Kaplan Fox Reminds Flotek Industries, Inc. (FTK) Investors with Significant Losses to Seek a Leadership Role Before Deadline on October 26, 2026

Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) on behalf of investors that purchased or otherwise acquired Flotek securities between August 3, 2026 and August 14, 2026 (the "Class Period").

If you are an investor in Flotek and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.

DEADLINE REMINDER : If you are a member of the proposed Class, you may move the court no later than October 26, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.

On August 3, 2026, according to the complaint, Flotek announced it was awarded a 10-year agreement to support a 400 MW natural gas-fired power generation project for the Puerto Rico Electric Power Authority ("PREPA") to help address the island's ongoing energy crisis. Then. on August 17, 2026, according to the complaint, at approximately 1:20 pm EST, Wolfpack Research published a report alleging Flotek's "$400 million contract with PREPA, accounting for ~57% of FTK's backlog, has been canceled." On this news, the price of Flotek stock fell $7.17 per share, or 20%, to close at $28.66 per share on August 17, 2026.

The complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed 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."

Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented. Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America —the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors , and a $475 million settlement in In re Merrill Lynch . For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.