Deadline Alert: Flotek Industries, Inc. Investors Have Until October 26, 2026 to Seek Lead Plaintiff Role in Securities Fraud Class Action, Glancy Prongay Wolke & Rotter LLP Reminds Intrado

LOS ANGELES, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Investors in Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) have until October 26, 2026 to ask the Court to appoint them lead plaintiff in a securities fraud class action lawsuit filed on behalf of investors who purchased or otherwise acquired Flotek Industries, Inc. securities between August 3, 2026 and August 19, 2026, inclusive. Glancy Prongay Wolke & Rotter LLP ("Glancy") today reminded investors of the upcoming deadline. The Flotek Industries, Inc. case, Bashir v. Flotek Industries, Inc., et al., was filed on August 26, 2026 and is pending in the U.S. District Court for the Southern District of New York (Case No. 1:26-cv-07285).

Investors who suffered losses on Flotek Industries, Inc. investments can contact Glancy about the Flotek Industries, Inc. class action to learn about potentially pursuing claims under the federal securities laws before the October 26, 2026 deadline.

Deadline and key dates for Flotek Industries, Inc. investors

Lead plaintiff deadline: October 26, 2026
Class period: August 3, 2026 to August 19, 2026, inclusive
Complaint filed: August 26, 2026
Court: U.S. District Court for the Southern District of New York

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 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.

What does the Flotek Industries, Inc. complaint allege?

The Flotek Industries, Inc. securities lawsuit alleges that, throughout the class period, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Flotek Industries, Inc.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose to investors that: (1) there were credible reasons to doubt the experience, organization, and financial capacity of the consortium parties to PREPA's power generation project; (2) as a result, there was a risk that revenue from the PREPA contract would not be realized; and (3) as a result, defendants' positive statements about Flotek Industries, Inc.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Investors who purchased or otherwise acquired Flotek Industries, Inc. securities during the class period may move the Court no later than October 26, 2026 to request appointment as lead plaintiff in this putative class action lawsuit.

"The complaint filed against Flotek Industries, Inc. alleges that, among other things, the Company failed to disclose that there were credible reasons to doubt the experience, organization, and financial capacity of the consortium parties to PREPA's power generation project. Investors who want to help lead this case must ask the Court by October 26, 2026, and that date is coming soon," said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP.

What's the next step?

Glancy Prongay Wolke & Rotter LLP is a leading national shareholder rights law firm that can help Flotek Industries, Inc. investors evaluate potential claims to recover their losses. Investors who wish to serve as lead plaintiff in the Flotek Industries, Inc. class action must move the Court by October 26, 2026. To learn more, visit the Flotek Industries, Inc. case page, email shareholders@glancylaw.com, or call 310-201-9150 (toll-free: 888-773-9224).

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

To be a member of the Flotek Industries, Inc. class, you need not take any action at this time. You may retain counsel of your choice or take no action and remain an absent class member. No class has been certified yet in the Flotek Industries, Inc. case.

Frequently Asked Questions

Who is eligible? Investors who purchased or otherwise acquired Flotek Industries, Inc. securities between August 3, 2026 and August 19, 2026 and suffered losses may be members of the proposed class in the Flotek Industries, Inc. shareholder lawsuit.

When is the Flotek Industries, Inc. lead plaintiff deadline? Motions to serve as lead plaintiff in the Flotek Industries, Inc. class action must be filed with the U.S. District Court for the Southern District of New York by October 26, 2026.

What if I miss the Flotek Industries, Inc. deadline? After October 26, 2026, investors generally can no longer ask to be appointed lead plaintiff, but Flotek Industries, Inc. investors may still remain class members. Their ability to share in any future recovery does not depend on serving as lead plaintiff.

What is a lead plaintiff? In the Flotek Industries, Inc. class action, the lead plaintiff is the investor, or group of investors, that the court appoints to represent all class members and oversee the case. Under the Private Securities Litigation Reform Act, courts generally presume the movant with the largest financial interest is the most adequate lead plaintiff.

Does it cost anything to contact Glancy or participate in this action? Glancy represents Flotek Industries, Inc. investors on a contingency fee basis, which means investors pay no attorneys' fees unless there is a recovery. Any fees are subject to court approval and are paid from the recovery.

Why work with Glancy on the Flotek Industries, Inc. lawsuit? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the Flotek Industries, Inc. class action. Prior results do not guarantee a similar outcome.

About Glancy Prongay Wolke & Rotter LLP

Glancy was named one of Law360's Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025.

Glancy's successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.

Prior results do not guarantee a similar outcome.

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Contact

Charles H. Linehan
Glancy Prongay Wolke & Rotter LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Email: shareholders@glancylaw.com
Telephone: 310-201-9150 | Toll-free: 888-773-9224
www.glancylaw.com

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