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Allegations
The filed complaint alleges that PureCycle Technologies, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Ironton Facility experienced a full plant power outage on August 7, 2023; (2) there was a risk of additional failures resulting from the August 7, 2023 power outage; and (3) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.