Highest-materiality recent filing
PureCycle Q2 revenue $4.5M (+173% YoY); first P&G deliveries; liquidity $236.9M after capital raise
Revenue $4.5M, up 173% YoY; net loss $142.2M vs $144.2M; operating loss improved to $41.3M.
PureCycle raises $432.5M via convertible notes and stock offering; repurchases $216M of green notes
Issued $287.5M of 4.75% convertible senior notes due 2032 and 19.85M shares of common stock at $8.21 per share.
PureCycle announces $250M convertible note and $145M common stock offerings
Launched concurrent underwritten public offerings of $250M convertible senior notes due 2032 and $145M shares of common stock.
PureCycle Q1 net loss $33.4M; record 8.4M lbs production; revenue grows 5th straight quarter
Net loss of $33.4 million vs. prior-year net income of $8.8 million; adjusted EBITDA -$30.9 million.
PureCycle reduces warrant redemption trigger to $14.38 and extends expiration to March 2027
Consent received from warrant holders: 3,997,627 voted for, 7,433 against, 144,402 abstained.
PureCycle reports record Q4 production 7.5M lbs, $2.7M revenue; appoints new CFO; extends warrants
Record 7.5M pounds PureFive rPP produced in Q4; Denver sorting feedstock up 44% QoQ to 14M lbs.
PureCycle extends project completion date to Dec 2029 and lowers bondholder consent threshold
Seventh Supplemental Indenture dated Dec 26, 2025 amends bond indenture for $219.55M revenue bonds.
PureCycle collaborated with VWGoA Innovation Hub to produce a VW Atlas bumper fascia from 100% post-consumer recycled polypropylene.
PureCycle Q2 update: revenue $1.7M, production 3.4M lbs, $300M capital raise
Revenue of $1.7M in Q2 2025; produced 3.4M lbs of resin.
PureCycle raises $300M via issuance of Series B Convertible Perpetual Preferred Stock
Gross proceeds of $300M from sale of 300,000 shares of Series B Convertible Preferred Stock at $1,000/share.
$300M gross proceeds from 300,000 Series B convertible perpetual preferred shares at $1,000/share; expected close June 20, 2025.
PureCycle reports first revenue of $1.6M in Q1; Ironton onstream time reaches 90% in April
Revenue of approximately $1.6 million in Q1 2025, first reported revenue in company history.
PureCycle operational update: feed rate hits 12,500 lbs/hr, onstream 67%, raises $33M in stock sale
Max feed rate at Ironton reached 12,500 lbs/hr in Feb 2025; onstream time hit 67% in Dec 2024.
PureCycle and Procter & Gamble Amend License Agreement; Waive Claw-Back for North America
P&G permanently waives license claw-back provisions for PureCycle's North American plants.
PureCycle raises $33M in private placement at $8.07/share
Issued 4,091,293 shares at $8.0655 each; gross proceeds ~$33M.
PureCycle corrects Augusta capacity: 2 lines by 2027, not 8; overseas added
Prior slide assumed 8 lines at Augusta by 2027; corrected plans show 2 lines in Augusta and up to 3 overseas.
PureCycle hits Ironton output milestones, raises $112.5M, advances customer trials
Ironton plant: 1M lbs feedstock in a week, 200k lbs in a day, feed rate >10k lbs/hr.
PureCycle and SK geo centric discontinue South Korea JV; cite tech integration challenges
Joint venture to build recycled polypropylene plant at SKGC Ulsan site terminated effective Oct 25, 2024.
Raised $90M gross: $50M Series A Preferred (8% return, 3-yr maturity), 8.5M shares common at $4.69/sh, warrants for 5M shares at $11.50/sh.
PureCycle's Ironton facility achieved highest production month in June with multiple days exceeding 100,000 pounds of pellets.
PureCycle amends bond indenture; raises consent threshold to 75%
Fifth Supplemental Indenture redefines Majority Holders as 75% of Senior Bonds (was majority).
PureCycle subsidiary sells $94.3M bonds to affiliate at 80% of par
PureCycle Technologies LLC sold $94.31M par of Series 2020 bonds to Pure Plastic LLC for $75.448M (80% of par).
PureCycle sells $94.3M bonds at 80% par, prepays $40M term loan with stock warrants
Sold ~$94.3M par of 2020A/B/C bonds to Pure Plastic at $800/$1,000 par (80% of par).
PureCycle Q1 net loss $85.6M; agrees to sell $94.3M bonds to Pure Plastic
Net loss $85.6M ($0.52 diluted share) vs $25.8M ($0.16) in Q1 2023.
PureCycle affiliate buys $246.75M in bonds, amends indenture to release ~$25.4M in reserves
Guarantor purchased $246.75M aggregate principal of outstanding bonds on March 5, 2024, becoming Majority Holder.
PureCycle buys back $246.7M of bonds; Q4 pellet output ~200K lbs, 2024 output exceeds 1M lbs
Purchased ~99% of $249.5M revenue bonds ($246.7M), eliminating substantially all restrictive covenants and defaults.
PureCycle: Ohio LLC to buy bonds at $1,050 per $1,000 principal from majority holders; closing by March 4, 2024.
PureCycle appoints Jaime Vasquez as CFO; Jeff Fieler returns to board
Vasquez appointed CFO effective Feb 19, 2024, replacing interim CFO Jeff Fieler.
PureCycle increases bond purchase price to $1,050/$1,000; eliminates key covenants
Purchase price adjusted from $1,030 to $1,050 per $1,000 principal of Series 2020A Bonds.
On July 8, 2024, Melissa Trednick notified the Company of her resignation as the Company’s Controller and Principal Accounting Officer effective September 30, 2024.
Mr. Vasquez will replace Jeff Fieler, who has been serving as interim Chief Financial Officer since December 1, 2023. Mr. Fieler will continue to serve as a non-independent member of the Board of Directors.
On February 19, 2024, PureCycle Technologies, Inc. (“Company”) appointed Jaime Vasquez, 61, as the Company’s Chief Financial Officer (“CFO”), effective immediately.
On November 27, 2023, the Company reached agreement with Jeff Fieler, 54, an independent member of the Board of Directors (“Board”), to serve as the Company’s interim Chief Financial Officer (“CFO”) while the Company conducts a search for a permanent CFO.
On May 12, 2023, Dr. John Scott advised the Board of his decision to resign from the Board effective immediately due to health-related issues.
On February 14, 2023, Timothy Glockner, a Class I director, advised the Nominating and Corporate Governance Committee of his decision to resign from the Board effective as of the 2023 Annual Meeting of Stockholders.
the Board has appointed Dustin Olson as the Company’s Chief Executive Officer (“CEO”) as of the Effective Date.
On June 24, 2022, Michael Otworth notified the Board of Directors (“Board”) of PureCycle Technologies, Inc. (the “Company’) of his decision to resign as Chairman of the Board and Chief Executive Officer of the Company effective August 5, 2022 (“Effective Date”).
Effective June 1, 2022, the board of directors (the “Board”) of PureCycle Technologies, Inc. (the “Company”), upon the recommendation of the Nominating and Corporate Governance Committee, elected Daniel M. Coombs as a director of the Company.
Pursuant to the Separation Agreement, Mr. Brenner will no longer serve as the Chief Commercial Officer of the Company effective May 13, 2022
On May 10, 2022, the Compensation Committee of the Board (the "Compensation Committee") approved the following changes to the compensation of Dustin Olson in light of his appointment to the position of Chief Operating Officer and Chief Manufacturing Officer:
On March 15, 2022, Richard Brenner informed the Board of Directors (the “Board”) of PureCycle Technologies, Inc. (the “Company” or “PureCycle”) of his resignation from the Board, effective March 15, 2022.
Max materiality 0.90 · Median 0.60 · Most common event other_material