---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-053959"
form_type: "8-K"
ticker: "PCT"
cik: "0001830033"
company_name: "PureCycle Technologies, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:54:02.356822+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PureCycle Q1 net loss $85.6M; agrees to sell $94.3M bonds to Pure Plastic

## Summary
- Net loss $85.6M ($0.52 diluted share) vs $25.8M ($0.16) in Q1 2023.
- Loss includes $21.2M from bond purchase, $9.1M non-cash warrant change, $8.0M higher depreciation.
- Ironton facility paused in April for improvements; restarting operations expected this week.
- Agreed to sell $94.3M par value of bonds to Pure Plastic at $800/$1,000; Term Loan deemed prepaid.
- Will issue ~3.1M Series B warrants at $11.50 to satisfy prepayment premium on Term Loan.

## SEC filing metadata
- accession: 0000950170-24-053959
- form_type: 8-K
- ticker: PCT
- cik: 0001830033
- company_name: PureCycle Technologies, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830033/000095017024053959/0000950170-24-053959-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830033/000095017024053959/pct-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-053959
- JSON: https://secwatch.observer/filing/0000950170-24-053959.json
- Plain text: https://secwatch.observer/filing/0000950170-24-053959.txt

## Key facts
- Earnings Releases
  PureCycle Technologies, Inc. reported first quarter ended March 31, 2024 results: net income net loss of $85.6 million, EPS $0.52 per diluted share.
  - Period: first quarter ended March 31, 2024
  - Net income: net loss of $85.6 million
  - EPS: $0.52 per diluted share
  - Result: reported results
  source text: The Company reported a net loss of $85.6 million, or $0.52 per diluted share of common stock, for the first quarter of 2024, compared to a net loss of $25.8 million, or $0.16 per diluted share, for the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830033/000095017024053959/0000950170-24-053959-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.