The Law Offices of Frank R. Cruz announces an investigation of PureCycle Technologies, Inc. (“PureCycle” or the “Company”) (NASDAQ: PCT) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On September 13, 2023, after the market closed, PureCycle disclosed that its Ironton Facility in Ohio experienced a full plant power outage on August 7, 2023, which required the Ironton Facility to halt operations. The Company 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.
On this news, PureCycle’s stock price fell $1.39, or 18.4%, to close at $6.18 per share on September 14, 2023, thereby injuring investors.
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If you purchased PureCycle securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to firstname.lastname@example.org, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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