Filing Details
- Accession Number:
- 0001847082-22-000005
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-03-21 16:54:36
- Reporting Period:
- 2022-03-17
- Accepted Time:
- 2022-03-21 16:54:36
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1830033 | Purecycle Technologies Inc. | PCT | Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821) | 000000000 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1847082 | Michael Otworth | C/O Purecycle Technologies, Inc. 5950 Hazeltine National Drive, Suite 650 Orlando FL 32822 | Chairman And Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2022-03-17 | 142,856 | $7.00 | 4,436,852 | No | 4 | P | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Warrants (Right to Buy) | Acquisiton | 2022-03-17 | 71,428 | $0.00 | 71,428 | $11.50 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
71,428 | 2022-09-17 | No | 4 | P | Direct |
Footnotes
- Represents shares purchased by the Reporting Person in connection with a $250 million private placement transaction consummated on March 17, 2022 (the "PIPE Offering") by PureCycle Technologies, Inc. (the "Company").
- The securities reported in this Form 4 were acquired in the PIPE Offering in a combination of one share of the Company's common stock, par value $0.001 per share ("Common Stock"), and an accompanying one-half of one warrant to purchase one share of Common Stock (the "Warrants"), at a combined price of $7.00. The Warrants will expire on the earlier of (i) March 17, 2026 and (ii) the date fixed for redemption of the Warrants.