ORLANDO, FL / ACCESS Newswire / February 28, 2025 / PureCycle Technologies, Inc. (NASDAQ:PCT), a U.S.-based company revolutionizing plastic recycling, today, announced that on February 18, 2025, the U.S. District Court for the District of Delaware issued an order granting preliminary approval of a settlement to resolve shareholder derivative lawsuits and certain shareholder demand letters. In accordance with the Court's order preliminarily approving the settlement, PureCycle is making disclosure of the settlement to its shareholders in the Notice of Proposed Settlement of Stockholder Derivative Matters, Hearing Thereon, and Right to Appear (Notice) attached hereto.
PureCycle Technologies, Inc. (NASDAQ:PCT ) Q4 2024 Earnings Conference Call February 27, 2025 10:00 AM ET Company Participants Eric DeNatale - Director-Investor Relations Dustin Olson - Chief Executive Officer Jaime Vasquez - Chief Financial Officer Conference Call Participants Andres Sheppard - Cantor Fitzgerald Hassan Ahmed - Alembic Eric Stine - Craig-Hallum Aadit Shrestha - Stifel Thomas Boyes - TD Cowen Gerry Sweeney - ROTH Capital Operator Ladies and gentlemen, thank you for standing by. Welcome to PureCycle Technologies Fourth Quarter 2024 Corporate Update Call.
ORLANDO, FL / ACCESS Newswire / February 5, 2025 / PureCycle Technologies, Inc. (Nasdaq:PCT), today, entered into a transaction anchored by Pleiad Investment Advisors Limited, with participation from Sylebra Capital Management, and Samlyn Capital, LLC to raise gross proceeds of $33 million. PureCycle anticipates that the transaction will close on February 6, 2025.
ORLANDO, FL / ACCESS Newswire / January 21, 2025 / PureCycle Technologies, Inc. (NASDAQ:PCT), today, announced the initial sale of nearly 500,000 pounds of resin to Drake Extrusion Inc. (Drake) for the production of continuous filament yarns, which could be used to make items such as rugs, upholstery, and apparel. Drake is North America's leading manufacturer of colored filament yarn, and staple fiber.
PureCycle Technologies, leveraging proprietary technology licensed from Procter & Gamble, converts polypropylene waste into ultra-pure recycled resin, positioning itself as a leader in the nascent plastics recycling industry. Despite high volatility and significant risks, including operational delays and financial constraints, PCT's innovative approach and strong leadership offer substantial growth potential and environmental benefits. The company has made strategic partnerships and agreements with major brands like Nestlé and L'Oréal and aims to ramp up production significantly by 2027.
PureCycle Technologies, Inc. (NASDAQ:PCT ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Christian Bruey - Director of Communications. Dustin Olson - CEO Jaime Vasquez - CFO Conference Call Participants Hassan Ahmed - Alembic Global Advisors Eric Stine - Craig-Hallum Capital Group Thomas Boyes - TD Cowen Andres Sheppard-Slinger - Cantor Fitzgerald Brian Butler - Stifel Gerard Sweeney - ROTH Capital Operator Good day, and thank you for standing by.
Every stock has bulls and bears. When trying to understand the bearish sentiment around a stock, looking at short interest can be particularly useful.
PureCycle Technologies NYSE: PCT is a small-cap materials stock that has gone on a true tear this year. The stock is up over 250%, a head-turning number that has caught the attention of many investors.
PureCycle is a pre-revenue plastics recycling company on the verge of commercialization. The cash-strapped company received a cash infusion from its private equity partners and announced progress at its Ironton facility.
PureCycle Technologies has struggled to scale its polypropylene recycling plant, failing to generate material sales despite initial promises at its SPAC. The company faces significant challenges with its co-product 2 (CP2), impacting its ability to get to nameplate production. PCT's shift to selling compounded products, blending recycled material with virgin or post-industrial plastic, indicates a deviation from its original ultrapure resin goal.