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PureCycle Technologies, Inc. — Director's Dealing 2022
Mar 21, 2022
31552_dirs_2022-03-21_9080cc3f-ebf7-42c6-891d-2beb1f1298a2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PureCycle Technologies, Inc. (PCT)
CIK: 0001830033
Period of Report: 2022-03-17
Reporting Person: Otworth Michael (Director, Chairman and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-03-17 | Common Stock | P | 142856 | $7 | Acquired | 4436852 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-17 | Warrants (Right to Buy) | $11.5 | P | 71428 | Acquired | Common Stock (71428.0) | Direct |
Footnotes
F1: 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").
F2: 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.