GlobeNewswire Inc | Jul 14, 2020 03:11PM EDT

July 14, 2020

LEAD PLAINTIFF DEADLINE IS AUGUST 18, 2020

NEW YORK, July 14, 2020 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLPreminds investors that a federal securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York has been filed on behalf of persons and entities that purchased or otherwise acquired Casper Sleep Inc. ("Casper" or the "Company") (NYSE: CSPR) securities pursuant and/or traceable to the Company's initial public offering conducted on or around February 7, 2020 (the IPO).

All investors who purchased sharesof Casper Sleep Inc, and incurred losses are urgedto contact the firm immediately atclassmember@whafh.comor (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action orjoin the caseon our website,www.whafh.com.

If you have incurred losses in the shares of Casper Sleep Inc.,youmay,no later than August 18, 2020, request that the Court appoint you lead plaintiff of the proposed class. Please contactWolf Haldensteinto learn more about your rights as an investor in the shares of Casper Sleep Inc.

CLICK HERE TO JOIN THE CASE

In February 2020, the Company completed its initial public offering (IPO), in which it sold 8.35 million shares of common stock for $12 per share.

On April 21, 2020, Casper announced that it was decreasing the size of its global operations and sales team, as well as completely winding down its European operations, amounting to a loss of 21% of its workforce. The Company also stated that Gregory Macfarlane had resigned from his positions as Chief Financial Officer and Chief Operating Officer.

On May 12, 2020, the Company announced its first quarter 2020 financial results, reporting a net loss of $34.5 million (a 98% increase year over year) and an adjusted EBITDA loss of $22.9 million (a 60% increase year over year).

Since the IPO, Caspers share price has traded as low as $6.37 per share, or about 47% below the $12 IPO price.

Wolf Haldensteinhas extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contactWolf Haldensteinby telephone at (800) 575-0735, via e-mail atclassmember@whafh.com, or visit our website atwww.whafh.com.

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP Kevin Cooper, Esq. Gregory Stone, Director of Case and Financial Analysis Email:gstone@whafh.com,kcooper@whafh.comorclassmember@whafh.com Tel: (800) 575-0735 or (212) 545-4774

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