---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-060075"
form_type: "8-K"
ticker: "PCT"
cik: "0001830033"
company_name: "PureCycle Technologies, Inc."
filed_at: "2025-06-17T23:59:59+00:00"
generated_at: "2026-05-19T05:03:56.010325+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PureCycle raises $300M via Series B convertible preferred; outlines 1B lb capacity by 2030 with $600M EBITDA target

## Summary
- $300M gross proceeds from 300,000 Series B convertible perpetual preferred shares at $1,000/share; expected close June 20, 2025.
- Conversion price $14.02 (30% premium to 10-day VWAP); 7% cumulative dividend payable in kind or cash at company's option.
- Growth plan targets 1B lbs installed capacity by 2030 with $600M/yr EBITDA; IRPC partnership for 130M lb Thailand facility, operational mid-2027.
- CEO Dustin Olson employment agreement: $773k base salary, 200,000 fully vested common shares granted.

## SEC filing metadata
- accession: 0001104659-25-060075
- form_type: 8-K
- ticker: PCT
- cik: 0001830033
- company_name: PureCycle Technologies, Inc.
- filed_at: 2025-06-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830033/000110465925060075/0001104659-25-060075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830033/000110465925060075/tm2518118d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-060075
- JSON: https://secwatch.observer/filing/0001104659-25-060075.json
- Plain text: https://secwatch.observer/filing/0001104659-25-060075.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.