secwatch.observer — SEC 8-K summary
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Issuer:     PureCycle Technologies, Inc. (PCT)
CIK:        0001830033
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0000950170-25-065646
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PureCycle reports first revenue of $1.6M in Q1; Ironton onstream time reaches 90% in April
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- Revenue of approximately $1.6 million in Q1 2025, first reported revenue in company history.
- Sold $30.4M in exempt facility revenue bonds (Series 2020A) for net proceeds of ~$26.8M.
- Raised $33M via private placement of 4.1M shares at ~$8.07 per share.
- Ironton achieved record pellet production and nearly 90% onstream time in April; PureFive resin produced every day in April.
- Successful BOPP film trials with Brückner using 15-50% PureFive Choice blends; new PureFive Choice brand launched.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830033/000095017025065646/0000950170-25-065646-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830033/000095017025065646/pct-20250507.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-065646

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