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FTK DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Flotek Industries (NYSE: FTK) Investors of Securities Class Action Lawsuit Deadline on October 26, 2026

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FTK DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Flotek Industries (NYSE: FTK) Investors of Securities Class Action Lawsuit Deadline on October 26, 2026
Business

Business

FTK DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Flotek Industries (NYSE: FTK) Investors of Securities Class Action Lawsuit Deadline on October 26, 2026

2026-08-27 22:46 Last Updated At:22:50

NEW YORK--(BUSINESS WIRE)--Aug 27, 2026--

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) and reminds investors of the October 26, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260827965364/en/

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that there were credible reasons to doubt the experience, organization, and financial capacity of the consortium parties for PREPA’s power generation project; (2) that, as a result, there was a risk that revenue from the PREPA contract would not be realized; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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 and referred 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.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees 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 may choose to do nothing and 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.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Flotek’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Flotek Technologies class action, go to www.faruqilaw.com/FTK or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Frequently Asked Questions (FAQ) for Investors Regarding the Flotek Securities Class Action Lawsuit:

What is the Flotek securities fraud lawsuit about?

The lawsuit alleges Flotek misled investors about risks involving the PREPA power project, including concerns about consortium parties and the likelihood that anticipated contract revenue would be realized.

Who may be eligible to participate in the lawsuit?

Investors who purchased or acquired Flotek Industries (NYSE: FTK) securities between August 3, 2026 and August 17, 2026 may be eligible if they suffered losses.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff represents the proposed class during the litigation. Eligible investors must file a motion with the court by October 26, 2026. Investors may participate without serving as lead plaintiff.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Flotek securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

FTK DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Flotek Industries (NYSE: FTK) Investors of Securities Class Action Lawsuit Deadline on October 26, 2026

FTK DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Flotek Industries (NYSE: FTK) Investors of Securities Class Action Lawsuit Deadline on October 26, 2026

SOFIA, Bulgaria (AP) — Presidential race in Bulgaria heads to runoff due to record low turnout.

THIS IS AN APNewsAlert. Check back for updates. AP's earlier story is below.

Bulgarians headed to the polls on Sunday to elect their next president in a campaign centered on growing economic hardship and drone attacks on Black Sea shipping.

The vote will also be the first major test for the Moscow-friendly Progressive Bulgaria party of Prime Minister Rumen Radev after its triumph in parliamentary elections in April.

Despite a record number of candidates, the race is expected to be decided in a runoff between incumbent President Iliana Yotova, backed by Radev’s party, and former caretaker Prime Minister Andrey Gyurov, who is backed by pro-Western opposition parties.

The campaign has focused heavily on Russia’s invasion of Ukraine and the widening hostilities in the Black Sea, where recent drone attacks on commercial vessels off Bulgaria’s coast have heightened security concerns in the European Union and NATO member country.

The strikes have raised concerns over Russia’s intentions to escalate the conflict and prompted the government to ask Bulgaria's partners for assistance to strengthen its maritime security.

Candidates have also sought to address public anxiety over rising energy prices and inflation, as many families, particularly in rural areas, struggle to make ends meet.

Polling stations, which opened at 7 a.m., are to close at 8 p.m., after which initial exit polls will be announced while preliminary results are expected on Monday.

The election will likely go into a runoff as none of the 27 candidates is expected to win outright. Turnout must be above 50% of 6.6 million registered voters, and the winner needs a majority of votes. Projections have Sunday’s turnout at less than 40%, indicating a likely Nov. 1 runoff.

Yotova, a 62-year-old journalist and former member of the European Parliament, is the country's incumbent president and a front-runner in the race.

She previously served as vice president under Radev, during his two terms as head of state. She took over the presidency in January 2026, when Radev stepped down to run for parliament, and is now seeking her own mandate.

She's running as an independent but also has the official backing of Progressive Bulgaria and the Socialist Party, where her career began.

If she wins, Yotova will become Bulgaria’s first elected female president.

Analysts expect her to continue Radev’s policy to keep Bulgaria on its European path but at the same time call for improved relations with Russia and the lifting of sanctions. Both Yotova and Radev have called for a diplomatic solution to end the war in Ukraine.

Addressing supporters at a rally this week, Yotova said she “advocated for peace through negotiations, rather than force”.

Observers say that Yotova’s victory would keep the presidency in the hands of the ruling majority, and such concentration of power could prevent institutions maintaining effective checks and balances on policy decisions.

Yotova's main challenger is economist Andrei Gyurov, a former deputy governor of the central bank and caretaker prime minister who led the country in the early months of 2026. He is supported by the pro-Western reformist opposition.

Gyurov, who has often expressed firm support for Ukraine, signed a security cooperation agreement with Kyiv during his premiership.

“I want Bulgaria to have a voice of its own in Europe. A reliable NATO ally that defends its interests through preparedness, strong diplomacy and a clear position,” he told supporters this week.

Latest opinion polls give Yotova an edge in the first round of the race by giving her between 40 percent and 45 percent, versus Gyurov’s 25-30 %, with a margin of error of 3 percentage points.

But some observers believe that Gyurov could have a better chance in a runoff, where results can be influenced by voters who supported candidates eliminated in the first round.

Presidents in Bulgaria are elected directly for a five-year term and can serve no more than two terms. While the post is primarily ceremonial, the direct election gives the president greater political authority. The president leads the armed forces and can veto legislation, signs international treaties and appoints ambassadors.

Posters featuring independent presidential candidate Andrey Gyurov and his vice-presidential running mate, Georgi Kandev are displayed on screens during their campaign's closing event in Plovdiv, Bulgaria, on Oct. 21, 2026. (AP Photo/Valentina Petrova)

Posters featuring independent presidential candidate Andrey Gyurov and his vice-presidential running mate, Georgi Kandev are displayed on screens during their campaign's closing event in Plovdiv, Bulgaria, on Oct. 21, 2026. (AP Photo/Valentina Petrova)

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