NEW YORK, NY / ACCESSWIRE / May 7, 2021 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of PureCycle Technologies, Inc.("PureCycle" or "the Company") (NASDAQ:PCT). Investors who purchased PureCycle securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/pct.
The investigation concerns whether PureCycle and certain of its officers and/or directors have violated federal securities laws.
On May 6, 2021, Hindenburg Research ("Hindenburg") published a report addressing PureCycle. The Hindenburg report asserted that "PureCycle represents the worst qualities of the SPAC boom; 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." The Hindenburg report cited conversations with "multiple former employees" of earlier companies that PureCycle's Chief Executive Officer and other associated executives took public before PureCycle, "who said that PureCycle's executives based their financial projections on ‘wild ass guessing,' brought companies public far too early, and had deceived investors." On this news, PureCycle's stock price fell $9.76 per share, or 39.69%, to close at $14.83 per share on May 6, 2021.
If you are aware of any facts relating to this investigation, or purchased PureCycle shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/pct. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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