PureCycle receives preliminary court approval for derivative lawsuit settlement with $3M payment from insurers

PureCycle Technologies, Inc.

Court preliminarily approved settlement of shareholder derivative lawsuits on Feb 18, 2025.
Insurers to pay $3 million to PureCycle as monetary component of settlement.
PureCycle agrees to adopt corporate governance reforms including board composition changes.
Settlement resolves claims of breach of fiduciary duty and securities law violations.
Final approval hearing to be scheduled; notice sent to shareholders.

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