secwatch.observer — SEC 8-K summary
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Issuer:     PureCycle Technologies, Inc. (PCT)
CIK:        0001830033
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0000950170-24-068027
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PureCycle subsidiary sells $94.3M bonds to affiliate at 80% of par
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- PureCycle Technologies LLC sold $94.31M par of Series 2020 bonds to Pure Plastic LLC for $75.448M (80% of par).
- Pure Plastic LLC is an affiliate that beneficially owns >5% of PureCycle common stock.
- Amendment replaced bonds not accepted by DTC with other bonds; total par and cash unchanged.
- Transaction closed on May 28, 2024, with proceeds used for general corporate purposes (implied).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830033/000095017024068027/0000950170-24-068027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830033/000095017024068027/pct-20240528.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-068027

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