{"schema_version":"secwatch.filing_event.v1","accession":"0001830033-23-000077","form_type":"8-K","ticker":"PCT","cik":"0001830033","company_name":"PureCycle Technologies, Inc.","filed_at":"2023-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.831711+00:00","generated_at":"2026-06-08T10:37:23.969314+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"PureCycle misses Ironton milestone, secures bondholder waiver; raises $250M convertible notes","bullets":["Processed 409k lbs of feed; sent first commercial UPR resin shipments to Formerra and Milliken.","Unable to complete third bondholder milestone (4.45M lbs in 30 days) by Sep 30; new milestone Dec 31.","Negotiated Limited Waiver: extends milestones 3 months in exchange for $50M cash collateral; expected execution this week.","Raised $250M gross proceeds via 7.25% Green Convertible Senior Notes due 2030; net $218.5M.","Q3 net loss of $23.4M (subsidiary) vs $4.7M YoY; operating costs surged to $17.3M; zero hours of beneficial operations."],"urls":{"canonical":"https://secwatch.observer/filing/0001830033-23-000077","json":"https://secwatch.observer/filing/0001830033-23-000077.json","markdown":"https://secwatch.observer/filing/0001830033-23-000077.md","text":"https://secwatch.observer/filing/0001830033-23-000077.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1830033/000183003323000077/0001830033-23-000077-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1830033/000183003323000077/pct-20231107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T10:37:23.969314+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":"c454e8c6188084749ae5053e0031166222f2713a","claim":"PureCycle Technologies, Inc. reported financial results for third quarter ended September 30, 2023.","evidence_excerpt":"On November 7, 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 third quarter ended September 30, 2023, and certain other information.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830033/000183003323000077/0001830033-23-000077-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}