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Securities Fraud Investigation Into Pony AI Inc. (PONY) Announced – Investors Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz

By: The Law Offices of Frank R. Cruz via Business Wire
March 27, 2025 at 16:04 PM EDT

The Law Offices of Frank R. Cruz announces an investigation of Pony AI Inc. (“Pony AI” or the “Company”) (NASDAQ: PONY) on behalf of investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON PONY AI INC. (PONY), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.

What Is The Investigation About?

On March 25, 2025, before market hours, Pony AI announced its financial results for its fourth quarter and full year 2024, revealing that revenue of “$35.5 million in the fourth quarter of 2024, representing a decrease of 29.8% from US$50.6 million in the fourth quarter of 2023.” The Company stated the decrease was “mainly influenced by the timing of project-based revenue recognition.” The Company further revealed robotaxi services were down to “$2.6 million in the fourth quarter of 2024, representing a decrease of 61.9% from US$6.7 million in the fourth quarter of 2023.” The Company explained that decrease was “mainly driven by reduced service fees from providing autonomous vehicle engineering solutions based on our collaboration projects’ progression schedule.”

On this news, Pony AI’s stock price fell $1.07, or 8.1%, to close at $12.14 per share on March 25, 2025, thereby injuring investors.

Contact Us To Participate or Learn More:

If you purchased Pony AI securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

The Law Offices of Frank R. Cruz,

2121 Avenue of the Stars, Suite 800,

Century City, California 90067

Call us at: 310-914-5007

Email us at: info@frankcruzlaw.com

Visit our website at: www.frankcruzlaw.com.

Follow us for updates on Twitter at twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20250327713387/en/

Contacts

The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz

310-914-5007

fcruz@frankcruzlaw.com

www.frankcruzlaw.com

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