---
schema_version: "secwatch.filing_event.v1"
accession: "0001830033-22-000058"
form_type: "8-K"
ticker: "PCT"
cik: "0001830033"
company_name: "PureCycle Technologies, Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:52:30.721975+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PureCycle delays Ironton start to Q1 2023, JV with SK geo centric, financing deadline Dec 31

## Summary
- Ironton flagship facility now targeting mechanical completion and pellet production in Q1 2023 (delayed); budget increased to ~$317M.
- Finalized 50/50 JV with SK geo centric for a 130M lb/yr PP purification facility in Ulsan, South Korea; production expected H2 2025.
- Augusta lines 1 and 2 overcommitted at 111% of nameplate capacity via multi-year offtake; mechanical completion expected H2 2024 subject to financing.
- Financing for Augusta and three PreP facilities targeted by year-end; AEDA may terminate MOU if financing not obtained by Dec 31, 2022.
- A feedstock supplier/offtake customer of Ironton seeks termination; Company disputes; $12.4M reimbursement from bond funds pending Trustee investigation.

## SEC filing metadata
- accession: 0001830033-22-000058
- form_type: 8-K
- ticker: PCT
- cik: 0001830033
- company_name: PureCycle Technologies, Inc.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830033/000183003322000058/0001830033-22-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830033/000183003322000058/pct-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001830033-22-000058
- JSON: https://secwatch.observer/filing/0001830033-22-000058.json
- Plain text: https://secwatch.observer/filing/0001830033-22-000058.txt

## Key facts
- Earnings Releases
  PureCycle Technologies, Inc. reported financial results for the third quarter ending September 30, 2022.
  - Period: the third quarter ending September 30, 2022
  - Result: reported results
  source text: On November 9, 2022, PureCycle Technologies, Inc. (the “Company”) issued a press release, attached hereto as Exhibit 99.1 and incorporated herein by reference, announcing the Company’s financial results for the third quarter of 2022 and certain other information.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830033/000183003322000058/0001830033-22-000058-index.htm

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