Core Viewpoint - PureCycle Technologies has experienced a significant stock surge following a major investment announcement, indicating strong investor confidence in the company's growth potential and expansion plans [1][5]. Funding and Investment - PureCycle has raised $300 million through convertible preferred stock, which offers a 7% coupon and converts to common equity at a 30% premium to the stock's 10-day volume-weighted average price prior to the announcement [2]. - Notable investors in this funding round include Sylebra Capital Management, Samlyn Capital, and Stanley Druckenmiller's Duquesne Family Office, among others [2]. Expansion Plans - The company plans to expand its second U.S. facility in Augusta and construct two new international recycling plants in Thailand and Antwerp, with funding allocated for these developments [3]. - PureCycle anticipates generating $600 million in annual EBITDA by 2030 once the new facilities are fully operational [3]. Market Performance - Following the investment announcement, PureCycle's stock price increased significantly, nearing the preferred shares conversion threshold, driven by robust expansion plans and notable investor participation [5]. - The company's market capitalization is approximately $2.6 billion, which will increase by another $300 million upon conversion of the preferred shares to common stock [6].