UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 25, 2024 |
PureCycle Technologies, Inc.
(Exact name of Registrant as Specified in Its Charter)
Delaware | 001-40234 | 86-2293091 | ||
(State or Other Jurisdiction | (Commission File Number) | (IRS Employer | ||
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20 North Orange Avenue, Suite 106 |
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Orlando, Florida |
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(Address of Principal Executive Offices) |
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Registrant’s Telephone Number, Including Area Code: 877 648-3565 |
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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| Trading |
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Common Stock, par value $0.001 per share |
| PCT |
| The Nasdaq Stock Market LLC |
Warrants, each exercisable for one share of common stock, $0.001 par value per share, at an exercise price of $11.50 per share |
| PCTTW |
| The Nasdaq Stock Market LLC |
Units, each consisting of one share of common stock, $0.001 par value per share, and three quarters of one warrant |
| PCTTU |
| The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
Effective October 25, 2024, PureCycle Technologies, Inc. (the “Company”) and SK geo centric (“SKGC”) agreed to discontinue the joint venture between the Company and SKGC, that was intended to construct and operate a recycled polypropylene purification plant at the SKGC Ulsan site; coordinating multiple independent technologies on a single site proved to be too challenging for the overall project execution. The two sides are open to working together to find an alternative location in South Korea.
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.
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| PureCycle Technologies, Inc. |
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Date: | October 28, 2024 | By: | /s/ Jaime Vasquez |
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| Jaime Vasquez, Chief Financial Officer |