PureCycle Technologies Files 8-K

TL;DR

PureCycle filed an 8-K on 9/17, expect updates on security holder rights and financials.

AI Summary

PureCycle Technologies, Inc. filed an 8-K on September 17, 2024, reporting material modifications to the rights of security holders and filing financial statements and exhibits. The company, formerly Roth CH Acquisition I Co., is incorporated in Delaware and operates in the plastics and synthetic resins sector.

Why It Matters

This filing indicates potential changes affecting PureCycle's security holders and includes important financial disclosures, requiring investor attention.

Risk Assessment

Risk Level: medium — 8-K filings can signal significant corporate events, but the specific nature of the modifications to security holder rights is not detailed here, requiring further investigation.

Key Numbers

• 001-40234 — SEC File Number (Identifies the company's filing with the SEC)
• 86-2293091 — IRS Employer Identification No. (Company's tax identification number)

Key Players & Entities

• PureCycle Technologies, Inc. (company) — Registrant
• Roth CH Acquisition I Co. (company) — Former Company Name
• September 17, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share PCT The Nasdaq Stock Mark
• $11.50 — alue per share, at an exercise price of $11.50 per share PCTTW The Nasdaq Stock Ma

Filing Documents

• pct-20240917.htm (8-K) — 49KB
• pct-ex4_1.htm (EX-4.1) — 13KB
• 0000950170-24-107608.txt ( ) — 219KB
• pct-20240917.xsd (EX-101.SCH) — 52KB
• pct-20240917_htm.xml (XML) — 7KB

03. Material Modification to Rights of Security Holders

Item 3.03. Material Modification to Rights of Security Holders. As previously reported on September 13, 2024, PureCycle Technologies, Inc. (the " Company ") entered into subscription agreements, dated September 11, 2024 (the " Subscription Agreements "), with certain investors (the " Investors ") pursuant to which the Company sold to the Investors in a private placement, among other securities, 50,000 shares of the Company's Series A Preferred Stock, par value $0.001 per share (" Series A Preferred Stock "), which shares of Series A Preferred Stock were issued pursuant to a Certificate of Designations (the " Certificate of Designations ") filed on September 13, 2024 with the Secretary of State of the State of Delaware to establish the preferences, limitations and relative rights of the Series A Preferred Stock. On September 17, 2024, the Investors holding all of the shares of Series A Preferred Stock entered into waivers (the " Waiver Agreements ") to irrevocably and unconditionally waive (and consent to such waivers for purposes of Section 12 of the Certificate of Designations) the rights of the holders of shares of Series A Preferred Stock, (i) pursuant to the Certificate of Designations, (a) to elect to receive shares of common stock, par value $0.001 per share (" Common Stock "), of the Company or pre-funded warrants to purchase Common Stock in connection with redemption events under the Certificate of Designations, (b) to elect to receive additional shares of Series A Preferred Stock on return payment dates, and (c) to receive return payments on the first three quarterly return payment dates within each one-year period following the issue date and to instead receive such return payments on the fourth quarterly return payment date within each one-year period following the issue date, such that each holder of Series A Preferred Stock shall receive return payments for the entire one-year period preceding each such fourth quarterly return payment date, and (ii)

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibit 4.1 Form of Waiver from holders of Series A Preferred Stock 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities 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. Date: September 18, 2024 By: /s/ Jaime Vasquez Jaime Vasquez, Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR