EQPT DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds EquipmentShare.com (EQPT) Investors of Securities Class Action Lawsuit Deadline on September 21, 2026

NEW YORK--(BUSINESS WIRE)--Jul 24, 2026--

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against EquipmentShare.com Inc. (“EquipmentShare” or the “Company”) (NASDAQ: EQPT) and reminds investors of the September 21, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company participated in additional undisclosed related party transactions; (2) the Company had not terminated or substantially reduce a number of the transactions with entities owned or controlled by the co-founders; (3) as a result, the Company’s financial statements were materially misleading; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On January 26, 2026, EquipmentShare conducted its IPO, selling 30.5 million shares of Class A common stock at a price of $24.50 per share.

On June 24, 2026, before the market opened, Umibōzu Research, a stock market focused media outlet, published a report alleging, among other things, that “undisclosed related-party transactions . . . have netted” entities affiliated with EquipmentShare founders “at least $77 million, with the true figure potentially running substantially higher.” The report states that the Company maintains a high-net-worth individuals and family-office channel “built around three undisclosed entities – EZ Equipment Zone (‘EZ’), Bevel Financial (‘Bevel’), and Armada Fleet Management (‘Armada’).” The report details how the Company uses its OWN program to funnel significant fees and other payments to these related parties, and details a “web of 130 Schlacks-affiliated entities,” which “have further enabled [this] rampant self dealing.” The report concludes “a key reason OWN exists is to enrich the Schlacks, with interviews and corporate filings indicating they own and manage Bevel and Armada.”

On this news, EquipmentShare’s stock price fell $1.58, or 6.62%, to close at $22.30 on June 24, 2026, on unusually heavy trading volume. The stock continued to decline on the subsequent trading day, falling $2.61 or 11.7% to close at $19.69 on June 25, 2026, on unusually heavy trading volume.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding EquipmentShare’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the EquipmentShare class action, go to www.faruqilaw.com/EQPT or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Frequently Asked Questions (FAQ) for Investors Regarding the EquipmentShare Securities Class Action Lawsuit:

What is the EquipmentShare securities fraud lawsuit about?

The lawsuit alleges EquipmentShare misled investors by failing to disclose material related-party transactions with entities controlled by its co-founders, resulting in misleading financial statements and business disclosures.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff represents the proposed class during the litigation. Eligible investors must file a motion with the court by September 21, 2026. Investors may participate without serving as lead plaintiff.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi has represented investors in securities litigation since 1995 and recovered hundreds of millions of dollars. The firm offers free evaluations of potential securities fraud claims.

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased EquipmentShare securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

EQPT DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds EquipmentShare.com (EQPT) Investors of Securities Class Action Lawsuit Deadline on September 21, 2026

WASHINGTON (AP) — South Carolina was selected Friday to once again lead off the Democratic Party’s 2028 presidential nominating schedule, most likely cementing a dramatic break from decades of tradition by keeping Iowa off the top of the calendar and elevating more racially diverse states.

The decision by the Democratic National Committee’s Rules and Bylaws Committee will need to be approved by the full organization, which is scheduled to meet in August.

South Carolina or Nevada had been expected to go first, with each state aggressively campaigning for the coveted spot.

President Joe Biden successfully pushed to move South Carolina to the front of Democrats’ 2024 calendar after the state revived his struggling 2020 presidential campaign. South Carolina has long been the first Southern contest and has served as a key test of candidates’ support among Black voters.

Jaime Harrison, a former DNC chair in attendance Friday, told The Associated Press after the vote that keeping his home state first on Democrats’ nominating calendar signaled to Black voters the value they bring to the party, especially after a Supreme Court decision aimed at weakening their voting power.

“I think we needed a strong statement to say to the most loyal members of our party, which are Black voters, that we’re going to stand up with you,” said Harrison, who also chaired South Carolina's Democratic Party. “It was just really important for us to stand up and say, ’We see you, we hear you, but most importantly, we’re gonna fight like hell for you. And your voices are important.'”

Democratic leaders in a handful of southern states had lobbied for South Carolina to reprise its role as the party’s first-in-the-nation contest holder, arguing in a letter to the DNC that the state best represents the initial playing field for presidential candidates to build the coalitions needed to win and serves as “a moral and political compass for our party and our nation.”

The overhaul reflects Democrats’ effort to give greater influence to states that better mirror the party’s diverse coalition, particularly Black and Latino voters, after years of a calendar led by Iowa and New Hampshire, two states with overwhelmingly white electorates.

Much of Friday's debate stood as a contrast on several fronts. South Carolina proponents argued they had the experience to stand up a lead-off primary, and served as a showcase for the Black voters whose support has become vital for Democrats.

“Black voters didn't just show up for this party in 2020. They saved us,” Nebraska Democratic Party Chair Jane Kleeb said, in making her argument for South Carolina. "They saved our entire country from Donald Trump.”

Nevada's supporters, meanwhile, portrayed their state as the party's future, in which they argued Latino voters play a larger and larger role.

“We are the battleground state," said Artie Blanco of Nevada, a DNC vice chair. "We win elections because we leave no voter untouched.”

The decision will also shape the opening stage of what is expected to be a crowded Democratic presidential primary. Without an incumbent or clear front-runner, the states that vote first could once again play an outsized role in determining which candidates gain momentum, attract donors and emerge as viable contenders.

Republicans still need to do their calendar. They're expected to stick with their traditional early-state lineup led off by Iowa and New Hampshire.

The calendar decision is one of the first milestones in what's expected to be a tumultuous two-year sprint to the Democratic nomination.

There has not been a truly open Democratic presidential primary — without an incumbent president or a dominant front-runner — in almost two decades.

Kinnard reported from Columbia, S.C., and can be reached at http://x.com/MegKinnardAP

FILE - The U.S. and South Carolina flags hang in the South Carolina statehouse, March 16, 2021, in Columbia, S.C . (AP Photo/Jeffrey Collins, File)

FILE - Precinct 68 Iowa Caucus voters seated in the Biden section hold up their first votes of the caucus as they are counted at the Knapp Center on the Drake University campus in Des Moines, Iowa, Feb. 3, 2020. (AP Photo/Gene J. Puskar, File)

FILE - U.S. Rep. Jim Clyburn, D-S.C., speaks to attendees at the South Carolina Democratic Party's Blue Palmetto Dinner on May 29, 2026, in Columbia S.C. (AP Photo/Meg Kinnard, File)

FILE - Democratic National Committee chair Ken Martin speaks during an interview with The Associated Press at DNC headquarters, Jan. 12, 2026, in Washington. (AP Photo/Allison Robbert, File)