PureCycle Confirms Nasdaq Listing for Common Stock & Warrants

TL;DR

**PureCycle's stock and warrants are still listed on Nasdaq, business as usual.**

AI Summary

PureCycle Technologies, Inc. filed an 8-K on February 5, 2024, to update the SEC on the securities registered under Section 12(b) of the Securities Exchange Act of 1934. The filing confirms that their Common Stock (PCT) and Warrants (PCTTW), exercisable at $11.50 per share, are both registered on The Nasdaq Stock Market LLC. This matters to investors as it reaffirms the company's compliance with listing requirements and the continued liquidity of its publicly traded securities.

Why It Matters

This filing confirms the continued listing of PureCycle's securities on Nasdaq, ensuring transparency and liquidity for investors. It's a routine compliance update, but important for maintaining investor confidence.

Risk Assessment

Risk Level: low — This is a routine compliance filing with no new material financial or operational information, indicating a low risk event.

Analyst Insight

This filing is a routine compliance update, not signaling any immediate action for investors. It confirms the continued listing of PCT and PCTTW on Nasdaq, which is a baseline expectation for publicly traded companies. Investors should continue to monitor for more substantive operational or financial news.

Key Numbers

• $0.001 — Par Value per Share (for both Common Stock and Warrants)
• $11.50 — Warrant Exercise Price (the price at which warrants can be converted to common stock)

Key Players & Entities

• PureCycle Technologies, Inc. (company) — the registrant filing the 8-K
• The Nasdaq Stock Market LLC (company) — the exchange where PureCycle's securities are registered
• $0.001 (dollar_amount) — par value per share for Common Stock and Warrants
• $11.50 (dollar_amount) — exercise price per share for Warrants
• February 5, 2024 (date) — date of earliest event reported and filing date

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share PCT The Nasdaq Stock Market L
• $11.50 — alue per share, at an exercise price of $11.50 per share PCTTW The Nasdaq Stock Market
• $1,030 — A Bonds"), at a purchase price equal to $1,030 per $1,000 principal amount of Bonds (a
• $1,000 — at a purchase price equal to $1,030 per $1,000 principal amount of Bonds (as defined b

Filing Documents

• pct-20240205.htm (8-K) — 31KB
• pctform252024ex991purecycl.htm (EX-99.1) — 23KB
• image_0.jpg (GRAPHIC) — 13KB
• 0001830033-24-000002.txt ( ) — 249KB
• pct-20240205.xsd (EX-101.SCH) — 2KB
• pct-20240205_def.xml (EX-101.DEF) — 16KB
• pct-20240205_lab.xml (EX-101.LAB) — 31KB
• pct-20240205_pre.xml (EX-101.PRE) — 17KB
• pct-20240205_htm.xml (XML) — 5KB

01 Other Events

Item 8.01 Other Events. PureCycle Technologies, Inc (the "Company") issued a press release, dated February 5, 2024, announcing that PureCycle: Ohio LLC ("PCO"), an indirect subsidiary of the Company, has reached an agreement in principle with holders of a majority (the "Majority Holders") of the Southern Ohio Port Authority Exempt Facility Revenue Bonds (PureCycle Project), Tax-Exempt Series 2020A (the "Series 2020A Bonds"), at a purchase price equal to $1,030 per $1,000 principal amount of Bonds (as defined below) purchased (the "Purchase Price"). In addition to the Majority Holders, additional holders of the Series 2020A Bonds, as well as Southern Ohio Port Authority Subordinate Exempt Facility Revenue Bonds (PureCycle Project), Tax-Exempt Series 2020B (the "Series 2020B Bonds), and Southern Ohio Port Authority Subordinate Exempt Facility Revenue Bonds (PureCycle Project), Taxable Series 2020C (the "Series 2020C Bonds", and the Series 2020A Bonds, Series 2020B Bonds and Series 2020C Bonds collectively, the "Bonds,") may participate in the Purchase. Holders of the Series 2020A Bonds that participate in the Purchase will be required to consent (each a "Consent" and collectively, the "Consents") to certain proposed amendments (the "Proposed Amendments") to the bond documents governing the Series 2020A Bonds and closing of the Purchase will require that no less than Majority Holders participate in the Purchase and provide their Consents. The Proposed Amendments will eliminate certain restrictive covenants and events of default contained in the bond documents governing the Series 2020A Bonds that are permitted to be eliminated with the consent of the Majority Holders. The Consents will become effective upon closing of the Purchase. The Proposed Amendments to the Indenture of Trust, dated as of October 1, 2020 (as amended, restated, supplemented or otherwise modified from time to time, the "Indenture"), between Southern Ohio Port Authority (the "Issuer") and UMB Bank

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibit 99.1 Press Release dated February 5, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PURECYCLE TECHNOLOGIES, INC. By: /s/ Jeffrey R. Fieler ____________________ Name: Jeffrey R. Fieler Title: Interim Chief Financial Officer Date: February 5, 2024

View Full Filing

View this 8-K filing on SEC EDGAR