Pomerantz Law Firm Reminds Ryde Group Ltd. Investors of Class Action Lawsuit and Upcoming Deadlines

Pomerantz LLP has issued a reminder to investors regarding a filed class action lawsuit against Ryde Group Ltd. (NYSE: RYDE) concerning potential securities fraud or other unlawful business practices.

Investors who purchased or acquired Ryde securities have until November 9, 2026, to ask the Court to appoint them as Lead Plaintiff for the class. Inquiries can be directed to Danielle Peyton at Pomerantz LLP via email at [email protected] or by telephone.

Background of the Lawsuit

The class action arises from allegations concerning the sudden collapse of Ryde's stock in September 2024 following an alleged social media stock promotion scheme. According to reports cited in the complaint:

• Ryde's share price initially surged from its IPO price of $4.00 to a high of $22.49 without fundamental business changes.
• Investigations indicate the spike involved an illicit "pump-and-dump" scheme utilizing impersonators in online forums and chat groups.
• On September 11, 2024, the share price dropped approximately 75% to $5.50, and has since declined to approximately $0.50.

How to Verify and Participate

• Complaint Access: A copy of the complaint is available through the Pomerantz Law Firm website at www.pomerantzlaw.com.
• Contact Details: Interested investors can contact Danielle Peyton at 646-581-9980 (or toll-free at 888-4-POMLAW, Ext. 7980).
• Submission Requirements: Inquiries via email should include the investor's mailing address, telephone number, and the number of shares purchased.