PureCycle Technologies Enters Material Definitive Agreement

TL;DR

PureCycle signed a big deal on 10/25/24. Filing includes financials.

AI Summary

PureCycle Technologies, Inc. announced on October 25, 2024, the entry into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. The company, formerly known as Roth CH Acquisition I Co., is incorporated in Delaware and headquartered in Orlando, Florida.

Why It Matters

This filing indicates a significant new agreement for PureCycle Technologies, which could impact its future operations and financial standing.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, and the specifics of this agreement are not detailed in the provided excerpt.

Key Numbers

• 001-40234 — Commission File Number (Identifier for PureCycle Technologies, Inc.)
• 86-2293091 — IRS Employer Identification No. (Tax identification for PureCycle Technologies, Inc.)

Key Players & Entities

• PureCycle Technologies, Inc. (company) — Registrant
• October 25, 2024 (date) — Date of earliest event reported
• Roth CH Acquisition I Co. (company) — Former company name
• Delaware (jurisdiction) — State of Incorporation
• Orlando, Florida (location) — Business Address

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-20241025.htm (8-K) — 57KB
• pct-ex10_1.htm (EX-10.1) — 165KB
• 0000950170-24-118376.txt ( ) — 403KB
• pct-20241025.xsd (EX-101.SCH) — 54KB
• pct-20241025_htm.xml (XML) — 7KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On October 7, 2020, the Southern Ohio Port Authority ("SOPA") issued certain revenue Bonds pursuant to an Indenture of Trust dated as of October 1, 2020 (as amended, restated, supplemented or otherwise modified from time to time, the "Indenture"), between SOPA and UMB Bank, N.A., as Trustee ("Trustee"), and loaned the proceeds from their sale to PureCycle: Ohio LLC ("PCO"), an Ohio limited liability company and indirect wholly-owned subsidiary of PureCycle Technologies, Inc. (the "Company"), pursuant to a Loan Agreement dated as of October 1, 2020, between SOPA and PCO (as amended, restated, supplemented or otherwise modified from time to time, the "Loan Agreement") to be used to, among other things, acquire, construct and equip the Company's first commercial-scale recycling facility in Lawrence County, Ohio. Capitalized terms used but not defined herein have the meanings ascribed thereto in the Indenture or the Loan Agreement. On May 7, 2024, PureCycle Technologies LLC, an indirect wholly-owned subsidiary of the Company (the "Guarantor"), and Pure Plastic LLC, a Delaware limited liability company, executed a bond purchase agreement (as subsequently amended and restated, the "Amended and Restated Bond Purchase Agreement"), which included the obligation, among other things, for the Guarantor to undertake best efforts to obtain SOPA's authorization to enter into a Sixth Supplemental Indenture (as defined below) by a certain date. On October 25, 2024, SOPA, as Issuer, PCO, the Guarantor, PCTO Holdco LLC, a Delaware limited liability company and affiliate of PCO (the pledgor under the Equity Pledge and Security Agreement) and the Trustee entered into the Sixth Supplemental Indenture (the "Sixth Supplemental Indenture"), which amended certain provisions of the Indenture and Loan Agreement to include, among other things, certain financial covenants. The amendments were a requirement of the Amended and Restated Bo

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibit 10.1 Sixth Supplemental Indenture, dated as of October 25, 2024. 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: October 29, 2024 By: /s/ Brad S. Kalter Brad S. Kalter, Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR