Magnite, Inc

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Company Name	Magnite, Inc
Stock Symbol	MGNI
Status	1

On January 7, 2021, Spruce Point Capital Management published a research report alleging that the Company's "investors are being misguided by Magnite's growth prospects and see 25%-50% downside" and that Magnite "continued to mask challenges with inaccurate financial reporting." The report further stated that “evidence shows Magnite is running two separate businesses, yet only reporting one operating segment, allowing it to bury clarity into its struggles.”

On this news, Magnite's stock price fell $1.70 per share, or 6%, to close at $25.61 per share on January 7, 2021, thereby injuring investors.

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If you suffered a loss on your Magnite, Inc investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.

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