---
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"
generated_at: "2026-05-19T00:03:11.720342+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PureCycle raises $300M via issuance of Series B Convertible Perpetual Preferred Stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.03, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-061724
- JSON: https://secwatch.observer/filing/0001104659-25-061724.json
- Plain text: https://secwatch.observer/filing/0001104659-25-061724.txt

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