03:40 AM EDT, 06/11/2026 (MT Newswires) -- PureCycle Technologies ( PCT ) said Thursday it priced simultaneous public offerings of debt and equity to generate $395 million in total gross proceeds.

The transaction includes $250 million in 4.75% convertible senior notes due in 2032, along with roughly 17.7 million common shares sold at $8.21 each, the company said.

Underwriters were also granted options to buy an additional $37.5 million in notes and around 2.3 shares, it said.

The company intends to settle the offerings on Monday and proceeds to repurchase $216 million of outstanding green convertible notes, PureCycle ( PCT ) said.

Shares of the company were down over 14% in Thursday premarket activity.

Price: 8.49, Change: -1.39, Percent Change: -14.08