← Back to PRCT filing summaryThis is the extracted source text from the SEC filing. Formatting may differ from the original document.
On July 24, 2026, a putative securities class action complaint was filed in the U.S. District Court for the Northern District of California against us and certain of our current and former executive officers, captioned Operating Engineers Construction Industry and Miscellaneous Pension Fund v. PROCEPT BioRobotics Corporation, et al., No. 5:26-cv-07691. The complaint purports to assert claims on behalf of persons who purchased or otherwise acquired our common stock between February 28, 2024 and February 25, 2026. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, alleging that the defendants made materially false and misleading statements and omitted material adverse facts regarding, among other things, handpiece sales, procedure volumes, discounting practices and related financial guidance. The plaintiff seeks unspecified compensatory damages, reasonable costs and expenses, including counsel fees and expert fees and other relief.
The litigation is at an early stage, and we are unable to predict its outcome or reasonably estimate the amount or range of any potential loss. We believe that we have meritorious defenses and intend to defend the case vigorously. Failure to obtain a favorable resolution of this matter could have a material adverse effect on our business, results of operations or financial condition.
In addition, from time to time, we may be involved in other legal proceedings arising in the ordinary course of our business. Regardless of outcome, litigation can have an adverse impact on us due to defense and settlement costs, diversion of management resources, negative publicity and reputation harm, and other factors.