PureCycle Technologies, Inc. (PCT) Form 424B5 — Jun 10, 2026
PureCycle Technologies (PCT) is offering $145 million of common stock in a public offering, with Morgan Stanley acting as sole bookrunner. The offering is concurrent with a separate $250 million offering of convertible senior notes, which may increase to $287.5 million if the over-allotment option is exercised. The company intends to use the net proceeds from both offerings to repurchase a portion of its existing 7.25% Green Convertible Notes due 2030, which have $250 million outstanding. This debt refinancing aims to reduce interest costs and simplify the capital structure, though the new convertible notes will introduce significant potential dilution.
Key figures
- Total Debt
- $403,835,000
- Debt Amount
- $250,000,000
- Cash Position
- $90,213,000
- Gross Proceeds
- $145,000,000
- Shares Offered
- $145,000,000
- Shares Outstanding
- 180,841,199
- Last stock price
- $10.80
- Concurrent notes max
- $287,500,000
- Green notes maturity
- August 15, 2030
- Green notes outstanding
- $250,000,000
- Underwriter option value
- $18,750,000
- Green notes interest rate
- 7.25%
Price after filing
Close on the filing date to close N calendar days later (from $10.79). Historical, not a forecast.
AI analysis
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