---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-106348"
form_type: "8-K"
ticker: "PCT"
cik: "0001830033"
company_name: "PureCycle Technologies, Inc."
filed_at: "2024-09-13T23:59:59+00:00"
generated_at: "2026-05-31T04:58:54.622686+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PureCycle raises $90M gross via preferred stock, common stock, and warrants; Ironton reaches 10,000 lbs/hr feed rate

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-106348
- form_type: 8-K
- ticker: PCT
- cik: 0001830033
- company_name: PureCycle Technologies, Inc.
- filed_at: 2024-09-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830033/000095017024106348/0000950170-24-106348-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830033/000095017024106348/pct-20240911.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-106348
- JSON: https://secwatch.observer/filing/0000950170-24-106348.json
- Plain text: https://secwatch.observer/filing/0000950170-24-106348.txt

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