FTK Shareholder Alert: October 26, 2026 Lead Plaintiff Deadline in Flotek Industries, Inc. Securities Class Action - Contact Levi & Korsinsky

Time-Sensitive: Allegations Focus on Consortium Partner Representations — the Flotek securities action contends investors were never told of doubts about the project group's capacity, an allegedly unauthorized third-party signature, and a convicted felon's involvement.

NEW YORK, Sept. 30, 2026 /PRNewswire/ -- Levi & Korsinsky, LLP alerts investors in Flotek Industries, Inc. (NYSE: FTK) of a pending securities class action. Class Period: August 3, 2026 through August 17, 2026. Check if you might be eligible to recover your investment losses or contact Joseph E. Levi, Esq. at [email protected] | (212) 363-7500.

FTK shares declined nearly 30%, a collective drop of $10.66 per share, across three consecutive disclosure days, and the projected $400 million, 10-year revenue backlog tied to the Puerto Rico agreement went to zero. The Court has set October 26, 2026 as the deadline to apply for lead plaintiff appointment.

The Alleged Puerto Rico Consortium Credibility Concentration

The lawsuit asserts that the announced 10-year agreement with the Puerto Rico Electric Power Authority depended on partners over whom the Company had limited control, with roughly 90% of project capacity supplied by third parties. As alleged, the group's lead partner had been questioned by a federal oversight body months earlier over its organizational and financial capacity, and the contract award was later revoked after a participant stated its name and signature had been used without authorization.

Third-Party Vetting Risk in Consortium-Based Energy Contracts

• The contract accounted for approximately 57% of reported backlog
• Annual revenue of approximately $40 million was projected at full deployment
• Approximately 90% of project power generation capacity rested with outside parties
• A federally appointed oversight body voted to revoke approval and referred the matter to law enforcement
• Formal termination of the power purchase and operating agreement followed, effective immediately

Why Partner Diligence Adequacy Allegedly Matters to Investors

The action claims that generic contract-risk language did not convey the specific, allegedly known doubts surrounding the consortium, and that investors who purchased during the two-week Class Period paid prices that did not reflect those doubts.

"Investors deserve transparency about material risks that could affect their investments. The complaint here alleges that shareholders were not told of credible reasons to doubt the experience, organization, and financial capacity of the consortium behind a contract representing roughly 57% of the Company's backlog." -- Joseph E. Levi, Esq.

Learn more about the case or call (212) 363-7500.

ABOUT LEVI & KORSINSKY, LLP — Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders. The firm has extensive expertise in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report. Investors who suffered losses have until October 26, 2026 to seek appointment as lead plaintiff.

Frequently Asked Questions About the FTK Lawsuit

Q: Who is eligible to join the FTK investor lawsuit? A: Investors who purchased FTK stock or securities between August 3, 2026 and August 17, 2026 and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.

Q: What specific misstatements does the FTK lawsuit allege? A: The complaint alleges Flotek Industries, Inc. made materially false or misleading statements regarding the $400 million PREPA agreement and the capacity of its consortium partners during the Class Period. When the contract cancellation and the alleged unauthorized signature were disclosed, the stock price declined sharply.

Q: Who are the defendants named in the FTK lawsuit? A: The complaint names Flotek Industries, Inc. and individual defendants including senior executives who allegedly signed SEC filings, made public statements, or certified financial disclosures under Sarbanes-Oxley.

Q: What do FTK investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.

Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.

Q: What if I already sold my FTK shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in the securities class action, they are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171

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SOURCE Levi & Korsinsky, LLP