PureCycle Technologies Enters Into A Series Of Transactions With Sylebra Capital Management And Samlyn Capital To Raise Gross Proceeds Of $90M; Ironton Facility Reaches Feed Rate Of 10,000 Pounds Per Hour; Processes Over 200,000 Pounds In One Day
Portfolio Pulse from Benzinga Newsdesk
PureCycle Technologies has raised $90 million through transactions with Sylebra Capital Management and Samlyn Capital. The funds will support the company's expansion in the recycled polypropylene market. The Ironton facility has achieved a significant processing milestone.
September 11, 2024 | 1:04 pm
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PureCycle Technologies raised $90M through preferred stock issuance, common stock sale, and warrants. The capital will support its market expansion, with the Ironton facility achieving a processing milestone.
The $90M capital raise through preferred stock, common stock, and warrants indicates strong investor confidence and provides PureCycle with resources to expand its market presence. The processing milestone at the Ironton facility further supports growth prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100