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PureCycle Technologies Slides on Offerings of Stock and Convertible Notes

Provided by Dow Jones Jun 10, 2026, 11:09:00 PM

By Josh Beckerman

Shares of PureCycle Technologies slipped after plastic recycling company announced a $145 million stock offering and $250 million sale of convertible senior notes due 2032.

The stock fell 14%, to $8.51, after hours Wednesday.

The company plans to use proceeds from the stock and notes offerings for purposes such as repurchasing 7.25% green convertible notes due 2030 and working capital.

During the regular session, PureCycle shares posted their fourth consecutive decline, ending the day down 8.4% to $9.89. As of the market close, the stock was up 15% this year.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

June 10, 2026 19:09 ET (23:09 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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