C3.ai securities class action narrowed; court dismisses 3 of 5 claims with prejudice

C3.ai, Inc.

Court order on Mar 12, 2026 granted in part defendants' motion to dismiss third amended complaint.
Dismissed with prejudice claims under Sections 10(b), 20(a) of Exchange Act and insider trading claims.
Remaining narrow claims under Sections 11 and 15 of Securities Act regarding one sentence in IPO Registration Statement.
Company believes remaining claims are without merit and will continue to defend vigorously.

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