PLAB INVESTOR DEADLINE: Photronics, Inc. Investors with Substantial Losses Have Opportunity to Lead Shareholder Class Action Lawsuit

Photronics, Inc. (NASDAQ: PLAB) investors who purchased or acquired securities between December 10, 2025 and May 27, 2026, inclusive, have until September 4, 2026, to seek appointment as lead plaintiff of the Photronics class action lawsuit. The lawsuit charges Photronics and certain of its top executive officers with violations of the Securities Exchange Act of 1934. Photronics, together with its subsidiaries, engages in the manufacture and sale of photomask products and services. The lawsuit alleges that defendants created a false impression of reliable information regarding Photronics' projected revenue outlook and anticipated growth, while minimizing risks from post-holiday seasonality and macroeconomic fluctuations. It also alleges that Photronics' high-end chip design release pipeline experienced severe bottlenecks due to elevated foundry utilization rates and equipment cost pressures, rendering its forward growth expectations unachievable. On May 28, 2026, Photronics announced financial results for the second quarter of fiscal 2026, reporting revenue and earnings well below internal projections and a critical collapse of integrated circuit revenue by 11% sequentially. On this news, the stock price dropped more than 36%.