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PureCycle Announces Preliminary Court Approval of Shareholder Derivative Settlement

1. PureCycle settles shareholder lawsuits with court's preliminary approval. 2. Settlement may restore investor confidence in PureCycle's future.

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Why Bullish?

The settlement resolution eliminates legal uncertainties, which could improve stock confidence. Historical examples show resolved litigations often lead to positive stock performance.

How important is it?

The resolution of lawsuits can significantly influence stock price by reducing risks. Investors often weigh legal stability heavily when assessing a company's value.

Why Short Term?

Investors might react quickly to the settlement news, impacting stock prices shortly after. Similar past events indicate immediate market responsiveness to legal resolutions.

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PLNTRBLXXOM
ORLANDO, FL / ACCESS Newswire / February 28, 2025 / PureCycle Technologies, Inc. (NASDAQ:PCT), a U.S.-based company revolutionizing plastic recycling, today, announced that on February 18, 2025, the U.S. District Court for the District of Delaware issued an order granting preliminary approval of a settlement to resolve shareholder derivative lawsuits and certain shareholder demand letters. In accordance with the Court's order preliminarily approving the settlement, PureCycle is making disclosure of the settlement to its shareholders in the Notice of Proposed Settlement of Stockholder Derivative Matters, Hearing Thereon, and Right to Appear (Notice) attached hereto.

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