{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-271316","form_type":"8-K","ticker":"PCT","cik":"0001830033","company_name":"PureCycle Technologies, Inc.","filed_at":"2026-06-15T21:23:45+00:00","discovered_at":"2026-06-15T21:26:00.346765+00:00","generated_at":"2026-06-15T21:27:04.509663+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"PureCycle raises $432.5M via convertible notes and stock offering; repurchases $216M of green notes","bullets":["Issued $287.5M of 4.75% convertible senior notes due 2032 and 19.85M shares of common stock at $8.21 per share.","Net proceeds of approximately $432.5M; used ~$246.3M to repurchase ~$216M aggregate principal of 7.25% Green Convertible Notes due 2030.","Repurchased green notes from holders including affiliates of Daniel Gibson and Sylebra Capital Management, both >5% beneficial owners.","Directors and executive officers entered into 60-day lock-up agreements restricting sales of common stock.","Notes mature July 1, 2032, convertible at ~$11.08 per share, a 35% premium over the stock offering price."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-271316","json":"https://secwatch.observer/filing/0001193125-26-271316.json","markdown":"https://secwatch.observer/filing/0001193125-26-271316.md","text":"https://secwatch.observer/filing/0001193125-26-271316.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1830033/000119312526271316/0001193125-26-271316-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1830033/000119312526271316/d120518d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T21:27:04.509663+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":[{"claim_id":"4ab6b31ff2627b90c3d4159355ccd2873c54fe54","claim":"PureCycle Technologies, Inc. incurred convertible notes of $287.5 million with U.S. Bank Trust Company, National Association at 4.75% per annum maturing July 1, 2032.","evidence_excerpt":"the Notes Underwriters exercised in full on June 11, 2026, bringing the total aggregate principal amount of the Notes issued and sold to the Notes Underwriters in the Notes Offering to $287.5 million. The Notes Offering closed on June 15, 2026.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830033/000119312526271316/0001193125-26-271316-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$287.5 million"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"4.75% per annum"},{"label":"Maturity","value":"July 1, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"284875adb050a4ca2b5cc8cd2d589f36c9e64f24","claim":"PureCycle Technologies, Inc. entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at 4.75% convertible senior notes due 2032 with aggregate principal amount of $287.5 million (effective 2026-06-15).","evidence_excerpt":"the Company entered into an Indenture, dated June 15, 2026 (the “Base Indenture”), among the Company and U.S. Bank Trust Company, National Association, as trustee, as supplemented by a first supplemental indenture, dated June 15, 2026 (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830033/000119312526271316/0001193125-26-271316-index.htm","confidence":1.0,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association, as trustee"},{"label":"Value","value":"4.75% convertible senior notes due 2032 with aggregate principal amount of $287.5 million"},{"label":"Effective","value":"2026-06-15"}],"fact_type":"material_agreement"},{"claim_id":"f084e86f393dd6a52360b2e3c4af266fbe46d2ae","claim":"PureCycle Technologies, Inc. entered into Notes Underwriting Agreement with Morgan Stanley & Co. LLC, as representative of the several underwriters valued at $287.5 million aggregate principal amount of 4.75% convertible senior notes due 2032 (effective 2026-06-10).","evidence_excerpt":"On June 10, 2026, PureCycle Technologies, Inc. (the “Company”) entered into an underwriting agreement (the “Notes Underwriting Agreement”) with Morgan Stanley & Co. LLC, as representative (in such capacity, the “Notes Representative”) of the several underwriters named in Schedule I thereto (the “Notes Underwriters”) pursuant to which the Company agreed to issue and sell to the Notes Underwriters $250.0 million aggregate principal amount of the Company’s 4.75% convertible senior notes due 2032 (the “Initial Notes”) in a registered offering under the Securities Act (as defined below) (the “Notes Offering”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830033/000119312526271316/0001193125-26-271316-index.htm","confidence":1.0,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Morgan Stanley & Co. LLC, as representative of the several underwriters"},{"label":"Value","value":"$287.5 million aggregate principal amount of 4.75% convertible senior notes due 2032"},{"label":"Effective","value":"2026-06-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}