---
schema_version: "secwatch.filing_event.v1"
accession: "0001830033-23-000060"
form_type: "8-K"
ticker: "PCT"
cik: "0001830033"
company_name: "PureCycle Technologies, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:43:38.951645+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PureCycle achieves Ironton milestones, extends $150M credit line, targets 50% capacity by September

## Summary
- Achieved first two bondholder milestones: mechanical completion and PIR pellet production at Ironton facility in Q2 2023.
- Expect next milestone: operate at 50% capacity (4.45M lbs UPR resin/month) by September 30, 2023.
- Closed on Augusta, GA land rights for up to eight purification lines; site construction targeted Q4 2023.
- Extended $150M revolving credit line with Sylebra Capital through March 31, 2025.
- Total liquidity $366.3M (cash $28.9M, restricted cash $187.4M, undrawn $150M revolver) as of June 30, 2023.

## SEC filing metadata
- accession: 0001830033-23-000060
- form_type: 8-K
- ticker: PCT
- cik: 0001830033
- company_name: PureCycle Technologies, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830033/000183003323000060/0001830033-23-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830033/000183003323000060/pct-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001830033-23-000060
- JSON: https://secwatch.observer/filing/0001830033-23-000060.json
- Plain text: https://secwatch.observer/filing/0001830033-23-000060.txt

## Key facts
- Earnings Releases
  PureCycle Technologies, Inc. reported financial results for second quarter ended June 30, 2023.
  - Period: second quarter ended June 30, 2023
  - Result: reported results
  source text: On August 8, 2023, 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 second quarter ended June 30, 2023, and certain other information.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830033/000183003323000060/0001830033-23-000060-index.htm

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