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NEW YORK, Sept. 19, 2022 (GLOBE NEWSWIRE) — Bernstein Liebhard LLP, a nationally recognized investor rights law firm, is reminding investors of the deadline for filing a motion by lead plaintiff in a securities class action lawsuit filed on behalf of investors, who have purchased or otherwise acquired the Class A common stock of Weber Inc. (“Weber” or the “Company”) (NYSE: WEBR) pursuant to and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued on In connection with the Company’s initial public offering in August 2021 (“IPO” or the “Offering”). The lawsuit was filed in the United States District Court for the Northern District of Illinois alleging violations of the Securities Exchange Act of 1933.

Weber is an outdoor cooking company that sells grills, smokers, grilling accessories, and solid fuel products around the world.

On August 6, 2021, the Company filed its prospectus with the SEC on Form 424B4, which is part of the registration statement. In the IPO, the Company sold approximately 17,857,143 Class A common shares at a price of $14.00 per share. The Company received approximately $237.5 million in proceeds from the offering, net of subscription discounts and commissions. The proceeds from the IPO were said to be used to complete certain restructuring transactions, for general corporate purposes and to pay down certain debts.

Plaintiff alleges that Defendants’ statements in the Registration Statement were materially false and misleading when made because: (1) Weber would reasonably implement price increases; (2) as a result, consumer demand for Weber products would likely decrease; (3) due to the resulting inventory build-up, …