0001830033-26-000007
SEC filingPureCycle Technologies amended its warrant agreement, reducing the redemption trigger price to $14.38 per share and extending warrant expiration to March 17, 2027, approved by majority warrant holder consent.
The Second Supplemental Warrant Agreement, entered into on April 16, 2026, following a successful consent solicitation, modifies key terms of the existing Warrant Agreement originally dated May 4, 2020, and first supplemented February 25, 2026. The primary changes lower the stock price threshold required for the Company to redeem outstanding public warrants (excluding certain private warrants) from $18.00 to $14.38 per share over a 20-out-of-30 trading day period, and extend the overall expiration from June 17, 2026, to March 17, 2027. These amendments, approved by holders representing 3,997,627 warrants in favor versus minimal opposition, provide the Company greater flexibility in managing its warrant obligations, potentially facilitating earlier redemption if share prices sustain above the new trigger while giving warrant holders additional time for exercise at the $11.50 strike price. The changes become effective June 17, 2026, aligning with prior expiration timing.