IRONTON, OH , September 12, 2024-

PureCycle Technologies, Inc. (Nasdaq: PCT), today, entered into a series of transactions with Sylebra Capital Management and Samlyn Capital, LLC to raise gross proceeds of $90 million. PureCycle anticipates that the transactions will close on September 13, 2024. The transactions include:

- An issuance of $50 million of Series A, Preferred Stock with a three-year maturity and an 8% return

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