Purecycle Technologies Inc SEC Filings

PureCycle Technologies, Inc. is soliciting written consents from holders of its PCT Warrants to amend the Warrant Agreement to lower the redemption trigger price from $18.00 to $14.38 per share and, if approved, extend the warrants' expiration to the earlier of March 17, 2027 or the date fixed for redemption.

The Board unanimously approved the proposal, recommends that Registered Holders consent, and will effectuate the extension if the requisite majority of outstanding PCT Warrant consents are obtained. Each PCT Warrant is exercisable for one share of common stock at an exercise price of $11.50. Consents are solicited from holders of record as of March 17, 2026.

PureCycle Technologies, Inc. General Counsel and Chief Compliance Officer Brad Kalter reported a tax-related share disposition. He surrendered 3,398 shares of common stock at $6.45 per share to cover tax liability from the vesting of an equity award under the 2021 Equity and Incentive Compensation Plan, and now holds 189,889 shares directly.

PureCycle Technologies, Inc. Chief Executive Officer Dustin Olson reported a routine tax-related share disposition. On March 2, 2026, he surrendered 5,786 shares of common stock at $6.45 per share to cover tax liability from a vesting equity grant. Following this transaction, he directly holds 1,349,137 shares.

PureCycle Technologies, Inc. reported that executive officer Brad Kalter had equity compensation vest and related tax withholding transactions in company stock. On February 27, 2026, he acquired 14,200 shares of common stock at $0.00 per share from the vesting of performance share units originally granted on March 22, 2023. On the same date, 4,593 shares were surrendered at $6.31 per share to cover tax liabilities tied to this vesting. After these transactions, Kalter directly owned 193,287 shares of PureCycle common stock.

PureCycle Technologies, Inc. Chief Executive Officer Dustin Olson reported two stock transactions involving company common shares. He acquired 46,052 shares on February 27, 2026 at no cost upon vesting of performance share units granted on March 22, 2023. On the same date, he disposed of 18,121 shares at $6.31 per share, surrendering them to cover tax liability tied to that vesting. After these transactions, Olson directly owned 1,354,923 shares of PureCycle common stock.

PureCycle Technologies, Inc. is an early commercial-stage company developing patented dissolution recycling technology to turn waste polypropylene into near-virgin PureFive® resin. Its first large plant in Ironton, Ohio has 107 million pounds per year design capacity but is not yet running at full capacity.

In 2025, the company raised capital through a $33 million common stock private placement, $41.9 million of bond sales for net proceeds of $36.9 million, and $300 million of Series B convertible perpetual preferred stock. As of December 31, 2025, total consolidated indebtedness was $363.7 million, while revenue remains minimal.

PureCycle is planning major expansion, including 130 million pound per year facilities in Thailand and Belgium and a 300 million pound per year facility in Augusta, Georgia projected to be operational by 2030, supported in part by an accepted €40 million EU Innovation Fund grant. The business faces significant risks around funding needs, technology scale-up, regulatory approvals, feedstock sourcing, cybersecurity and intense competition, and it depends heavily on its P&G license and successful operation of the Ironton Facility.

PureCycle Technologies amended its warrant agreements, extended expirations and lowered certain redemption thresholds while reporting record operating progress. Public and private warrants and Series A warrants with $11.50 exercise prices now have later expiration dates, with Series A and proposed public warrant redemptions tied to a reduced $14.38 share price trigger.

The company produced a record 7.5 million pounds of PureFive recycled polypropylene in Q4 and generated $2.7 million in quarterly revenue, shipping to 11 customers and advancing over 170 commercial opportunities. It ended the quarter with $181.6 million in cash and marketable securities after $24.5 million of ongoing operating spend, $12.6 million of project spend, and $38.6 million of debt service, including payoffs of high-cost equipment debt and Ironton bonds.

PureCycle is progressing growth projects in Thailand and Antwerp and reports encouraging Gen‑2 plant design work, targeting capacities up to 500 million pounds annually with capital intensity near $1.00–$1.50 per pound and cash costs expected to be below virgin polypropylene production. The company also announced a CFO transition, appointing Donald Carpenter effective March 1, 2026, as Jaime Vasquez retires.

PureCycle Technologies, Inc. corporate controller and chief accounting officer Gregory L. Barta reported a Form 4 transaction involving company common stock. On February 20, 2026, he disposed of 870 shares at $8.99 per share through a tax-withholding disposition tied to the vesting of an equity award under the company’s 2021 Equity and Incentive Compensation Plan, meaning shares were surrendered to cover tax liability rather than sold in the open market. Following this transaction, he directly owned 17,441 common shares.

PureCycle Technologies, Inc. Chief Financial Officer Jaime Vasquez reported two insider transactions related to equity compensation. On February 20 and 21, he surrendered 3,057 and 5,594 shares of common stock, respectively, at $8.99 per share to cover tax liabilities triggered by the vesting of awards under the company’s 2021 Equity and Incentive Compensation Plan. Following the most recent tax-withholding disposition, he directly owned 89,878 common shares.