secwatch.observer — SEC 8-K summary
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Issuer:     PureCycle Technologies, Inc. (PCT)
CIK:        0001830033
Form:       8-K
Filed at:   2026-06-15T21:23:45+00:00
Accession:  0001193125-26-271316
Event type: debt
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PureCycle raises $432.5M via convertible notes and stock offering; repurchases $216M of green notes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830033/000119312526271316/0001193125-26-271316-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830033/000119312526271316/d120518d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-271316

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer