Important Notice to Long-Term Shareholders Aardvark Therapeutics, Inc. (NASDAQ: AARD); Flotek Industries, Inc. (NYSE: FTK); GoDaddy Inc. (NYSE: GDDY); and Hub Group, Inc. (NASDAQ: HUBG); Grabar Law Office is Investigating Claims on Your Behalf

PHILADELPHIA, Aug. 27, 2026 (GLOBE NEWSWIRE) --

Aardvark Therapeutics, Inc. (NASDAQ: AARD):

Grabar Law Office is investigating claims on behalf of Aardvark Therapeutics, Inc. (NASDAQ: AARD) shareholders who purchased shares on or shortly after the Company’s February 13, 2025, initial public offering (IPO) and have continued to hold their shares.

What is This Investigation About? The investigation follows the filing of a securities class action against Aardvark and certain of its officers and directors alleging violations of the federal securities laws in connection with statements concerning the safety and prospects of the Company’s lead drug candidate, ARD-101.

If you purchased Aardvark Therapeutics, Inc. (NASDAQ: AARD) shares on or shortly after the Company’s February 13, 2025 IPO, and still hold shares today, you can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever through a shareholder governance action. You are encouraged to visit https://grabarlaw.com/the-latest/aardvark-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085 to learn more.

What is Alleged?

Allegations Concerning Aardvark’s IPO and ARD-101

Aardvark (NASDAQ: AARD) completed its IPO on or about February 13, 2025. The Company sold approximately 5.9 million shares at $16.00 per share, generating approximately $87.6 million in net proceeds after underwriting discounts and commissions.

According to the recently filed securities complaint, Aardvark’s offering documents represented that ARD-101 had been “well-tolerated” in earlier clinical trials, had limited systemic absorption, and had demonstrated no serious adverse events. The complaint alleges that the offering documents were materially false or misleading because they failed to disclose that ARD-101 was allegedly less safe than investors had been led to believe and that its clinical, regulatory, and commercial prospects were therefore overstated.

The complaint further alleges that similar representations concerning ARD-101’s safety continued after the IPO. For example, Company representatives subsequently described ARD-101 as having a “very, very clean” safety profile and represented that its limited systemic exposure reduced the likelihood of side effects.

Subsequent Developments

On February 27, 2026, Aardvark announced that it was voluntarily pausing enrollment and dosing in the Phase 3 HERO trial after identifying reversible cardiac observations during safety monitoring in a healthy-volunteer study. Following the announcement, Aardvark’s stock price allegedly declined approximately 56%, closing at $5.47 per share on March 2, 2026.

Then, on May 14, 2026, Aardvark announced that the FDA had placed a full clinical hold on the investigational new drug application for ARD-101, including the Phase 3 HERO trial and its open-label extension. According to the complaint, Aardvark’s stock declined another 32.1% the following day, closing at $4.57 per share.

Grabar Law Office’s Shareholder Governance Investigation

Grabar Law Office is investigating whether certain Aardvark officers and directors may have breached their fiduciary duties to the Company or otherwise failed to adequately oversee Aardvark’s operations, public disclosures, clinical-development risks, and corporate governance.

Among other things, the investigation concerns whether the Company and its shareholders were harmed by:

• allegedly misleading disclosures concerning ARD-101’s safety profile and prospects;
• inadequate oversight of clinical and regulatory risks associated with ARD-101;
• failures involving the accuracy and completeness of statements made in connection with the IPO and thereafter;
• resulting securities litigation and related costs to the Company; and
• other potential breaches of fiduciary duty or corporate-governance failures.
  

If you purchased Aardvark shares at or shortly after the February 13, 2025 IPO, and continue to own those shares, you may have important rights concerning the Company’s management. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever through a shareholder governance action. Please visit https://grabarlaw.com/the-latest/aardvark-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085 to learn more. #AARD $AARD #Aardvark

Flotek Industries, Inc. (NYSE: FTK):

Grabar Law Office is investigating potential claims on behalf of shareholders of Flotek Industries, Inc. (NYSE: FTK).

What is This Investigation About? The investigation concerns possible breaches of fiduciary duty and other corporate governance issues relating to the Company's recently terminated Puerto Rico Electric Power Authority ("PREPA") project.

If you have continuously owned Flotek Industries, Inc. (NYSE: FTK) shares since before August 3, 2026, you may be able to pursue corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. please Visit https://grabarlaw.com/the-latest/flotek-shareholder-investigation/, contact Joshua H. Grabar at jgrabar@grabarlaw.com, or call 267-507-6085 to learn more. Alternatively, if you purchased shares between August 3, 2026, and August 17, 2026, you can participate in the class action.

What is Alleged? On August 26, 2026, a federal securities fraud class action was filed against Flotek (NYSE: FTK) and certain of its senior officers. The complaint alleges that Flotek made materially false and/or misleading statements and failed to disclose material information concerning a 10-year agreement associated with a 400-megawatt natural gas-fired power generation project for PREPA.

According to the complaint, Flotek announced on August 3, 2026, that it had entered into a 10-year agreement to support the PREPA project and expected the arrangement to generate approximately $400 million in potential revenue backlog. Flotek subsequently highlighted the contract in its quarterly financial results, investor materials and Form 10-Q.

The complaint alleges, however, that there were significant questions concerning the experience, organization and financial capacity of certain members of the consortium responsible for the underlying PREPA project. The complaint further recounts allegations that Enchanted Rock, LLC—an entity whose participation allegedly had been relied upon in evaluating the project—later stated that it was not participating in the project and that its name and signature had been used without authorization.

According to Flotek's subsequent public disclosures, the Financial Oversight and Management Board for Puerto Rico ultimately revoked its approval of the underlying power-generation contract and directed PREPA to terminate it. Flotek further disclosed that certain allegations concerning the procurement process had been referred to the Puerto Rico Department of Justice and corresponding federal authorities.

On August 19, 2026, Flotek announced that PREPA had formally terminated the underlying Power Purchase and Operating Agreement, effective immediately. According to Flotek, PREPA identified two independent grounds for termination: the consortium's failure to provide required performance security within the contractual timeframe and the Oversight Board's revocation of its approval.

The securities class action complaint alleges that Flotek investors were not adequately informed of material risks surrounding the project and that Flotek's positive statements concerning the PREPA agreement were materially misleading or lacked a reasonable basis.

Grabar Law Office's Investigation

Grabar Law Office is investigating whether Flotek's directors and officers adequately discharged their fiduciary duties in connection with these events, including whether:

• appropriate due diligence was performed before Flotek assumed significant responsibilities in the PREPA project;
• Company leadership adequately investigated or responded to potential warning signs concerning the project's consortium participants;
• material information concerning the project was timely escalated to Flotek's Board of Directors;
• Flotek maintained adequate internal controls, disclosure controls and risk-management procedures concerning significant new contractual commitments;
• the Board appropriately oversaw Flotek's expansion into infrastructure-scale power-generation services, an area the Company itself described as an emerging line of business with limited operating history; and
• Flotek suffered harm as a result of any failures of oversight, disclosure, internal controls or corporate governance.

What Can Flotek Shareholders Do Now? If you have continuously owned Flotek Industries, Inc. (NYSE: FTK) shares since before August 3, 2026, please visit https://grabarlaw.com/the-latest/flotek-shareholder-investigation/, contact Joshua H. Grabar at jgrabar@grabarlaw.com, or call 267-507-6085. You may be able to pursue corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. Alternatively, if you purchased shares between August 3, 2026, and August 17, 2026, you can participate in the class action. #Flotek #FTK $FTK

GoDaddy Inc. (NYSE: GDDY):

Grabar Law Office is investigating claims on behalf of shareholders of GoDaddy Inc. (NYSE: GDDY).

What is This Investigation About? concerning possible breaches of fiduciary duty and other corporate governance issues involving certain officers and directors of the Company. The investigation follows the filing of a federal securities class action, Johnson v. GoDaddy Inc., et al., No. 26-cv-7144 (S.D.N.Y.), against GoDaddy, Chief Executive Officer Aman Bhutani, and Chief Financial Officer Mark McCaffrey.

Current GoDaddy Inc. (NYSE: GDDY) shareholders who have held shares since before September 3, 2025, can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to them whatsoever. Visit https://grabarlaw.com/the-latest/godaddy-shareholder-investigation/, contact Joshua H. Grabar at jgrabar@grabarlaw.com, or call 267-507-6085 to learn more. Alternatively, if you purchased shares between September 3, 2025, and February 24, 2026, you can participate in the class action.

What is Alleged? According to the complaint, GoDaddy Inc. (NYSE: GDDY), via certain of its officers, repeatedly told investors that its strategy was focused on attracting “high-intent” customers and had moved away from discounting at the front end of its customer funnel. The complaint alleges, however, that during the same period the Company had implemented a heavily discounted promotional price for one-year .com domain contracts, which allegedly resulted in shorter-term contracts, lower average order values, and deceleration in total bookings growth.

The complaint further alleges that GoDaddy continued to represent that its high-intent customer strategy was working and that average order size was increasing, while allegedly failing to disclose the impact that the one-year promotional program was having on bookings.

On February 24, 2026, GoDaddy reported its fourth-quarter and full-year 2025 results and disclosed that fourth-quarter total bookings growth had decelerated to 5%, down from 9% in the prior quarter and below analyst expectations. During the associated earnings call, the Company disclosed that it had introduced promotional pricing for one-year .com domains and that the shift in contract term and promotional pricing had reduced upfront bookings and near-term revenue.

Following these disclosures, GoDaddy’s stock price declined from $92.30 per share on February 24, 2026 to $79.12 per share on February 25, 2026, a drop of more than 14%. The accompanying release similarly states that the challenged promotional strategy allegedly contributed to weaker bookings and that GoDaddy’s shares fell more than 14% after the disclosures.

Grabar Law Office’s Investigation

Grabar Law Office is investigating whether certain GoDaddy officers and directors may have breached fiduciary duties owed to the Company or otherwise failed to adequately oversee GoDaddy’s business strategy, public disclosures, financial reporting, and risk-management processes.

Among other things, the investigation concerns whether:

• Company leadership adequately disclosed the nature and impact of GoDaddy’s promotional discounting strategy;
• the Board and senior management maintained appropriate oversight over material changes to GoDaddy’s go-to-market strategy;
• GoDaddy’s disclosure controls were sufficient to ensure that investors received accurate and complete information concerning bookings trends and customer-acquisition practices;
• certain officers or directors permitted or caused the Company to make materially misleading public statements; and
• the Company has suffered or may suffer harm through securities litigation, related legal expenses, reputational damage, or other corporate losses.
  

The underlying class action complaint alleges that Bhutani and McCaffrey managed GoDaddy’s operations and finances, possessed extensive knowledge of its core business operations, and were deeply involved in determining the content of the Company’s public disclosures. It also alleges that the individual defendants had regular access to non-public information, attended management and Board or committee meetings, and had the authority to influence or control the Company’s public statements.

What Can You Do Now? If you are a current GoDaddy Inc. (NYSE: GDDY) shareholder and have held shares since before September 3, 2025, you can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. Visit https://grabarlaw.com/the-latest/godaddy-shareholder-investigation/, contact Joshua H. Grabar at jgrabar@grabarlaw.com, or call 267-507-6085 to learn more. Alternatively, if you purchased shares between September 3, 2025, and February 24, 2026, you can participate in the class action. $GDDY #GDDY #Godaddy

Hub Group, Inc. (NASDAQ: HUBG):

Grabar Law Office is investigating claims on behalf of shareholders of Hub Group, Inc. (NASDAQ: HUBG).

What Is This Investigation About? The investigation concerns whether certain officers and directors of Hub Group, Inc. breached the fiduciary duties they owed to the company.

If you purchased Hub Group, Inc. (NASDAQ: HUBG), shares prior to April 28, 2023, and still hold shares today, you can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. Please visit https://grabarlaw.com/the-latest/hubg-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.

What is Alleged? As alleged in a recently filed securities fraud class action complaint, Hub Group, Inc. (NASDAQ: HUBG), through certain of its executives, violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Hub Group’s financial statements prepared for the periods from Q1 2023 to Q4 2024, including annual reports for 2023 and 2024, contained material misstatements caused by the premature and incorrect recognition of certain transactions concerning, among other things, Hub Group’s operating revenue, operating income, revenue recognition, effectiveness of internal controls and procedures, and drivers of financial results and growth; and (2) Hub Group’s financial statements prepared for the periods from Q1 2025 to Q3 2025 contained material misstatements caused by the understatement of purchased transportation costs and accounts payable concerning, among other things, Hub Group’s operating expenses, purchased transportation and warehousing expenses, operating income, effectiveness of internal disclosure controls and procedures, and drivers of financial results and growth.

What Can You Do Now? If you purchased Hub Group, Inc. (NASDAQ: HUBG), shares prior to April 28, 2023, and still hold shares today, you are encouraged to visit https://grabarlaw.com/the-latest/hubg-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. #HUBG #HubGroup #HUBG

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Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com