{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-061724","form_type":"8-K","ticker":"PCT","cik":"0001830033","company_name":"PureCycle Technologies, Inc.","filed_at":"2025-06-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.000294+00:00","generated_at":"2026-05-19T00:03:11.720342+00:00","sec_items":["3.03","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PureCycle raises $300M via issuance of Series B Convertible Perpetual Preferred Stock","bullets":["Gross proceeds of $300M from sale of 300,000 shares of Series B Convertible Preferred Stock at $1,000/share.","Initial conversion price of $14.02 per share, a 30% premium to the 10-day VWAP before the subscription agreements.","Cumulative dividends accrue at 7% per annum, payable in kind or cash at the Company's option.","Series B Preferred ranks senior to common stock but junior to existing Series A Preferred and all indebtedness.","Registration statement for resale of conversion shares must be filed within 30 days of closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-061724","json":"https://secwatch.observer/filing/0001104659-25-061724.json","markdown":"https://secwatch.observer/filing/0001104659-25-061724.md","text":"https://secwatch.observer/filing/0001104659-25-061724.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1830033/000110465925061724/0001104659-25-061724-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1830033/000110465925061724/tm2518118d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T00:03:11.720342+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}