Shares of PureCycle Technologies, Inc. (PCT) are dropping around 16 percent on Thursday morning following the company's announcement regarding the pricing of its previously announced underwritten public offerings of $250.0 million aggregate principal amount of its 4.75% convertible senior notes due 2032 and, concurrently, 17,661,388 shares of its common stock, par value $0.001 per share for $8.21 per share.
The company's stock is currently trading at $8.28, down 16.24 percent, over the previous close of $9.89 on the Nasdaq. It has traded between $4.93 and $17.37 in the past one year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.