PureCycle reports record Q4 production 7.5M lbs, $2.7M revenue; appoints new CFO; extends warrants
PureCycle Technologies, Inc.
- Record 7.5M pounds PureFive rPP produced in Q4; Denver sorting feedstock up 44% QoQ to 14M lbs.
- Q4 revenue $2.7M (4th consecutive quarterly growth); total cash $181.6M; core ops spending $8-9M/month.
- Gen-2 design shows capex approaching $1-1.50/lb; cash costs expected below virgin polypropylene.
- Donald Carpenter appointed CFO effective March 1, 2026; Jaime Vasquez retiring.
- Public/private warrants extended to June 17, 2026; Series A warrants extended to March 17, 2027, redemption trigger lowered to $14.38.