Los Angeles - 
(NewMediaWire) - May 25, 2021 - The Schall Law Firm, a national shareholder rights litigation
firm, reminds investors of a class action lawsuit against PureCycle
Technologies, Inc. (“PureCycle” or “the Company”) (NASDAQ: PCT) for
violations of the
federal securities laws.
Investors who
purchased the Company's securities between November 16, 2020 and May 5, 2021,
inclusive (the ''Class Period''), are encouraged to contact the firm before July
12, 2021.
If you are a
shareholder who 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 free of
charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this
case, has not yet been certified, and until certification occurs, you are not
represented by an attorney. If you choose to take no action, you can remain an
absent class member.
According to the
Complaint, the Company made false and misleading statements to the market.
PureCycle’s management team had previously taken six companies public, each of
which imploded shortly thereafter. The Company’s motivation in going public was
to secure tens of millions of dollars and tradeable shares whether the deal was
favorable or unfavorable. The Company faced intense competition for feedstock
which it misled investors about. The Company’s patent did not hold the value it
led investors to believe. The Company’s pressurized process was not yet functional
at production scale, and remained dangerous. Based on these facts, the
Company’s public statements were false and materially misleading throughout the
IPO period. When the market learned the truth about PureCycle, investors
suffered damages.
Join the case to recover your losses.
The Schall Law Firm
represents investors around the world and specializes in securities class
action lawsuits and shareholder rights litigation.
This press release may
be considered Attorney Advertising in some jurisdictions under the applicable
law and rules of ethics.
CONTACT:
The Schall
Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
