secwatch.observer — SEC 8-K summary
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Issuer:     PureCycle Technologies, Inc. (PCT)
CIK:        0001830033
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0000950170-25-025250
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud

PureCycle and Procter & Gamble Amend License Agreement; Waive Claw-Back for North America
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- P&G permanently waives license claw-back provisions for PureCycle's North American plants.
- Construction deadlines extended: Europe/Asia by Dec 31, 2027; Greater China/Latin America by Dec 31, 2032; Africa by Dec 31, 2037; sales deadlines respectively in 2030, 2035, 2040.
- Amendment defines a plant as a single site with multiple purification lines and limits royalties to pro-rata recycled polypropylene in compounded products.
- PureCycle LLC granted consent to assign the license agreement to PureCycle Technologies, Inc. without P&G's approval.
- PureCycle agrees to release Koch Modular Process Systems from restrictions to consult P&G on polyethylene dissolution recycling.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830033/000095017025025250/0000950170-25-025250-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830033/000095017025025250/pct-20250224.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-025250

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