A federal securities class action has been filed against Smart Digital Group Ltd., alleging the company and its executives made false or misleading statements and failed to disclose involvement in a market manipulation and fraudulent promotion scheme. The complaint claims insiders used offshore or nominee accounts to coordinate share dumping during a price inflation campaign, and that key risks of fraudulent trading were omitted from public disclosures. Investors who purchased Smart Digital securities between May 5, 2025, and September 26, 2025, face a March 16, 2026 deadline to seek lead plaintiff status in the litigation.

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