PureCycle jumps 22%, raises $90M financing [Seeking Alpha]
PureCycle Technologies, Inc. - Common stock (PCT)
Company Research
Source: Seeking Alpha
The financing includes: $50M preferred stock, $40M common stock, warrants exercisable at a price of $11.50 and an extension of Sylebra Capital's $200M line of credit to March 31, 2026 Transactions to close on September 13, 2024. The capital raised is expected to enable PureCycle ( PCT ) to continue executing on its plan to bring its purification process to the market. "This capital not only supports our existing operations, but will also help fund additional activities associated with our Augusta project. This investment combined with the progress we are seeing on our production and commercialization efforts at the Ironton Facility should enable us to drive toward our long-term goals." CEO Dustin Olson said. Shares of PureCycle ( PCT traded 23% higher on Wednesday. Recommended For You More Trending News Recommended For You More Trending News About PCT Stock Related Stocks Trending Analysis Trending News
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PCT
News
- PureCycle Technologies, Inc. (NASDAQ: PCT) had its price target raised by analysts at TD Cowen from $10.00 to $15.00. They now have a "buy" rating on the stock.MarketBeat
- PureCycle Technologies, Inc. (NASDAQ: PCT) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $14.00 price target on the stock.MarketBeat
- PureCycle Technologies, Inc. (NASDAQ: PCT) had its price target raised by analysts at Stifel Nicolaus from $8.00 to $15.00. They now have a "buy" rating on the stock.MarketBeat
- PureCycle Technologies Inc (PCT) Q3 2024 Earnings Call Highlights: Record Production Growth and ... [Yahoo! Finance]Yahoo! Finance
- PureCycle Technologies, Inc. (PCT): Among the Best Recycling Stocks to Buy According to Hedge Funds [Yahoo! Finance]Yahoo! Finance
PCT
Earnings
- 5/7/24 - Miss
PCT
Sec Filings
- 11/20/24 - Form S-3
- 11/15/24 - Form 10-Q
- 11/13/24 - Form NT
- PCT's page on the SEC website