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INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of PureCycle Technologies, Inc. (PCT) on Behalf of Investors

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·1-min read
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Law Offices of Howard G. Smith announces an investigation on behalf of PureCycle Technologies, Inc. ("PureCycle" or the "Company") (NASDAQ: PCT) investors concerning the Company’s possible violations of federal securities laws.

On May 6, 2021, before the market opened, Hindenburg Research issued a report alleging that PureCycle is "another quintessential example of how executives and SPAC sponsors enrich themselves while hoisting unproven technology and ridiculous financial projections onto the public markets, leaving retail investors to face the ultimate consequences." Hindenburg explained that it spoke with "multiple former employees" of earlier companies that PureCycle’s CEO and other associated executives took public before PureCycle, "who said that PureCycle’s executives based their financial projections on ‘wild… guessing,’ brought companies public far too early, and had deceived investors." The report posited that one of the key challenges for the Company is obtaining sufficient quality feedstock to make its process economical, raising doubts about PureCycle’s projected 45% EBITDA margins.

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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210506006032/en/

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com