other material
confidence high
sentiment neutral
materiality 0.60
PureCycle raises $33M in private placement at $8.07/share
PureCycle Technologies, Inc.
- Issued 4,091,293 shares at $8.0655 each; gross proceeds ~$33M.
- Investors include affiliates of Sylebra Capital, Pleiad Asia, and Samlyn Capital.
- Capital to support commercialization of dissolution recycling technology.
- Company agreed to file resale registration statement within 60 days.
- Seventh Amendment to credit agreement executed to permit the offering.