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PureCycle Announces Financing Transaction for $33 Million

1. PureCycle raised $33 million in funding from notable investment firms. 2. The deal is expected to close on February 6, 2025.

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FAQ

Why Bullish?

The $33 million funding boost indicates strong investor confidence in PCT, potentially increasing its value.

How important is it?

This funding will enhance PureCycle's financial position, attracting market interest and influencing stock movements.

Why Short Term?

The transaction's immediate effect on liquidity may bolster PCT's stock price shortly after the close.

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ORLANDO, FL / ACCESS Newswire / February 5, 2025 / PureCycle Technologies, Inc. (Nasdaq:PCT), today, entered into a transaction anchored by Pleiad Investment Advisors Limited, with participation from Sylebra Capital Management, and Samlyn Capital, LLC to raise gross proceeds of $33 million. PureCycle anticipates that the transaction will close on February 6, 2025.

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