Purecycle Technologies, INC 8-K filings

PureCycle Technologies and SK geo centric have mutually agreed to end their joint venture for a polypropylene purification plant in Ulsan, South Korea, due to project execution challenges.

PureCycle Technologies has secured waivers from Series A preferred stockholders, altering their redemption and return payment rights.

PureCycle Technologies has secured $90 million in financing through a private placement and has achieved significant production milestones at its Ironton facility.

PureCycle Technologies reported significant progress in production and commercialization during the second quarter of 2024, including a record production month in June and the first orders for its compounded PureFive material.

PureCycle Technologies has appointed Daniel Coombs as non-executive chairman of the board, effective August 5, 2024, following the completion of his term as Executive Chair.

PureCycle Technologies' Controller and Principal Accounting Officer, Melissa Trednick, has resigned effective September 30, 2024, and will transition to a consulting role.

PureCycle Technologies has amended its bond indenture, increasing the threshold for bondholder consent on key decisions, providing the company with greater financial flexibility.

PureCycle Technologies will participate in Stifel's 2024 Cross Sector Insight Conference on June 5, 2024, to discuss their business and technology.

PureCycle Technologies LLC, a subsidiary of PureCycle Technologies, Inc., completed the sale of approximately $94.3 million in bonds to Pure Plastic LLC, an affiliate, at a discounted price.

PureCycle Technologies executed a series of agreements to restructure its debt, including a bond purchase and the extinguishment of a term loan, while issuing warrants to a related party.

PureCycle Technologies announced its first quarter 2024 financial results, highlighted by a net loss, operational improvements at its Ironton facility, and a significant bond sale agreement.

PureCycle Technologies will temporarily halt operations at its Ironton, Ohio facility starting April 1, 2024, for planned improvements.

PureCycle Technologies has amended its bond agreement, releasing over $25 million from reserve funds to support its Ironton recycling facility.

PureCycle Technologies held an investor showcase at its Ironton, Ohio facility, featuring a tour and presentation on its recycling technology.

PureCycle Technologies reports progress at its Ironton facility, achieving higher production rates and purchasing a significant portion of its revenue bonds to improve its capital structure.

PureCycle Technologies' subsidiary, PureCycle: Ohio LLC, has reached an agreement to purchase a majority of its outstanding bonds, significantly restructuring its debt obligations and project financing.

PureCycle Technologies has appointed Jaime Vasquez as its new Chief Financial Officer, effective immediately, replacing interim CFO Jeff Fieler.

PureCycle Technologies' subsidiary, PCO, has agreed to increase the purchase price of its bonds and amend key covenants, potentially releasing funds for operations.

PureCycle Technologies has reached an agreement in principle to purchase a majority of its outstanding Ironton project bonds, aiming to eliminate restrictive covenants and improve financial flexibility.