Sylebra Capital Llc - Sep 13, 2024 Form 4 Insider Report for PureCycle Technologies, Inc. (PCT)

Role
10%+ Owner
Signature
Matthew Whitehead
Stock symbol
PCT
Transactions as of
Sep 13, 2024
Transactions value $
$22,500,003
Form type
4
Date filed
9/16/2024, 10:54 AM
Previous filing
Jun 10, 2024
Next filing
Sep 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCT Common Stock Purchase $20M +4.26M +14.81% $4.69 33.1M Sep 13, 2024 See Footnote (1) and (2) F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PCT Warrants to Purchase Common Stock Purchase $2.5M +2.5M $1.00 2.5M Sep 13, 2024 Common Stock 2.5M $11.50 See Footnote (1) and (2) F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Sylebra Capital Limited (Sylebra HK) and Sylebra Capital LLC (Sylebra US) are the investment sub-advisers to Sylebra Capital Partners Master Fund, Ltd. (SCP MF), Sylebra Capital Parc Master Fund (PARC MF), Sylebra Capital Menlo Master Fund (MENLO MF), and other advisory clients. SCP MF, PARC MF, MENLO MF and other advisory clients are referred to collectively as the Affiliated Investment Entities. Sylebra Capital Management (Sylebra Cayman) is the investment manager and parent of Sylebra HK. Sylebra Cayman owns 100% of the shares of Sylebra HK, and Daniel Patrick Gibson (Gibson) owns 100% of the Class A shares of Sylebra Cayman and 100% of the membership interests of Sylebra US. Gibson is a founder and Chief Investment Officer of Sylebra Cayman. In such capacities, Sylebra HK, Sylebra US, Sylebra Cayman and Gibson may be deemed to share voting and dispositive power over the securities of the Issuer held by the Affiliated Investment Entities.
F2 These securities are held by the Affiliated Investment Entities. Sylebra HK, Sylebra US, Sylebra Cayman, and Gibson disclaim beneficial ownership of these securities, and this report shall not be deemed an admission that Sylebra HK, Sylebra US, Sylebra Cayman, and Gibson are the beneficial owners of such securities, except to the extent of their pecuniary interest, if any, therein.
F3 The warrants are immediately exercisable; however, the warrants are subject to a 19.9% stock ownership cap. As a result, the warrants are not exercisable by the Affiliated Investment Entities at any time within 60 days of the issue date.
F4 The warrants are exercisable until the earlier of (i) 5:00 p.m. (New York City time) on December 1, 2030 and (ii) the redemption date of the warrants.