Faruqi & Faruqi Reminds Flotek Investors of Lead Plaintiff Deadline

Faruqi & Faruqi, LLP, a leading national securities law firm, is reminding investors in Flotek Industries (FTK) of an important deadline as they investigate potential claims against the company. The deadline for investors to seek the role of lead plaintiff in a federal securities class action lawsuit is October 26, 2026.

According to the complaint, Flotek and its executives violated federal securities laws by making false and misleading statements or failing to disclose key information. The lawsuit alleges that the company and its consortium partners had credible reasons to doubt their experience, organization, and financial capacity for the PREPA power generation project. This, the complaint states, created a risk that revenue from the PREPA contract would not be realized.

On August 17, 2026, Wolfpack Research published a report alleging that Flotek's $400 million contract with the Puerto Rico Electric Power Authority (PREPA), which accounted for approximately 57% of FTK's backlog, had been canceled. The report further claimed that a federally appointed financial regulator had revoked its authorization over the deal due to an unauthorized signature and referred the matter for criminal prosecution. This news caused Flotek's stock price to drop by $7.17, or 20.01%, to close at $28.66 per share.

Faruqi & Faruqi, LLP, based in New York, Pennsylvania, California, and Georgia, has recovered hundreds of millions of dollars for investors since its founding in 1995. The firm encourages investors who purchased or acquired Flotek securities between August 3, 2026, and August 17, 2026, to contact partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) to discuss their legal rights and potential claims.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who will direct and oversee the litigation on behalf of the putative class. Any member of the putative class may move the court to serve as lead plaintiff through counsel of their choice or choose to remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.