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Submit Your Information for the PureCycle Technologies, Inc. Lawsuit

Lead plaintiff deadline is November 28, 2023

If you purchased or acquired PureCycle securities between August 8, 2023 and September 13, 2023, please contact Berger Montague using the form below.

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About the Case

On September 13, 2023, after the market closed, PureCycle filed a Form 8-K with the SEC disclosing that its Ironton Facility experienced a full plant power outage on August 7, 2023, which required the Ironton Facility to halt operations. PureCycle further disclosed that it replaced a seal that purportedly failed as a result of the power outage, and initiated facility restart procedures on September 11, 2023.

Following this news, PureCycle’s stock price fell $1.395, or 18.4%, to close at $6.18 per share on September 14, 2023.

According to the complaint and throughout the Class Period, the defendants failed to disclose to investors that: (1) the Ironton Facility experienced a full plant power outage on August 7, 2023; (2) there was a risk of additional failures resulting from the August 7, 2023 power outage; and (3) as a result of the foregoing, the defendants’ positive statements about PureCycle’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Investors who purchased or acquired PureCycle securities between August 8, 2023 and September 13, 2023, may no later than November 28, 2023, seek to be appointed as a lead plaintiff representative of the class.