Sylebra Capital Amends PureCycle (PCT) Filing

TL;DR

Sylebra Capital updated its 13D filing for PureCycle (PCT) - watch for potential strategic moves.

AI Summary

Sylebra Capital LLC, an investment firm, has amended its Schedule 13D filing regarding PureCycle Technologies, Inc. on September 17, 2024. Sylebra Capital previously disclosed a significant stake and has now updated its holdings and intentions. The filing indicates ongoing strategic interest in PureCycle Technologies.

Why It Matters

This amendment provides updated information on Sylebra Capital's stake and potential influence over PureCycle Technologies, a company focused on advanced recycling of plastics.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings by significant investors like Sylebra Capital can signal changes in strategy or potential activism, impacting the stock.

Key Players & Entities

• Sylebra Capital LLC (company) — Filing party
• PureCycle Technologies, Inc. (company) — Subject company
• Matthew Whitehead (person) — Authorized Signatory for Sylebra Capital LLC
• Roth CH Acquisition I Co. Parent Corp. (company) — Former company name of PureCycle Technologies, Inc.

FAQ

Key Financial Figures

• $0.001 — o the shares of common stock, par value $0.001 per share ("Common Stock"), o

Filing Documents

• pcta2_91724.htm (SC 13D/A) — 45KB
• 0001085146-24-004580.txt ( ) — 47KB

From the Filing

SC 13D/A 1 pcta2_91724.htm SYLEBRA CAPITAL LLC pcta2_91724.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2)* PureCycle Technologies, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 74623V103 (CUSIP Number) Matthew Whitehead, Chief Operating Officer / Authorized Signatory 3000 El Camino Real, Building 5, Suite 450 Palo Alto, CA 94306 +1 332 242 8518 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 13, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [X] * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page The information required on the remainder of this cover page shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934 (the Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Instructions). CUSIP No.: 74623V103 1 NAME OF REPORTING PERSON: Sylebra Capital LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP [ ] (a) [ ] (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS: WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, US NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 8 SHARED VOTING POWER 33,457,649 9 SOLE DISPOSITIVE POWER 10 SHARED DISPOSITIVE POWER 33,457,649 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 33,457,649 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.29% 14 TYPE OF REPORTING PERSON HC, IA CUSIP No.: 74623V103 1 NAME OF REPORTING PERSON: Sylebra Capital Limited I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP [ ] (a) [ ] (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS: WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Hong Kong NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 8 SHARED VOTING POWER 33,457,649 9 SOLE DISPOSITIVE POWER 10 SHARED DISPOSITIVE POWER 33,457,649 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 33,457,649 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.29% 14 TYPE OF REPORTING PERSON HC, IA CUSIP No.: 74623V103 1 NAME OF REPORTING PERSON: Sylebra Capital Management I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP [ ] (a) [ ] (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS: WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 8 SHARED VOTING POWER 33,457,649 9 SOLE DISPOSITIVE POWER 10 SHARED DISPOSITIVE POWER 33,457,649 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 33,457,649 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.29% 14 TYPE OF REPORTING PERSON HC, IA CUSIP No.: 74623V103 1 NAME OF REPORTING PERSON: Daniel Patrick Gibson I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP [ ] (a) [ ] (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS: WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Antigua and Barbuda NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 714,300 8 SHARED VOTING POWER 33,600,549 9 SOLE DISPOSITIVE POWER 714,300 10 SHARED DISPOSITIVE POWER 33,600,549 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 34,314,849 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

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View this SC 13D/A filing on SEC EDGAR