PureCycle Technologies, Inc. (PCT) Form 424B5 — Jun 12, 2026
PureCycle Technologies (PCT) is offering 17.6 million shares of common stock at $8.21 per share, raising approximately $136 million in net proceeds. Concurrently, the company is issuing $250 million in convertible senior notes. The proceeds from both transactions are primarily intended to repurchase $216 million in principal of its existing 7.25% Green Convertible Notes due 2030 for a cash cost of $246 million. This capital raise addresses significant liquidity needs for a company that has incurred operating losses since inception and carries $404 million in total debt.
Key figures
- Total Debt
- 403835000
- Debt Amount
- 250000000
- Cash Position
- 90213000
- Gross Proceeds
- 144251342
- Offering Price
- 8.21
- Shares Offered
- 17570200
- Green notes maturity
- 2030-08-15
- Note repurchase cost
- 246300000
- Green notes outstanding
- 250000000
- Green notes interest rate
- 7.25
- Note repurchase principal
- 216000000
- Thailand facility investment
- 250000000
- Net operating loss carryforwards
- 800800000
- Shares outstanding post offering
- 198411399
- Concurrent notes max with overallotment
- 287500000
Price after filing
Close on the filing date to close N calendar days later (from $9.02). Historical, not a forecast.
AI analysis
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