Law Offices of Howard G. Smith announces an investigation on behalf of Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN FLOTEK INDUSTRIES, INC. (FTK), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On August 17, 2026, Wolfpack Research published a report alleging Flotek has “yet to disclose to investors that their $400 million contract with the Puerto Rico Electric Power Authority (PREPA), accounting for ~57% of FTK’s backlog, has been canceled.” The report further alleged a “federally appointed financial regulator revoked its authorization over the deal due to an apparent unauthorized signature andreferred the matter for criminal prosecution.”
On this news, Flotek’s stock price fell $7.17, or 20.01%, to close at $28.66 per share on August 17, 2026, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased Flotek Industries, Inc. securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260820152059/en/
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