PureCycle Technologies $12,000,000 Securities Settlement

If you purchased or otherwise acquired PureCycle Securities between November 16, 2020, and November 10, 2021, you may be eligible to claim a portion of a $12,000,000 class action settlement.

PureCycle Technologies, Inc. has agreed to pay $12,000,000 to settle a class action lawsuit for alleged misrepresentations and omissions of material fact in public statements regarding their recycling process and management's prior business experience.

Can I Claim an Award?

The Settlement Class includes all persons or entities who purchased or otherwise acquired PureCycle Securities between November 16, 2020, and November 10, 2021, inclusive. This includes common stock, warrants, and options. If you fall into this category, you are considered a Settlement Class Member and may be eligible for a payment from the Settlement Fund.

To be eligible, you must have:

• Purchased or otherwise acquired PureCycle Securities during the Class Period.
• Held the securities through the first date on which corrective information was released to the market.

What Awards Can Class Members Claim?

The proposed Settlement provides that Defendants will cause $12,000,000 to be paid into a settlement fund. This amount will be distributed among Settlement Class Members who submit timely, valid claims, according to the Plan of Allocation.

The average recovery is estimated to be:

• $0.32 per share of PureCycle common stock
• $0.29 per warrant
• $0.04 per call option
• $0.05 per put option

The actual recovery will depend on the aggregate losses of all Settlement Class Members, the dates of purchase and sale, and the total number of claims filed. The Net Settlement Fund will be distributed on a pro-rata basis, meaning each Authorized Claimant will receive a portion of the fund proportional to their Recognized Loss.

Calculation Example

If you purchased 100 shares of PureCycle common stock at $10 each and sold them at $8 each after the corrective information was released, your Recognized Loss would be calculated as follows:

• Purchase price: 100 shares x $10 = $1,000
• Sale price: 100 shares x $8 = $800
• Recognized Loss: $1,000 - $800 = $200

If the total Recognized Losses of all claimants amount to $10,000,000 and the Net Settlement Fund is $8,000,000, your pro-rata share would be:

• Pro-rata share: $200 / $10,000,000 x $8,000,000 = $160

Is Proof Required to Claim the Reward?

Yes, claimants need to provide proof to claim an award. You must submit a valid Proof of Claim form, along with supporting documents such as stockbroker's confirmation slips, stockbroker's statements, or other documents evidencing each purchase and sale of PureCycle Securities.

• Proof of purchase or acquisition during the Class Period
• Proof of sale, if applicable
• Documentation of holdings at the beginning and end of the Class Period

How to Claim Your Award

To claim your award, you must submit a Proof of Claim form. You can complete and submit the electronic version of the form by visiting the online claim form. Alternatively, you can mail the completed form to the Claims Administrator at:

PureCycle Technologies Inc. Securities Litigation

c/o Strategic Claims Services

P.O. Box 230

600 N. Jackson St., Ste. 205

Media, PA 19063

Ensure your claim is postmarked no later than September 12, 2024.

Submitting a Claim

Follow these steps to submit your claim:

1. Complete the Proof of Claim form with all required information.
2. Attach supporting documents, such as stockbroker's confirmation slips and statements.
3. Submit the form online or mail it to the Claims Administrator.
4. Ensure the form is submitted or postmarked by September 12, 2024.

How do I Get Paid?

Payments will be made to Authorized Claimants after all claims have been processed and the Court has finally approved the Settlement. The payment method will be determined by the Claims Administrator.

$12,000,000 Settlement Fund

The total settlement amount is $12,000,000. This amount will be distributed as follows:

• Attorneys' fees: Up to $4,000,000
• Litigation expenses: Up to $400,000
• Compensatory awards to Lead Plaintiffs: Up to $60,000
• Net Settlement Fund: The remaining amount after deductions

Important Dates

• Deadline to File a Claim: September 12, 2024
• Notice to Appear Deadline: September 17, 2024
• Settlement Hearing: October 8, 2024

When will Awards be Paid?

Awards will be paid after the Court has finally approved the Settlement and all claims have been processed. This process may take several months, so please be patient.

Why is there a Class Action Settlement?

The class action settlement was reached to resolve allegations that PureCycle Technologies, Inc. made misrepresentations and omissions of material fact in public statements regarding their recycling process and management's prior business experience. The Settlement allows the company to avoid the costs and risks associated with continuing litigation.

What Happens Next?

Next, the Court will hold a Settlement Hearing on October 8, 2024, to decide whether to approve the Settlement. If approved, the Claims Administrator will begin processing claims and distributing payments to Authorized Claimants.