---
schema_version: "secwatch.filing_event.v1"
accession: "0001830033-24-000022"
form_type: "8-K"
ticker: "PCT"
cik: "0001830033"
company_name: "PureCycle Technologies, Inc."
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T04:02:38.655234+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PureCycle buys back $246.7M of bonds; Q4 pellet output ~200K lbs, 2024 output exceeds 1M lbs

## Summary
- Purchased ~99% of $249.5M revenue bonds ($246.7M), eliminating substantially all restrictive covenants and defaults.
- Ironton facility produced ~200,000 lbs of pellets in Q4 2023 due to downtime and planned outage.
- Production improved to over 1M lbs in first two months of 2024 as corrective engineering upgrades commenced.
- Management cites co-product displacement limitation; work on upgrade has begun and expects continued progress toward commercial operations.
- No detailed financial results (revenue, EPS) provided; update focuses on operational milestones and capital structure improvement.

## SEC filing metadata
- accession: 0001830033-24-000022
- form_type: 8-K
- ticker: PCT
- cik: 0001830033
- company_name: PureCycle Technologies, Inc.
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830033/000183003324000022/0001830033-24-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830033/000183003324000022/pct-20240305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001830033-24-000022
- JSON: https://secwatch.observer/filing/0001830033-24-000022.json
- Plain text: https://secwatch.observer/filing/0001830033-24-000022.txt

## Key facts
- Earnings Releases
  PureCycle Technologies, Inc. reported financial results for the fourth quarter and fiscal year ended December 31, 2023.
  - Period: the fourth quarter and fiscal year ended December 31, 2023
  - Result: reported results
  source text: On March 5, 2024, 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 fourth quarter and fiscal year ended December 31, 2023, and certain other information.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830033/000183003324000022/0001830033-24-000022-index.htm

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