secwatch.observer — SEC 8-K summary
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Issuer:     PureCycle Technologies, Inc. (PCT)
CIK:        0001830033
Form:       8-K
Filed at:   2025-06-17T23:59:59+00:00
Accession:  0001104659-25-060075
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830033/000110465925060075/0001104659-25-060075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830033/000110465925060075/tm2518118d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-060075

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