PureCycle Technologies, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of PureCycle Technologies, Inc. (NASDAQ: PCT, PCTTW, PCTTU) between August 8, 2023 and September 13, 2023, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 28, 2023.

If you purchased PureCycle securities during the Class Period and would like to join the action, please click “Join This Class Action.”

Class Period:August 8, 2023 to September 13, 2023
If you purchased PureCycle securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants failed to disclose material adverse facts about PureCycle’s business, operations, and prospects. Specifically, defendants failed to disclose to investors that:

  • its first commercial scale recycling facility, the Ironton, Ohio facility, experienced a full plant power outage on August 7, 2023;
  • there was a risk of additional failures resulting from the August 7, 2023 power outage; and
  • as a result of the foregoing, Defendants’ positive statements about PureCycle’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: PureCycle Technologies, Inc.
Stock Symbol: PCT, PCTTW, PCTTU
Class Period: August 8, 2023 to September 13, 2023
Court: United States District Court Southern District of New York

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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