Flywire Corp. misled investors on revenue growth and visa restrictions impact.

• Flywire Corp. shareholders urged to contact the Gross Law Firm. • Class period: Feb. 28, 2024 to Feb. 25, 2025. • Allegations: False/misleading statements and understated negative impacts. • Appointment as lead plaintiff not required for recovery.

Flywire Corp. (NASDAQ: FLYW) shareholders are being urged to contact the Gross Law Firm following the filing of a lawsuit alleging potential securities fraud. The suit, filed in the U.S. District Court for the Eastern District of New York, is captioned Hickman v. Flywire Corp., et al., No. 1:25-cv-04110.

The class period for the lawsuit is from February 28, 2024, to February 25, 2025. The complaint alleges that Flywire made false and misleading statements and understated the negative impacts of permit- and visa-related restrictions on its business. The suit claims violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

Flywire operates as a payments-enablement and software company, with its largest client vertical being the education sector. In late 2023 and early 2024, the Canadian and Australian governments began to tighten student visa and permitting rules. Despite these headwinds, Flywire consistently touted the sustainability of its revenue growth and financial condition, while downplaying the negative impacts of these restrictions.

On February 25, 2025, Flywire announced that its business in the education sector had significantly deteriorated due to worsening permit- and visa-related headwinds. The stock price declined by approximately 37%, from $17.64 per share on February 25, 2025, to $11.05 per share on February 26, 2025.

The Gross Law Firm has announced that shareholders may have legal options and are encouraged to submit their information. The firm operates on a contingency fee basis, meaning there is no cost to shareholders. The firm will seek court approval for any potential fees and expenses.

For more information about the lawsuit and how to submit your information, please visit the Gross Law Firm's website or contact Ross Shikowitz at ross@bfalaw.com or 212.789.3619.

References:
[1] https://www.globenewswire.com/news-release/2025/08/03/3126224/0/en/FLYW-LEGAL-ALERT-Lose-Money-on-Your-Flywire-Corporation-Investment-Contact-BFA-Law-by-September-23-Class-Action-Deadline-NASDAQ-FLYW.html