PureCycle Technologies to Raise $33 Million in Private Placement of Shares

MT Newswires Live

2025/02/05

PureCycle Technologies (PCT) said Wednesday it agreed to a $33 million private placement of common shares.

Pleiad Investment Advisors is the lead investor in the transaction with participation from Sylebra Capital Management and Samlyn Capital, according to PureCycle.

The company said it expects to close the transaction on Thursday and funds raised will be used to bring PureCycle's patented dissolution recycling process to market.

Shares of PureCycle were up 7.3% in recent trading.

Price: 9.11, Change: +0.62, Percent Change: +7.30

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