PureCycle Technologies, Inc. (PCT) filed an 8-K reporting Q4 and fiscal year 2025 results, corporate updates, and changes in warrant agreements and management. The company achieved record 7.5 million pounds of PureFive rPP production in Q4 2025. Feedstock throughput at the Denver sorting facility increased by 44% quarter-over-quarter to 14 million pounds. Q4 2025 revenue was $2.7 million, marking the fourth consecutive quarter of sequential revenue growth. The expiration date for PCT Warrants (public and private) was extended from March 17, 2026, to June 17, 2026, with a potential further extension to March 17, 2027, if a consent solicitation to reduce the redemption trigger price is approved. Series A Warrants expiration date was extended from March 17, 2026, to March 17, 2027, and the redemption trigger price was lowered from $18.00 to $14.38 per share. Donald Carpenter was appointed Chief Financial Officer, effective March 1, 2026, replacing Jaime Vasquez, who is retiring. The company ended Q4 2025 with $181.6 million in total cash and marketable securities, down from $247.3 million at the end of Q3 2025. Core operations spending was $24.5 million in Q4 2025, in line with prior guidance of approximately $8-9 million per month. Repaid $20.3 million in high-cost equipment debt and retired $9.8 million in Ironton Bonds. Thailand project is on track for 2027 mechanical completion, with groundbreaking expected in 2H 2026. Antwerp, Belgium project progressing with permits still expected 2H 2026; construction currently expected to begin by Q1 2027; mechanical completion expected by 2028. Initial Gen-2 purification design shows no technical constraints for plants up to 500 million pounds of capacity, with capital expenditure approaching $1.00-$1.50 per pound and cash costs expected to be below virgin polypropylene.