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- Going Concern (new) — The company explicitly lists its ability to continue as a going concern as a risk factor, indicating substantial doubt about its ability to fund operations.
- Related-party (new) — The company will pay $57.0M to affiliated investors to repurchase $50.0M of Green Convertible Notes held by them, using offering proceeds.
- Concentration (new) — The company relies on a single facility for all operations and is substantially dependent on intellectual property licensed from P&G.
- Dilution (new) — New investors face immediate dilution of $5.86 per share, and the dilution calculation excludes many potential shares from warrants, convertible notes, and equity awards.
PureCycle Technologies prices 17.57M share offering at $8.21, raising $136.4M net to repurchase notes
Filed June 12, 2026 · ~1 min read
Key Changes
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PureCycle is selling 17,570,200 shares at $8.21 per share, with an underwriter option for 2,283,800 more.
The Offering verify on EDGAR → -
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Net proceeds to the company are $136.4M, primarily to repurchase $216.0M of Green Convertible Notes for $246.3M.
Use of Proceeds verify on EDGAR → -
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New investors face immediate dilution of $5.86 per share; as-adjusted net tangible book value is $2.35 per share.
Dilution verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify