The Complaint alleges that throughout the Class Period, Defendants misrepresented to investors facts concerning the move of Funko's distribution center from Everett, Washington to Buckeye, Arizona, as well as the planned upgrade of the Company's enterprise resource planning (ERP) software system. The Complaint further alleges that Defendants repeatedly spoke of the necessity for these upgrades to serve current and future business needs, but failed to disclose that: (1) Funko was experiencing significantly larger delays in implementing its ERP software than it was disclosing to investors; (2) Having moved into a new warehouse without functioning ERP software in place would lead to dramatically higher costs and poorer inventory management practices; and (3) Funko's inability to efficiently operate the new distribution center would have a substantial, undisclosed impact on the Company's EBITDA margin.