The complaint alleges that GPGI provided materially false information concerning the acquisition of Husky Technologies Limited, which closed in January 2026. Plaintiffs claim the company overstated Husky’s value and failed to disclose that the business was missing critical revenue and EBITDA targets. Furthermore, the suit suggests the acquisition served primarily to generate fees for Resolute Holdings rather than to provide genuine value to shareholders.

The company’s stock suffered significant volatility following disclosures of these financial struggles. On March 12, 2026, shares fell 16.4% after Q4 2025 results revealed an EBITDA decline. A steeper drop of 25.9% followed on May 7, 2026, when the firm reported further deterioration and lowered its forward guidance. Those who suffered financial losses during the identified period have until September 14, 2026, to file for lead plaintiff status.