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PureCycle Technologies 8-K Report: Insights on Stock & Warrant Issuance

$PCT
Form 8-K
Filed on: 2025-02-24
Source
PureCycle Technologies 8-K Report: Insights on Stock & Warrant Issuance

Based on the provided section of the financial report, here are the key pieces of information extracted:

  1. Entity Information:
  • Name: PureCycle Technologies, Inc.
  • CIK (Central Index Key): 0001830033
  • SEC Filing Type: 8-K
  • SEC File Number: 001-40234
  • EIN (Employer Identification Number): 86-2293091
  • Address: 20 North Orange Avenue, Suite 106, Orlando, FL 32801
  • Phone Number: 877 648-3565
  1. Stock Information:
  • Common Stock:
    • Par Value: $0.001 per share
    • Ticker Symbol: PCT
    • Exchange: NASDAQ
  • Warrants:
    • Description: Each warrant is exercisable for one share of common stock at an exercise price of $11.50 per share.
    • Ticker Symbol: PCTTW
    • Exchange: NASDAQ
  • Units:
    • Description: Each unit consists of one share of common stock and three quarters of one warrant.
    • Ticker Symbol: PCTTU
    • Exchange: NASDAQ
  1. Contextual Information:
  • The report includes multiple contexts for different segments of stock:
    • Warrant Member
    • Common Stock Member
    • Member Units Member
  • Each context has a defined period from February 21, 2025, to February 21, 2025, indicating a reporting date or a specific transaction date.
  1. Regulatory Compliance:
  • The document is structured in compliance with XBRL (eXtensible Business Reporting Language) standards, using specific namespaces for DEI (Data Element Identifier), US GAAP (Generally Accepted Accounting Principles), and XBRL dimensions.
  1. Filing Date:
  • The information appears to relate to a specific event or transaction reported on or around February 21, 2025.

Insights:

  • The company is actively involved in capital raising through the issuance of common stock and warrants, which indicates potential growth strategies.
  • The pricing of the warrants suggests a valuation expectation of the underlying common stock, and the exercise price of $11.50 may reflect market sentiments or future performance expectations.
  • The structured filing suggests ongoing transparency and regulatory compliance, which is crucial for investor confidence.

This summary encapsulates essential details about PureCycle Technologies, Inc. and its financial instruments, which can aid in further financial analysis or investment decision-making.