secwatch.observer — SEC 8-K summary
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Issuer:     PureCycle Technologies, Inc. (PCT)
CIK:        0001830033
Form:       8-K/A
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0001104659-24-127816
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PureCycle corrects Augusta capacity: 2 lines by 2027, not 8; overseas added
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- Prior slide assumed 8 lines at Augusta by 2027; corrected plans show 2 lines in Augusta and up to 3 overseas.
- Ironton Q3 2024 rPP pellet production reached 3.5M lbs; CP2 recovery rates up to 15K lbs/day.
- Cash, cash equivalents and restricted cash over $215M; undrawn $150M revolver available.
- FDA Letter of No Objection received for UPR resin across all food-grade conditions of use.
- Commercial sales expected to begin in Q1 2025; customer approvals secured for film, fiber, injection molding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830033/000110465924127816/0001104659-24-127816-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830033/000110465924127816/tm2430860d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-127816

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