{"schema_version":"secwatch.filing_event.v1","accession":"0001830033-22-000024","form_type":"8-K","ticker":"PCT","cik":"0001830033","company_name":"PureCycle Technologies, Inc.","filed_at":"2022-05-12T23:59:59+00:00","discovered_at":"2026-05-14T18:04:02.669790+00:00","generated_at":"2026-06-25T19:13:28.561279+00:00","sec_items":["2.02","7.01","5.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"medium","headline":"PureCycle updates Q1: Ironton budget overrun $55-65M; CCO departs; Augusta on track","bullets":["Ironton flagship facility budget raised by $55-65M to $297-307M due to inflation; mechanical completion targeted early Q4 2022.","Chief Commercial Officer David Brenner separated effective May 13; last employment day Sept 30 or earlier at Company's option.","Augusta Phase 1 (260M lbs/yr) on track for startup Q4 2023; 70% allocated via multi-year offtake, 75% feedstock under LOI.","Total liquidity $609.9M ($418M cash + $191.9M restricted cash); debt $255.7M as of March 31, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001830033-22-000024","json":"https://secwatch.observer/filing/0001830033-22-000024.json","markdown":"https://secwatch.observer/filing/0001830033-22-000024.md","text":"https://secwatch.observer/filing/0001830033-22-000024.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1830033/000183003322000024/0001830033-22-000024-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1830033/000183003322000024/pct-20220511.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T19:13:28.561279+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":"443c8684a9","claim":"David W. Brenner departed as Chief Commercial Officer at PureCycle Technologies, Inc..","evidence_excerpt":"Pursuant to the Separation Agreement, Mr. Brenner will no longer serve as the Chief Commercial Officer of the Company effective May 13, 2022","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830033/000183003322000024/0001830033-22-000024-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"separated"},{"label":"Role","value":"Chief Commercial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}