MNTN, Inc. (NYSE: MNTN)

This investigation is for anyone who acquired securities in MNTN, Inc. (NYSE: MNTN) from August 4, 2026 through November 4, 2026.

The Law Offices of Howard Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard Smith believes that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard Smith believes that the Company misled investors by failing to disclose to investors that a change in the Company’s compensation structure for its sales force that would result in a significant amount of the Company’s sales force quiting.

On November 4, 2026, MNTN announced third quarter 2026 results. Among other things, the Company disclosed that changes to its sales compensation structure had contributed to the departure of approximately 40% of its experienced quota-carrying salespeople, impairing its ability to acquire new customers. The Company also reported third-quarter revenue of $80.3 million, below its previously projected range of $86 million to $89 million, and reduced its full-year revenue guidance to $311 million to $314 million, from an original guidance of $347 million to $357 million. Additionally, management acknowledged that the sales compensation changes had been communicated to employees in late second-quarter 2026 and implemented at the beginning of the third quarter, before MNTN reaffirmed its financial guidance in August. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in MNTN, Inc. (NYSE: MNTN) from August 4, 2026 through November 4, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.