--- title: "PureCycle Shares Slide After Company Prices $250M Notes, $145M Stock Offering" type: "News" locale: "en" url: "https://longbridge.com/en/news/289461748.md" description: "PureCycle Technologies (NASDAQ: PCT) shares dropped over 15% after pricing a $395 million capital raise, comprising $250 million in 4.75% convertible senior notes due 2032 and $145 million in common stock at $8.21 per share. The company intends to use approximately $246.3 million of the proceeds to refinance existing green convertible notes at a lower interest rate, with the remainder allocated for working capital and general corporate purposes." datetime: "2026-06-11T11:57:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289461748.md) - [en](https://longbridge.com/en/news/289461748.md) - [zh-HK](https://longbridge.com/zh-HK/news/289461748.md) --- # PureCycle Shares Slide After Company Prices $250M Notes, $145M Stock Offering **PureCycle Technologies Inc.** (NASDAQ:PCT) shares are under pressure Thursday after the company priced concurrent public offerings totaling $395 million — a capital raise that came on the heels of a parabolic run that saw the stock more than double in three months. - PureCycle stock is feeling bearish pressure. Why is PCT stock dropping? ## **The Offerings** PureCycle priced $250 million in 4.75% convertible senior notes due 2032 and 17,661,388 shares of common stock at $8.21 per share, for aggregate gross proceeds of $395 million. Morgan Stanley is acting as sole bookrunner for both offerings, with Cantor as co-manager. The offerings are expected to close on or about June 15. Underwriters have been granted 30-day over-allotment options that could bring total proceeds to approximately $433 million. ## **Use of Proceeds** The company plans to use the bulk of the proceeds — approximately $246.3 million — to repurchase roughly $216 million in aggregate principal of its existing 7.25% green convertible notes due 2030, effectively refinancing at a lower rate. The remainder will be used to repurchase additional green convertible notes and for working capital and general corporate purposes. ## **The Convertible Notes** The new notes carry a 4.75% annual interest rate, payable semi-annually beginning January 1, 2027, and mature July 1, 2032. The initial conversion price is approximately $11.08 per share — a 35% premium to the $8.21 common stock offering price. PureCycle may not redeem the notes prior to July 6, 2029. **Read Also: Stock Market Today: Dow Jones, S&P 500 Futures Gain Despite Trump's Threats To Iran Amid Stalled Peace Talks—Oracle, CoreWeave, Visa In Focus** ## PureCycle Shares Fall **PCT Price Action:** At the time of publication, PureCycle shares are trading 15.02% lower at $8.40, according to data from Benzinga Pro. _This illustration was generated using artificial intelligence via Midjourney._ ### Related Stocks - [PCT.US](https://longbridge.com/en/quote/PCT.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [ORCL.US](https://longbridge.com/en/quote/ORCL.US.md) - [CRWV.US](https://longbridge.com/en/quote/CRWV.US.md) - [V.US](https://longbridge.com/en/quote/V.US.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) - [ORCL-D.US](https://longbridge.com/en/quote/ORCL-D.US.md) ## Related News & Research - [PureCycle Announces Closing of Concurrent Public Offerings of Convertible Senior Notes and Common Stock | PCT Stock News](https://longbridge.com/en/news/289831133.md) - [‘A huge difference in potential earnings.’ Where CD rates are headed in August — and how to tap in to the 4%-and-up rates](https://longbridge.com/en/news/294078101.md) - [Trump wants world’s lowest US rates; Fed cut odds fall below 1%](https://longbridge.com/en/news/294141570.md) - [3 Regional Bank Stocks Positioned For Higher Mortgage Rates](https://longbridge.com/en/news/293831878.md) - [The Fed has held interest rates at 3.50%-3.75% for 5 straight meetings under Kevin Warsh, a signal that borrowers shouldn't expect relief soon](https://longbridge.com/en/news/294245192.md)