secwatch.observer — SEC 8-K summary
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Issuer:     PureCycle Technologies, Inc. (PCT)
CIK:        0001830033
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0000950170-25-028344
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PureCycle operational update: feed rate hits 12,500 lbs/hr, onstream 67%, raises $33M in stock sale
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- Max feed rate at Ironton reached 12,500 lbs/hr in Feb 2025; onstream time hit 67% in Dec 2024.
- First major sale to Drake Extrusion for continuous filament yarn; trials for staple fiber underway.
- Partnerships with P&G for Old Spice, Febreze, Tide, Cascade, Metamucil; first production expected Q2/Q3 2025.
- Churchill Container launched "Run It Back" cups using up to 100% PureFive resin; over 10 teams interested.
- Raised ~$33M via sale of 4.1M shares to Pleiad, Sylebra, Samlyn on Feb 6, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830033/000095017025028344/0000950170-25-028344-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830033/000095017025028344/pct-20250227.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-028344

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