05:14 PM EDT, 06/10/2026 (MT Newswires) -- PureCycle Technologies ( PCT ) said late Wednesday it launched public offerings of $250 million of convertible senior notes due 2032 and $145 million of common shares.

The company will grant underwriters 30-day overallotment options to buy up to an additional $37.5 million of the notes and $18.75 million of the shares.

Net proceeds will be used to repurchase a portion of PureCycle's ( PCT ) 7.25% green convertible notes due 2030, buy back additional green notes, and for general corporate purposes.

PureCycle ( PCT ) shares fell 11% in after-hours trading.