PureCycle Announces Preliminary Court Approval of Shareholder Derivative Settlement
PureCycle Technologies (NASDAQ:PCT) has received preliminary court approval for a settlement regarding shareholder derivative lawsuits and certain shareholder demand letters. The approval was granted on February 18, 2025, by the U.S. District Court for the District of Delaware.
The company, which specializes in plastic recycling technology, has been directed to disclose the settlement details to shareholders through a Notice of Proposed Settlement of Stockholder Derivative Matters. This notice, along with the complete Stipulation and Agreement of Settlement, is available on PureCycle's investor relations website.
PureCycle operates using a patented dissolution recycling technology licensed from Procter & Gamble, designed to transform polypropylene plastic waste (#5 plastic) into their PureFive™ resin product by removing color, odor, and other impurities.
PureCycle Technologies (NASDAQ:PCT) ha ricevuto l'approvazione preliminare del tribunale per un accordo riguardante le cause legali derivative dei soci e alcune lettere di richiesta dei soci. L'approvazione è stata concessa il 18 febbraio 2025 dal Tribunale Distrettuale degli Stati Uniti per il Distretto del Delaware.
L'azienda, specializzata nella tecnologia di riciclaggio della plastica, è stata incaricata di comunicare i dettagli dell'accordo agli azionisti attraverso un Avviso di Proposta di Accordo su Questioni Derivative degli Azionisti. Questo avviso, insieme alla completa Stipulazione e Accordo di Accordo, è disponibile sul sito web delle relazioni con gli investitori di PureCycle.
PureCycle opera utilizzando una tecnologia di riciclaggio a dissoluzione brevettata, concessa in licenza da Procter & Gamble, progettata per trasformare i rifiuti di plastica in polipropilene (#5 plastica) nel loro prodotto in resina PureFive™, rimuovendo colore, odore e altre impurità.
PureCycle Technologies (NASDAQ:PCT) ha recibido la aprobación preliminar del tribunal para un acuerdo relacionado con demandas derivadas de accionistas y ciertas cartas de solicitud de accionistas. La aprobación fue otorgada el 18 de febrero de 2025 por el Tribunal de Distrito de EE. UU. para el Distrito de Delaware.
La empresa, que se especializa en tecnología de reciclaje de plásticos, ha sido instruida a divulgar los detalles del acuerdo a los accionistas a través de un Aviso de Propuesta de Acuerdo sobre Asuntos Derivados de Accionistas. Este aviso, junto con la completa Estipulación y Acuerdo de Acuerdo, está disponible en el sitio web de relaciones con inversores de PureCycle.
PureCycle opera utilizando una tecnología de reciclaje por disolución patentada, licenciada de Procter & Gamble, diseñada para transformar los desechos plásticos de polipropileno (#5 plástico) en su producto de resina PureFive™, eliminando color, olor y otras impurezas.
PureCycle Technologies (NASDAQ:PCT)는 주주 파생 소송 및 특정 주주 요구서와 관련된 합의에 대한 예비 법원 승인을 받았습니다. 이 승인은 2025년 2월 18일 델라웨어 지구의 미국 지방 법원에서 부여되었습니다.
플라스틱 재활용 기술을 전문으로 하는 이 회사는 주주에게 합의 세부 정보를 공개하도록 지시받았으며, 이를 위해 주주 파생 문제에 대한 제안된 합의 통지를 통해 이루어질 것입니다. 이 통지와 함께 완전한 합의서 및 동의서는 PureCycle의 투자자 관계 웹사이트에서 확인할 수 있습니다.
PureCycle은 Procter & Gamble로부터 라이센스를 받은 특허된 용해 재활용 기술을 사용하여, 폴리프로필렌 플라스틱 폐기물(#5 플라스틱)을 PureFive™ 수지 제품으로 변환하며, 색상, 냄새 및 기타 불순물을 제거합니다.
PureCycle Technologies (NASDAQ:PCT) a reçu l'approbation préliminaire du tribunal pour un règlement concernant les poursuites dérivées des actionnaires et certaines lettres de demande d'actionnaires. L'approbation a été accordée le 18 février 2025 par le tribunal de district des États-Unis pour le district du Delaware.
L'entreprise, spécialisée dans la technologie de recyclage des plastiques, a été chargée de divulguer les détails du règlement aux actionnaires par le biais d'un Avis de Proposition de Règlement sur les Questions Dérivées des Actionnaires. Cet avis, ainsi que la Stipulation et l'Accord de Règlement complets, est disponible sur le site Web des relations avec les investisseurs de PureCycle.
PureCycle utilise une technologie de recyclage par dissolution brevetée, sous licence de Procter & Gamble, conçue pour transformer les déchets plastiques en polypropylène (#5 plastique) en leur produit de résine PureFive™, en éliminant la couleur, l'odeur et d'autres impuretés.
PureCycle Technologies (NASDAQ:PCT) hat eine vorläufige gerichtliche Genehmigung für einen Vergleich bezüglich der Aktionärsderivatklagen und bestimmter Aktionärsanfragen erhalten. Die Genehmigung wurde am 18. Februar 2025 vom US-Bezirksgericht für den Bezirk Delaware erteilt.
Das Unternehmen, das sich auf die Technologie des Kunststoffrecyclings spezialisiert hat, wurde angewiesen, die Einzelheiten des Vergleichs den Aktionären durch eine Mitteilung über den vorgeschlagenen Vergleich von Aktionärsderivaten offenzulegen. Diese Mitteilung sowie die vollständige Stipulation und Vergleichsvereinbarung sind auf der Investor Relations-Website von PureCycle verfügbar.
PureCycle nutzt eine patentierte Lösungstechnologie zum Recycling, die von Procter & Gamble lizenziert wurde, um Polypropylenabfälle (#5 Kunststoff) in ihr PureFive™-Harzprodukt umzuwandeln, indem Farbe, Geruch und andere Verunreinigungen entfernt werden.
- Legal resolution progress with preliminary settlement approval
- Maintains exclusive global license for P&G's patented recycling technology
- Ongoing shareholder litigation issues requiring settlement
- Legal expenses and settlement costs impact on company finances
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. The Notice, along with a copy of the full Stipulation and Agreement of Settlement, can also be found on the investor relations section of PureCycle's website at the following web addresses: PureCycle Technologies, Inc. (PCT).
PureCycle Contact
Christian Bruey
cbruey@purecycle.com
Investor Relations Contact
Eric DeNatale
edanatale@purecycle.com
About PureCycle Technologies
PureCycle Technologies LLC., a subsidiary of PureCycle Technologies, Inc., holds a global license for the only patented dissolution recycling technology, developed by The Procter & Gamble Company (P&G), that is designed to transform polypropylene plastic waste (designated as #5 plastic) into a continuously renewable resource. The unique purification process removes color, odor, and other impurities from #5 plastic waste resulting in our PureFive™ resin that can be recycled and reused multiple times, changing our relationship with plastic. www.purecycle.com.
SOURCE: PureCycle Technologies LLC.
View the original press release on ACCESS Newswire
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