with their investments.

Contact Information

* The Gross Law Firm
15 West 38th Street, 12th Floor
New York, NY 10018
Phone: (646) 453-8903
Email: info@grosslawfirm.com

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