SHAREHOLDER ACTION ALERT: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against PureCycle Technologies, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

THE ANGEL–(BUSINESS WIRE) – Schall law firm, a national shareholder law firm, is reminding investors of a class action lawsuit against PureCycle Technologies, Inc. (“PureCycle” or “the Company”) (NASDAQ: PCT) for violations of the Federal Securities Act.

Investors who purchased the Company’s securities between November 16, 2020 and May 5, 2021 (including the “Class Period”) are requested to contact the Company before July 12, 2021.

If you are a shareholder who has suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall law firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights at no charge. You can also contact us on the company’s website at www.schallfirm.com or by email at [email protected].

In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don’t take action, you can remain an absent class member.

According to the complaint, the company made false and misleading statements to the market. The PureCycle management team had previously floated six companies, each of which imploded shortly afterwards. The company’s motivation in going public was to secure tens of millions of dollars and tradable stocks regardless of whether the deal was cheap or unfavorable. The company faced intense competition for commodities that misled investors. The company’s patent didn’t have the value investors believed in. The company’s pressurized process was not yet functional on a production scale and remained dangerous. Because of these facts, the company’s public statements have been false and materially misleading throughout the IPO. When the market learned the truth about PureCycle, investors suffered damage.

Join the case to make up for your losses.

Schall law firm represents investors around the world and specializes in class action and shareholder disputes.

This press release may be viewed as a solicitor’s advertisement in some jurisdictions under applicable laws and ethical rules.

Comments are closed.