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NEW YORK, July 10, 2024 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against UiPath, Inc. (“UiPath” or the “Company”) (NYSE: PATH). Investors are advised to Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, extension 7980. For inquiries by email, you will be asked to provide your mailing address, telephone number and the number of shares purchased.

The class action lawsuit concerns whether UiPath and certain of its officers and/or directors engaged in securities transactions. Fraud or other unlawful business practices.

You have until 19 August 2024to ask the Court to appoint you as lead plaintiff for the class if you are a shareholder who purchased or otherwise acquired UiPath securities during the Class Period. A copy of the complaint is available attwww.pomerantzlaw.com.

[Click here for information about joining the class action]

At May 29, 2024UiPath issued a press release announcing the resignation of Robert Enslin as Chief Executive Officer (“CEO”) of the Company with effect June 1, 2024and the reappointment of Daniel Dines as CEO. On the same day, UiPath issued a separate press release announcing disappointing financial results for Q1 25 and a significant cut to its fiscal year 2025 revenue guidance. Specifically, UiPath lowered its fiscal year 2025 revenue guidance by approximately 10%, or 150 million US dollarsfrom a series of 1.555 billion US dollars To 1.560 billion US dollarsto a series of 1.405 billion US dollars To 1.410 billion US dollars. Discussing UiPath's results and guidance on a conference call the same day, UiPath executives acknowledged that the company's failed turnaround strategy was a factor, stating, “The investments we made to accelerate growth fell short of our expectations, made us less flexible in responding to customer needs and created near-term pressure on operating margins. We are committed to resolving all of this.”

Following this news, UiPath’s share price fell $6.23 per share, or over 34%, and closed at $12.07 per share on May 30, 2024.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel-Avivis considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. PomerantzKnown as the dean of class action lawyers, Pomerantz was a pioneer in the field of securities class action litigation. Today, more than 85 years later, Pomerantz continues the tradition he established and fights for the rights of securities litigation victims. FraudBreach of fiduciary duty and corporate misconduct. The firm has won billions of dollars in damages on behalf of class action plaintiffs. See www.pomlaw.com.

Attorney advertising. Past results do not guarantee similar results.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 extension 7980

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