The Law Offices of Frank R. Cruz announces an investigation of Joint Stock Company Kaspi.kz (“Kaspi” or the “Company”) (NASDAQ: KSPI) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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On September 19, 2024, Culper Research published a report alleging, among other things, that Kaspi "systematically misled U.S. investors and regulators in its repeated claims – especially ahead of the Company’s January 2024 NADSAQ listing – that the Company has zero exposure to Russia." The Culper Research report alleges that, in fact "Russia has contributed materially to Kaspi's reported growth."

On this news, Kaspi’s stock price fell as much as 23% during intraday trading on September 19, 2024, thereby injuring investors.

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If you purchased Kaspi securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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