other material
confidence high
sentiment positive
materiality 0.75
PureCycle raises $90M gross via preferred stock, common stock, and warrants; Ironton reaches 10,000 lbs/hr feed rate
PureCycle Technologies, Inc.
- Raised $90M gross: $50M Series A Preferred (8% return, 3-yr maturity), 8.5M shares common at $4.69/sh, warrants for 5M shares at $11.50/sh.
- Ironton facility feed rate >10,000 lbs/hr and processed >200,000 lbs in a day; targeting 1M lbs/week in Q3.
- Sylebra's $200M credit facility extended to March 31, 2026; lenders include affiliates of Sylebra.
- Compounded ~500k lbs to date, plan 1M lbs in Sept and >3M lbs/month in Q4; initial Q3 sales, Q4 revenue ramp.