secwatch.observer — SEC 8-K summary
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Issuer:     PureCycle Technologies, Inc. (PCT)
CIK:        0001830033
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000950170-24-122838
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PureCycle hits Ironton output milestones, raises $112.5M, advances customer trials
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- Ironton plant: 1M lbs feedstock in a week, 200k lbs in a day, feed rate >10k lbs/hr.
- New 325k sq ft sorting facility in Denver, PA lifts PP concentration to 90-95%.
- Supplied P&G with compounded resin; production supply expected in Q2/Q3 2025.
- Raised $90M from Sylebra/Samlyn in September and $18M net from bond sale; cash $93.7M.
- Trials underway with major fiber manufacturers and a global automaker for interior/exterior parts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830033/000095017024122838/0000950170-24-122838-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830033/000095017024122838/pct-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-122838

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