secwatch.observer — SEC 8-K summary
======================================

Issuer:     PureCycle Technologies, Inc. (PCT)
CIK:        0001830033
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000950170-24-093330
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PureCycle Technologies reports Q2 2024 progress with highest production month in June and $18M bond sale
--------------------------------------------------------------------------------

- PureCycle's Ironton facility achieved highest production month in June with multiple days exceeding 100,000 pounds of pellets.
- Company sold $22.5M notional of Southern Ohio Port Authority Revenue Bonds for $18M cash proceeds.
- PureCycle received first orders for compounded PureFive material and is working with compounding partners.
- Installed one optical flake-sorting line to reduce CP2; second larger line expected by end of September, combined output over 4M lbs/month.
- Ended Q2 2024 with $10.9M unrestricted cash; CP2 recovery system remains a limiting factor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830033/000095017024093330/0000950170-24-093330-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830033/000095017024093330/pct-20240808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-093330

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer