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PURECYCLE TECHNOLOGIES WARRANT(PCTTW) - 2025 Q4 - Annual Report
2026-02-26 21:22
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40234 PureCycle Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware State 86-2293091 (I. ...
PURECYCLE TECHNOLOGIES WARRANT(PCTTW) - 2025 Q4 - Annual Results
2026-02-26 21:08
EXHIBIT 10.1 RETIREMENTAGREEMENT This Retirement Agreement (this "Retirement Agreement") between PureCycle Technologies, Inc. (the "Company") and Jaime Vasquez ("you" and similar words) sets forth certain terms of your Retirement from the Company, in order for you to receive certain separation from service payments and benefits, as set forth in detail below. By signing this Retirement Agreement, you and the Company agree as follows: 1. Status of Employment You understand that you are no longer Chief Financi ...
PURECYCLE TECHNOLOGIES WARRANT(PCTTW) - 2025 Q3 - Quarterly Report
2025-11-06 21:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to ________ Commission File Number: 001-40234 PureCycle Technologies, Inc. (State or other jurisdiction of incorporation or organization) (I.R.S. ...
PURECYCLE TECHNOLOGIES WARRANT(PCTTW) - 2025 Q3 - Quarterly Results
2025-11-06 21:09
EXHIBIT 10.1 TENTH AMENDMENT TO CREDIT AGREEMENT This TENTH AMENDMENT TO CREDIT AGREEMENT, dated as of November 4, 2025 (this "Amendment"), is entered into by and among (a) PURECYCLE TECHNOLOGIES, INC., a Delaware corporation (the "Borrower"), (b) PURECYCLE TECHNOLOGIES HOLDINGS CORP., a Delaware Corporation ("Holdings"), (c) PURECYCLE TECHNOLOGIES, LLC, a Delaware limited liability company ("PureCycle LLC"), (d) PURECYCLE AUGUSTA, LLC, a Delaware limited liability company ("PureCycle Augusta" and, together ...
PureCycle Predicts Sales Momentum Heralding Beginning Of A Profitable Business (Upgrade)
Seeking Alpha· 2025-10-28 14:44
In this article, we have changed our rating on NASDAQ-listed shares of PureCycle Technologies, Inc. from “Hold,” which we last assigned on June 21, 2023Alberto holds a Master's degree in Business Economics. During his academic career he acquired an extensive managerial and economic background, with a solid quantitative basis. He covers all sectors and the different types of stocks. Essentially describes a useful investment strategy that fits the profile of any investor, whether they are dividend investors o ...
PURECYCLE TECHNOLOGIES WARRANT(PCTTW) - 2025 Q2 - Quarterly Report
2025-08-07 20:13
Operations and Facilities - PureCycle Technologies, Inc. expects to achieve a capacity of approximately 107 million pounds per year at the Ironton Facility when fully operational [206]. - Construction of a 130.0 million pound polypropylene recycling facility in Thailand is set to begin in the second half of 2025, with operations expected to start in mid-2027 [213]. - A second 130.0 million pound facility is planned for Antwerp, Belgium, with expected operational status in 2028 [213]. - The Augusta, Georgia facility will feature a 300.0 million pound multi-line purification facility, with construction expected to start in mid-2026 and the first purification line operational by 2029 [213]. - The company has a global license for its patented dissolution recycling technology from Procter & Gamble, which was amended to extend construction timelines and exclusivity [206]. Financial Performance - The Company reported revenues of approximately $1.7 million and $3.2 million for the three and six months ended June 30, 2025, marking the first year of meaningful operations and sales [221]. - Cost of operations increased by approximately $7.8 million for the three months and $9.9 million for the six months ended June 30, 2025, compared to the same periods in 2024, driven by higher production-related costs and losses on disposal of fixed assets [222][223]. - Interest expense increased by $5.6 million for both the three and six months ended June 30, 2025, attributed to increased outstanding debt from Revenue Bonds sales [229]. - The fair value of liability-classified warrants increased by approximately $86.7 million and $16.0 million for the three and six months ended June 30, 2025, respectively, due to an increase in the underlying value of common stock [231]. - The Company reported net cash provided by financing activities of approximately $355.6 million for the six months ended June 30, 2025, compared to net cash used of approximately $223.3 million in the prior year [246]. Expenses and Costs - Operating expenses primarily consist of personnel costs and other operational costs, with expectations of increases as operations scale [216]. - Selling, general, and administrative expenses are anticipated to rise as the company scales headcount with business growth [218]. - Research and development expenses focus on developing technology for purifying recycled polypropylene and improving feedstock purity [217]. - Research and development expenses decreased by approximately $0.2 million and $0.5 million for the three and six months ended June 30, 2025, respectively, primarily due to lower employee costs [224][226]. - Selling, general and administrative expenses decreased by approximately $0.3 million and $1.8 million for the three and six months ended June 30, 2025, respectively, mainly due to lower legal costs from prior year settlements [227][228]. Cash and Liquidity - As of June 30, 2025, the Company had approximately $284.1 million in cash and cash equivalents, with an undrawn $200.0 million revolving credit facility [239]. - The Company continues to evaluate strategies to improve liquidity, focusing on operations at the Ironton Facility and the commercialization of the PureFive™ resin product [237]. - Cash used in financing activities for the six months ended June 30, 2024, totaled $253.2 million for purchasing outstanding Revenue Bonds, with $30.0 million proceeds from the sale of revenue bonds during 2024 [249]. - The Company sold $30.5 million par value in Revenue Bonds during the six months ended June 30, 2025 [250]. Internal Controls and Compliance - There have been no significant changes in critical accounting policies and estimates from the previous Annual Report [252]. - Management concluded that disclosure controls and procedures were effective as of June 30, 2025 [256]. - No changes during the reporting period materially affected internal control over financial reporting [257]. - The Company does not anticipate that pending legal matters will have a material adverse effect on its financial position or results of operations [261]. - There have been no material changes in risk factors from the previous Annual Report [262]. - The Company has not adopted or modified any Rule 10b5-1 trading arrangements during the fiscal quarter ended June 30, 2025 [266]. - Recent accounting pronouncements have been assessed for their potential impact on financial condition and results of operations [253].
PURECYCLE TECHNOLOGIES WARRANT(PCTTW) - 2025 Q2 - Quarterly Results
2025-08-07 20:10
CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 7, 2025 PureCycle Technologies, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K Delaware 001-40234 86-2293091 (Commission File Number) (IRS Employer Identification No.) 20 North Orange Avenue, Suite 106 Orlando, Florida 32801 (Ad ...
PURECYCLE TECHNOLOGIES WARRANT(PCTTW) - 2025 Q1 - Quarterly Report
2025-05-07 20:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________to________ Commission File Number: 001-40234 PureCycle Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 86-2293091 (S ...
PURECYCLE TECHNOLOGIES WARRANT(PCTTW) - 2025 Q1 - Quarterly Results
2025-05-07 20:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 7, 2025 PureCycle Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 001-40234 86-2293091 (Commission File Number) (IRS Employer Identification No.) 20 North Orange Avenue, Suite 106 Orlando, Florida 32801 (Address of principal executive offices) (Zip Code) R ...
PURECYCLE TECHNOLOGIES WARRANT(PCTTW) - 2024 Q4 - Annual Report
2025-02-27 14:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40234 PureCycle Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware State 86-2293091 (I. ...