|Company Name||Viasat, Inc.|
On July 12, 2023, Viasat disclosed that an “event occurred during reflector deployment that may materially impact the performance of the ViaSat-3 Americas satellite.” Viasat further disclosed that “[c]ontingency plans are currently being refined” and that “[p]otential options include redeploying satellites from Viasat’s extensive fleet to optimize global coverage, and/or reallocating a subsequent ViaSat-3 class satellite to provide additional Americas bandwidth.”
On this news, Viasat’s stock price $12.24, or 28.5%, to close at $30.74 per share on July 13, 2023, thereby injuring investors.
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