SHAREHOLDER ALERT: The Law Offices of Vincent Wong Remind Maplebear Investors of a Lead Plaintiff Deadline of March 25, 2024

NEW YORK, Feb. 1, 2024 /PRNewswire/ -- Attention Maplebear Inc. d/b/a Instacart ("Maplebear") (NASDAQ: CART) shareholders:

The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors. This lawsuit is on behalf of a class consisting of all persons and entities other than defendants that purchased or otherwise acquired: (a) Instacart common stock pursuant and/or traceable to offering documents issued in connection with the Company's initial public offering conducted on or about September 19, 2023; and/or (b) Instacart securities between September 19, 2023 and October 1, 2023, both dates inclusive.

If you suffered a loss on your investment in Maplebear, contact us about potential recovery by using the link below. There is no cost or obligation to you.

https://www.wongesq.com/pslra-1/maplebear-inc-class-action-submission-form/?prid=65388&wire=4

ABOUT THE ACTION: The class action against Maplebear includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) Instacart had overstated the extent to which online grocery shopping and delivery habits among consumers were accelerating; (ii) Instacart had downplayed the extent of the competition that it faced in the online grocery shopping and delivery market; (iii) accordingly, defendants overstated the Company's post-initial public offering growth, business, and financial prospects; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

DEADLINE: March 25, 2024

Aggrieved Maplebear investors only have until March 25, 2024 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-the-law-offices-of-vincent-wong-remind-maplebear-investors-of-a-lead-plaintiff-deadline-of-march-25-2024-302050094.html

SOURCE The Law Offices of Vincent Wong