{"schema_version":"secwatch.filing_event.v1","accession":"0001830033-23-000067","form_type":"8-K","ticker":"PCT","cik":"0001830033","company_name":"PureCycle Technologies, Inc.","filed_at":"2023-08-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.552401+00:00","generated_at":"2026-06-11T04:19:37.554174+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PureCycle issues $250M of 7.25% Green Convertible Notes due 2030, net proceeds $219.25M","bullets":["$250M aggregate principal of 7.25% Green Convertible Senior Notes due 2030, issued at 90% of par ($900 per $1,000).","Net proceeds of approx. $219.25M after discounts and fees; allocated to Augusta, GA multi-line purification facility and green projects.","Conversion price ~$14.82/share, a ~50% premium over $9.88 closing price; holders may convert at any time before maturity.","Entities affiliated with Sylebra Capital purchased $50M of the Notes.","No redemption before Aug 20, 2025; thereafter redeemable if stock exceeds 130% of conversion price for 20 of 30 trading days."],"urls":{"canonical":"https://secwatch.observer/filing/0001830033-23-000067","json":"https://secwatch.observer/filing/0001830033-23-000067.json","markdown":"https://secwatch.observer/filing/0001830033-23-000067.md","text":"https://secwatch.observer/filing/0001830033-23-000067.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1830033/000183003323000067/0001830033-23-000067-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1830033/000183003323000067/pct-20230824.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T04:19:37.554174+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":"86457331f197be2bfb58b1c5bcf57d4b0a896df9","claim":"PureCycle Technologies, Inc. incurred convertible notes of $250.0 million at 7.25% per annum maturing August 15, 2030.","evidence_excerpt":"amount of the 7.25% Green Convertible Senior Notes due 2030 (together with the “Initial Notes”, the “Notes”), bringing the total aggregate principal amount of the Notes to $250.0 million. On August 24, 2023, the Company completed the private offering of the Notes. Each $1,000 principal amount at maturity of the Notes was issued at a price of $900. An amount equal","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830033/000183003323000067/0001830033-23-000067-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$250.0 million"},{"label":"Rate","value":"7.25% per annum"},{"label":"Maturity","value":"August 15, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"198cfab73fb09a5d3f2561c175289d4c7a621cf0","claim":"PureCycle Technologies, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $250.0 million (effective 2023-08-24).","evidence_excerpt":"In connection with the issuance of the Notes, the Company entered into an Indenture, dated August 24, 2023 (the “Indenture”), with U.S. Bank Trust Company, National Association, as trustee.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830033/000183003323000067/0001830033-23-000067-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$250.0 million"},{"label":"Effective","value":"2023-08-24"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}