PureCycle Technologies, Inc. shares plunged 40% in intraday trading on May 6, 2021 after a report by Hindenburg Research alleged the plastics recycling SPAC has “deceived investors” with financial
projections that are nothing more than “wild ass guessing,” and that its two sponsoring investment banks have issued “Buy” ratings with high target prices after previously receiving millions
projections that are nothing more than “wild ass guessing,” and that its two sponsoring investment banks have issued “Buy” ratings with high target prices after previously receiving millions
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