PCT on Nasdaq

PureCycle Technologies, Inc.

Plastic materials company that raised $340 million in 2024 (SEC Form D)1

In its 2026 annual report the company says: “We are a Florida-based corporation focused on commercializing a patented dissolution recycling technology for polypropylene that physically separates the polymer from other plastics, colors, odors and impurities. Our PureFive ® resin has similar properties and applicability for reuse as virgin polypropylene. We have a global license for the Technology from P&G, which was amended during 2025 to permanently waive the possible clawback of our exclusivity for plants located in North America.”11 Its shares trade on Nasdaq under the symbol PCT.1

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Last updated Oct 21, 2026.

Overview

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  • TickerPCT on Nasdaq1
  • IndustryPlastic Materials, Synth Resins & Nonvulcan Elastomers1
  • HeadquartersOrlando, Florida1
  • Incorporated inUnited States2
  • Business address20 North Orange Ave, Suite 106, Orlando, Fl 328012
  • Filer categoryLarge accelerated filer2
  • Legal formCorporation

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-2171.6%Operating margin4
-2185.1%Net margin4
-397.9%Return on equity4
-$183.6MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development9¢$5.9M
  • Selling, general and admin90¢$59.5M
  • Income tax1¢$970.0K

Out of $8.4M in revenue.4 The company lost money this year.

Financial statements

Revenue4$8.4M in 2025
0$2.5M$5.0M$7.5M$10.0M2023: $0$020232024: $0$020242025: $8.4M$8.4M2025
Operating income4-$181.4M in 2025+59% since 2023
-$200.0M-$150.0M-$100.0M-$50.0M02023: -$113.9M-$113.9M20232024: -$145.4M-$145.4M2024+28%2025: -$181.4M-$181.4M2025+25%
Net income5674-$182.6M in 2025+245% since 2020
-$300.0M-$200.0M-$100.0M02020: -$53.0M-$53.0M20202021: -$77.5M-$77.5M2021+46%2022: -$84.7M-$84.7M2022+9%2023: -$101.7M-$101.7M2023+20%2024: -$289.1M-$289.1M2024+184%2025: -$182.6M-$182.6M2025−37%
Fiscal year2019202020212022202320242025
Revenue$04$04$8.4M4
Research and development$648.0K5$3.7M6$4.3M7$6.6M4$6.5M4$5.9M4
Selling, general and admin$28.0M5$57.6M6$53.2M7$55.3M4$53.1M4$59.5M4
Operating expenses$69.6M6$81.3M7$113.9M4$145.4M4$189.8M4
Operating income-$113.9M4-$145.4M4-$181.4M4
Interest$4.1M10$7.5M6$2.3M6$31.4M6
Income before tax-$77.5M6-$84.7M7-$101.1M4-$289.2M4-$181.6M4
Income tax$05$06$07$650.0K4-$79.0K4$970.0K4
Net income-$53.0M5-$77.5M6-$84.7M7-$101.7M4-$289.1M4-$182.6M4
Earnings per share-$1.965-$0.756-$0.547-$0.624-$1.754-$1.084
Earnings per share (diluted)-$1.965-$0.796-$0.557-$0.634-$1.754-$1.214
Shares (weighted, basic)102.9M shares6156.0M shares7163.9M shares4165.4M shares4179.3M shares4
Shares (weighted, diluted)103.0M shares6156.2M shares7164.0M shares4165.4M shares4180.4M shares4

Compare PureCycle Technologies, Inc. with another company

Corporate structure

PureCycle Technologies, Inc. is part of a group headed by Aptar. 116 entities, 27 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of PureCycle Technologies, Inc.

  • SYLEBRA CAPITAL LLC Filed SCHEDULE 13D/A on PureCycle Technologies, Inc., latest Jun 12, 2026 (3 filings since Sep 17, 2024)
  • SAMLYN CAPITAL, LLC Filed SCHEDULE 13G/A on PureCycle Technologies, Inc., latest May 15, 2026 (7 filings since Feb 14, 2023)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on PureCycle Technologies, Inc., latest Mar 27, 2026 (4 filings since Feb 10, 2022)
  • LONGVIEW ASSET MANAGEMENT, LLC Filed SCHEDULE 13D on PureCycle Technologies, Inc., latest Jul 8, 2025
  • Pure Crown LLC Filed SCHEDULE 13G/A on PureCycle Technologies, Inc., latest Jul 8, 2025 (3 filings since Feb 10, 2022)
  • SK Geo Centric Co., Ltd. Filed SCHEDULE 13G/A on PureCycle Technologies, Inc., latest Jan 6, 2025 (2 filings since Jul 19, 2022)
  • BlackRock Filed SC 13G on PureCycle Technologies, Inc., latest Feb 2, 2024
  • Sylebra Capital Ltd Filed SC 13D/A on PureCycle Technologies, Inc., latest Aug 29, 2023 (3 filings since Feb 11, 2022)
  • Atalan Capital Partners, LP Filed SC 13G/A on PureCycle Technologies, Inc., latest Feb 14, 2022
  • Aptar Crystal Lake, Illinois, United States
    • Aptar (France ) Le Neubourg, France
    • PureCycle Technologies, Inc. Orlando, Florida
      • PCTO Holdco, LLC Subsidiary · Delaware, United States
      • PureCycle (Thailand) Company Limited Subsidiary · Thailand
      • PureCycle Augusta, LLC Subsidiary · Delaware, United States
      • PureCycle Belgium, BV Subsidiary · Belgium
      • PureCycle Managed Services, LLC Subsidiary · Delaware, United States
      • PureCycle PreP, LLC Subsidiary · Delaware, United States
      • PureCycle Technologies Holdings Corp. Subsidiary · Delaware, United States
      • PureCycle Technologies Holdings II Corp. Subsidiary · Delaware, United States
      • PureCycle: Ohio, LLC Subsidiary · Ohio, United States
    • 7M Valf Sanayi Ve Mühendislik Anonim Sirketi Subsidiary · Turkey
    • AIGE LLC Subsidiary · Delaware, United States
    • Aptar (China) Investment Co., Ltd. Subsidiary · China
    • Aptar (Guangzhou) Dispensing Systems Co., Ltd. Subsidiary · China
    • Aptar (Thailand) Ltd. Subsidiary · Thailand
    • Aptar Andina SAS Subsidiary · Colombia
    • Aptar Argentina S.A. Subsidiary · Argentina
    • Aptar Ballinasloe Limited Subsidiary · Ireland
    • Aptar Cali SAS Subsidiary · Colombia
    • Aptar Czech Republic s.r.o. Subsidiary · Čkyně, Czechia
    • Aptar Digital Health, LLC Subsidiary · Delaware, United States
    • Aptar Do Brasil Embalagens Ltda. Subsidiary · Brazil
    • Aptar Dortmund GmbH Subsidiary · Dortmund, Germany
    • APTAR EL MARQUES, S. de R.L. de C.V. (APTAR EL MARQUÉS, S. de R.L. de C.V.) Subsidiary · El Marqués, Mexico
    • Aptar El Marqués S. de R.L. de C.V. Subsidiary · Mexico
    • Aptar Europe Holding SAS Subsidiary · Louveciennes, France
    • Aptar France S.A.S. Subsidiary · France
    • Aptar Freyung GmbH Subsidiary · Freyung, Germany
    • Aptar Global Business Services CZ s.r.o. Subsidiary · Ceske Budejovice, Czechia
    • Aptar Government, LLC Subsidiary · Delaware, United States
    • Aptar Heng Yu (Weihai) Medical Device Co., Ltd. Subsidiary · China
    • Aptar Investment, LLC Subsidiary · Delaware, United States
    • Aptar Istanbul Ambalaj Üretim Ticaret ve Sanayi A.Ş Subsidiary · Turkey
    • and 81 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What PureCycle Technologies, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$741.6M4 Dec 31, 2025$729.9M4 Dec 31, 2024+1.6%
Accumulated depreciation$83.8M4 Dec 31, 2025$55.8M4 Dec 31, 2024+50.3%
Property and equipment, net$657.8M4 Dec 31, 2025$674.1M4 Dec 31, 2024−2.4%
Operating-lease assets (leased space)$54.2M4 Dec 31, 2025$56.8M4 Dec 31, 2024−4.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$156.7M4 Dec 31, 2025$15.7M4 Dec 31, 2024+899.1%
Marketable securities, current$13.6M4 Dec 31, 2025$04 Dec 31, 2024

Inventory

ItemLatestA year beforeChange
Inventory, total$9.4M4 Dec 31, 2025$8.1M4 Dec 31, 2024+15.9%
Raw materials$4.9M4 Dec 31, 2025$4.5M4 Dec 31, 2024+9.8%
Work in process$561.0K4 Dec 31, 2025$824.0K4 Dec 31, 2024−31.9%
Finished goods$3.9M4 Dec 31, 2025$2.8M4 Dec 31, 2024+39.8%

Properties, in its own words

Our corporate headquarters is leased and located in Orlando, Florida. The following table sets forth our principal operating facilities as of December 31, 2025. These facilities are well-maintained, are suitable and adequate for their use and have sufficient capacity for our current needs and expected near-term growth.

Location · Use

The rest of Item 2

Lawrence County, Ohio · Purification Facility and FEU

Durham, North Carolina · Research and Development Lab

Denver, Pennsylvania · Feed PreP Facility

Additionally, we have reached an agreement on a lease for the land in Rayong, Thailand, and have leases in place for tracts of land in Antwerp, Belgium and Augusta, Georgia, on which we plan to build Purification facilities. See Item 1. Business for a discussion of the Thailand Facility, the Belgium Facility, and the Augusta Facility and their respective site locations.

Item 2 of the 10-K filed Feb 26, 2026.11

Leadership

Who has led PureCycle Technologies, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (18)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerMelissa Trednick named May 23, 2024 to Sep 26, 202437
  • DirectorJohn Scott named Mar 18, 202238

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • PCTO Holdco, LLC Delaware3
  • PureCycle (Thailand) Company Limited Thailand3
  • PureCycle Augusta, LLC Delaware3
  • PureCycle Belgium, BV Belgium3
  • PureCycle Managed Services, LLC Delaware3
  • PureCycle PreP, LLC Delaware3
  • PureCycle Technologies Holdings Corp. Delaware3
  • PureCycle Technologies Holdings II Corp. Delaware3
  • PureCycle Technologies LLC Delaware3
  • PureCycle: Ohio, LLC Ohio3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Roth CH Acquisition I Co. Parent Corp.Nov 20, 2020 to Mar 17, 20212

Timeline

  1. Aug 31, 20268-K Entered a material agreement; New debt or obligation39
  2. Aug 6, 20268-K Results of operations; Regulation FD disclosure40
  3. Jun 15, 20268-K Entered a material agreement; New debt or obligation; Regulation FD disclosure41
  4. Jun 11, 20268-K Entered a material agreement; New debt or obligation; Other events42
  5. May 11, 20268-K Shareholder vote43
  6. May 6, 20268-K Results of operations; Regulation FD disclosure44
  7. Apr 17, 20268-K Entered a material agreement; Change to shareholders' rights; Shareholder vote45
  8. Mar 20, 20268-K Regulation FD disclosure46
  9. Feb 26, 20268-K Entered a material agreement; Results of operations; Change to shareholders' rights47
  10. Jan 13, 20268-K Other events48
  11. Dec 30, 20258-K Entered a material agreement49
  12. Dec 18, 20258-K Executive or director change50
  13. Aug 8, 2022New chief executive Dustin Olson becomes CEO12
  14. Mar 17, 2021New chief executive Michael Otworth becomes CEO13

Calendar

Coming up

  1. Nov 5, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.44) a share, on Nov 6, 2025.51

When it reported results

  1. Aug 6, 2026Reported quarterly or annual results40
  2. May 6, 2026Reported quarterly or annual results44
  3. Feb 26, 2026Reported quarterly or annual results47
  4. Nov 6, 2025Reported quarterly or annual results52
  5. Aug 7, 2025Reported quarterly or annual results53
  6. May 7, 2025Reported quarterly or annual results54
  7. Feb 27, 2025Reported quarterly or annual results55
  8. Nov 7, 2024Reported quarterly or annual results56

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

417 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 93 major events, 193 insider forms, 25 large holders, 3 private raises, 83 other. The latest 20:

  1. Sep 25, 20264 EDGAR
  2. Sep 8, 20264 EDGAR
  3. Aug 31, 20268-K EDGAR
  4. Aug 25, 20264 EDGAR
  5. Aug 7, 20264 EDGAR
  6. Aug 6, 202610-Q EDGAR
  7. Aug 6, 20268-K EDGAR
  8. Jul 23, 20263/A EDGAR
  9. Jul 23, 20264/A EDGAR
  10. Jul 23, 20264 EDGAR
  11. Jul 23, 20263/A EDGAR
  12. Jun 16, 20264 PRIMARY DOCUMENT EDGAR
  13. Jun 15, 20268-K EDGAR
  14. Jun 12, 2026424B5 EDGAR
  15. Jun 12, 2026424B5 EDGAR
  16. Jun 12, 2026SCHEDULE 13D/A EDGAR
  17. Jun 11, 2026FWP EDGAR
  18. Jun 11, 20268-K EDGAR
  19. Jun 10, 2026424B5 EDGAR
  20. Jun 10, 2026424B5 EDGAR

The 417 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

31 open-market trades by officers, directors and large owners since October 2021: 17 buys and 14 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 4, 2026Musa FernandoDirectorBuy15,479$6.38$98.8KForm 4
May 12, 2026SYLEBRA CAPITAL LLCDirectorBuy16,622Form 4
Feb 6, 2025SYLEBRA CAPITAL LLCDirectorBuy619,925$8.06$5.0MForm 4
Sep 13, 2024SYLEBRA CAPITAL LLCDirectorBuy4,264,393$4.69$20.0MForm 4
Mar 8, 2024Musa FernandoDirectorBuy18,303$5.46$99.9KForm 4
Mar 8, 2024Musa FernandoDirectorBuy18,303$5.46$99.9KForm 4
Nov 16, 2023Somma Lawrence CChief Financial OfficerBuy12,510$3.99$49.9KForm 4
Nov 16, 2023BOUCK STEVEN FDirectorBuy8,000$3.90$31.2KForm 4
Nov 14, 2023Musa FernandoDirectorBuy25,779$3.88$100.0KForm 4
Nov 14, 2023Coombs Daniel MDirectorBuy30,000$3.95$118.5KForm 4
Nov 10, 2023Olson DustinChief Executive OfficerBuy68,190$3.22$219.6KForm 4
Nov 10, 2023Kalter BradGeneral Counsel, CCO & Scty.Buy5,000$3.23$16.1KForm 4
Dec 4, 2022Olson DustinChief Executive OfficerSale1,174$6.51$7.6KForm 4
Jul 20, 2022Scott John StewartDirectorSale72,716$7.42$539.6KForm 4
Jul 19, 2022Scott John StewartDirectorSale73,546$7.17$527.3KForm 4
Jul 18, 2022Scott John StewartDirectorSale26,926$7.04$189.6KForm 4
Jul 15, 2022Scott John StewartDirectorSale8,800$7.04$62.0KForm 4
Jul 14, 2022Scott John StewartDirectorSale712$7.00$5.0KForm 4
Jul 11, 2022Scott John StewartDirectorSale1,300$7.01$9.1KForm 4
Jul 7, 2022Scott John StewartDirectorSale23,955$7.18$172.0KForm 4

All 31 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Dustin OlsonChief Executive Officer$773.0K$6.2M66
2025Jaime VasquezChief Financial Officer$510.0K$1.3M66
2025Brad KalterGeneral Counsel, Chief Compliance Officer & Corporate Secretary$448.8K$1.2M66
2024Dustin OlsonChief Executive Officer$773.0K$4.1M66
2024Brad KalterGeneral Counsel, Chief Compliance Officer & Corporate Secretary$417.3K$1.4M66
2024Jaime VasquezChief Financial Officer$431.5K$1.2M66
2023Dustin OlsonChief Executive Officer$758.1K$3.9M66
2023Brad KalterGeneral Counsel, Chief Compliance Officer & Corporate Secretary$398.2K$1.4M66

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Sep 13, 2024Raised $90 million in a private offering of equity Form D: 7 investors so far Form D
  2. May 10, 2024Filed a private offering of securities Form D: 1 investor so far Form D
  3. Mar 17, 2022Raised $250 million in a private offering of equity Form D: 25 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Sylebra Capital LLC34,077,574$276.4M29.3%No change
Abundance Wealth Counselors25,312,529$205.3M13.3%+16,776,002
BlackRock, Inc.11,102,761$90.0M0.0%+1,378,941
Longview Asset Management, LLC9,716,394$78.8M0.8%No change
Vanguard Portfolio Management LLC7,936,333$64.4M0.0%+921,873
Vanguard Capital Management LLC7,513,543$60.9M0.0%+548,078
Alyeska Investment Group, L.P.5,708,362$46.3M0.1%New
Rokos Capital Management LLP4,927,873$40.0M0.5%+3,479,089
Shay Capital LLC4,641,331$37.6M4.2%+772,216
Geode Capital Management, LLC3,830,943$31.1M0.0%+378,037
Gladstone Institutional Advisory LLC3,598,437$29.2M0.9%+285,934
State Street Corp3,331,674$27.0M0.0%+355,675
Point72 Asset Management, L.P.3,283,039$26.6M0.0%+1,283,315
Simplify Asset Management Inc.3,048,190$24.7M0.3%+1,277,412
Susquehanna International Group, Llp2,650,847$21.5M0.0%+1,297,855
Samlyn Capital, LLC2,534,988$20.6M0.3%−4,718
Morgan Stanley2,345,268$19.0M0.0%−511,856
PNC Financial Services Group, Inc.1,648,800$13.4M0.0%+203,244
Yaupon Capital Management LP1,566,684$12.7M0.4%New
SWS Partners1,434,924$11.6M2.5%+405,045
Northern Trust Corp1,351,802$11.0M0.0%+190,219
UBS Group AG1,252,171$10.2M0.0%+114,349
Charles Schwab Investment Management Inc1,199,292$9.7M0.0%+147,684
NewEdge Advisors, LLC1,186,811$9.6M0.0%+1,017,488
Bank Of Montreal /can/1,172,405$9.5M0.0%+41,438

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How PureCycle Technologies, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPureCycle Technologies, Inc.1
  • CIK0001830033
  • Employer ID (EIN)86-229309111
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company11
  • Incorporated inDelaware11
  • Fiscal year endsDecember 311
  • Industry code (SIC)2821 Plastic Materials, Synth Resins & Nonvulcan Elastomers1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address20 North Orange Ave, Suite 106, Orlando, FL 328011
  • Phone877-648-35651
  • Shares outstanding200,904,810 as of Aug 4, 20269
  • Public float$1.9B as of Jun 30, 202511
  • AuditorGRANT THORNTON LLP, Southfield, Michigan PCAOB ID 248; it also attests to the company’s internal control over financial reporting11
  • On EDGAR sinceNov 20, 20201
  • Filings513 in all: 4 (195), 8-K (98), 424B3 (43), 3 (22), 10-Q (17), CORRESP (11), SC 13G/A (9), UPLOAD (9)1
    All 45 form types

    SC 13G (8), EFFECT (7), SCHEDULE 13G/A (7), DEF 14A (6), 10-K (5), 144 (5), DEFA14A (5), 144/A (4), 4/A (4), 424B5 (4), 8-K/A (4), ARS (4), S-1/A (4), 3/A (3), D (3), S-3 (3), S-4/A (3), 424B7 (2), NT 10-K (2), NT 10-Q (2), PRE 14A (2), S-1 (2), S-3/A (2), S-3ASR (2), SC 13D/A (2), SCHEDULE 13D/A (2), SEC STAFF LETTER (2), 8-A12B (1), CERT (1), CT ORDER (1), FWP (1), POS AM (1), PRER14A (1), S-4 (1), S-8 (1), SC 13D (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Mar 27, 2026
    Latest 8-K (8-K) Aug 31, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.001 per sharePCTThe Nasdaq Stock Market LLC
Warrants, each exercisable for one share of common stock, $0.001 par value, at an exercise price of $11.50 per sharePCTTWThe Nasdaq Stock Market LLC
Units, each consisting of one share of common stock, $0.001 par value, and three quarters of one warrantPCTTUThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).11

Risk factors and legal proceedings

The risks PureCycle Technologies, Inc. names in Item 1A of its 10-K filed Feb 26, 2026: 29 risks under these headings, as written.11

  • Risks Related to PCT’s Status as a Low-Revenue Early Commercial-Stage Company
  • PCT is a low-revenue early commercial-stage company, and may never achieve or sustain profitability, which depends on the successful commercialization and scale-up of PureFive® resin products, and any other products PCT may develop in the future, to scale in the U.S., Europe and beyond.
  • The License Agreement sets forth certain construction and sales deadlines, which, if missed, could result in a termination or conversion of the license granted under the License Agreement.
  • PCT’s substantial indebtedness, restrictive covenants, and potential inability to obtain additional financing could materially and adversely affect its business, financial condition, results of operations and prospects.
  • PCT faces risks and uncertainties related to litigation, regulatory actions and investigations.
  • Risks Related to PCT’s Operations
  • If PCT is unable to consistently execute capital investment projects to cost, schedule and operability targets, the Company's reputation, economic viability and ability to raise capital could be impacted, and construction of one or more additional PreP and Purification facilities may be delayed or abandoned.
  • Delays in commissioning and obtaining an independent engineer’s certificate of operational performance at the Ironton Facility or any new project could severely impact PCT’s business, financial condition, results of operations and prospects.
  • PCT currently relies on a single facility for all of its operations, and its business is not diversified.
  • Cybersecurity incidents and the failure to maintain the integrity of PCT’s systems or infrastructure, or those of third parties with which PCT does business, could have a material adverse effect on PCT’s business, financial condition, results of operations and prospects.
  • PCT may be unable to sufficiently protect its proprietary rights and may encounter disputes from time to time relating to its use of the intellectual property of third parties.
  • Climate change, or legal, regulatory or market measures to address climate change may materially adversely affect the Company's financial condition and business operations.
The other 19 risks
  • PCT may be negatively impacted by volatility in the political and economic environment, which could have an adverse impact on PCT’s business, financial condition, results of operations and prospects.
  • Risks Related to PCT’s Production of PureFive® Resin
  • There is no guarantee the Technology is scalable to commercial-scale profitability.
  • PCT may not be successful in consummating strategic endeavors for the sale of PureFive® resin products.
  • PCT’s failure to secure sufficient quantities of waste polypropylene could have a negative impact on PCT’s business, financial condition, results of operations and prospects.
  • Because PCT’s global expansion requires sourcing feedstock and supplies and shipping product around the world (including Asia and Europe), changes to international trade agreements, tariffs, import and excise duties, taxes or other governmental rules and regulations could adversely affect PCT’s business, financial condition, results of operations and prospects.
  • There is no guarantee the Feed PreP facilities will be viable or achieve the expected efficiencies.
  • There is no guarantee the “Feedstock+” pricing model will be successful.
  • PCT is subject to many hazards and operational risks at its manufacturing facility that can result in potential injury to individuals, disrupt its business, and subject PCT to liability and increased costs, any of which could have a material adverse effect on PCT’s business, financial condition and results of operations.
  • Risks Related to the Market for PureFive® Resin
  • The market for PureFive® resin is still in the development phase and the acceptance of PureFive® resin by manufacturers and potential customers is not guaranteed.
  • Certain of PCT’s offtake agreements are subject to index pricing, and fluctuation in index prices may adversely impact PCT’s financial results.
  • Competition could reduce demand for PCT’s products or negatively affect PCT’s sales mix or price realization. Failure to compete effectively by meeting consumer preferences, developing and marketing innovative solutions, maintaining strong customer service and distribution relationships, and expanding solutions capabilities and reach could adversely affect PCT’s business, financial condition, results of operations and prospects.
  • Delays to direct customer commercial sales may adversely impact PCT's financial results.
  • Risks Related to Regulatory Developments
  • PCT may not be able to meet applicable regulatory requirements for the use of PCT’s PureFive® resin in food-grade applications, and, even if the requirements are met, complying on an ongoing basis with the numerous regulatory requirements applicable to the PureFive® resin and PCT’s facilities will be time-consuming and costly.
  • Legislative, regulatory or judicial developments could affect PCT’s business, financial condition, results of operations and prospects.
  • Risks Related to Human Capital Management
  • PCT is dependent on management and key personnel, and PCT’s business would suffer if it fails to retain its key personnel and attract additional highly skilled employees.
  • Risks Related to PCT’s Common Stock
  • Future sales of shares of the Company's Common Stock by existing stockholders may depress its stock price.
  • Certain current and former stockholders of PCT have the right to elect a certain number of directors to PCT’s board of directors (the "Board").
  • Future offerings of debt or offerings or issuances of equity securities by PCT may adversely affect the market price of PCT’s Common Stock or otherwise dilute all other stockholders.
  • Conversion of the Green Convertible Notes and the Convertible Preferred Shares (each as defined below) may dilute the ownership interest of PCT stockholders or may otherwise depress the price of the Company's Common Stock.

Legal proceedings

For a description of the legal proceedings pending against us, see “Legal Proceedings” in Note 13 - Commitments and Contingencies to the Notes to the Consolidated Financial Statements appearing elsewhere in this Annual Report on Form 10‑K.

In the future, we may become party to additional legal matters and claims arising in the ordinary course of business. While we are unable to predict the outcome of the above or future matters, we do not believe, based upon currently available facts, that the ultimate resolution of any such pending matters will have a material adverse effect on our overall financial position, results of operations, or cash flows.

The opening of Item 3, Legal Proceedings.11

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