PureCycle Technologies Inc
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
View on SEC.govAbout this filing
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FY2023 · Filed Mar 6, 2024
PCT$2.13+3.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Stockholders' Equity
| For the Year ended December 31, 2023 | ||||||
|---|---|---|---|---|---|---|
| Common stock | ||||||
| (in thousands) | Shares | Amount | Additional paid-in capital | Accumulated other comprehensive loss | Accumulated deficit | Total stockholders' equity |
| Balance, December 31, 2022 | 163,550 | $164 | $753,885 | $(641) | $(242,525) | $510,883 |
| Forfeiture of restricted stock | (1) | — | — | — | — | — |
| Share repurchase | (187) | — | (1,370) | — | — | (1,370) |
| Equity based compensation | 917 | — | 11,829 | — | — | 11,829 |
| Unrealized gain on available for sale debt securities | — | — | — | 623 | — | 623 |
| Cumulative translation adjustment | — | — | — | (14) | — | (14) |
| Net loss | — | — | — | — | (101,715) | (101,715) |
| Balance, December 31, 2023 | 164,279 | $164 | $764,344 | $(32) | $(344,240) | $420,236 |
| For the Year ended December 31, 2022 | ||||||
|---|---|---|---|---|---|---|
| Common stock | ||||||
| (in thousands) | Shares | Amount | Additional paid-in capital | Accumulated other comprehensive loss | Accumulated deficit | Total stockholders' equity |
| Balance, December 31, 2021 | 127,647 | $128 | $539,423 | $(237) | $(157,779) | $381,535 |
| Issuance of common stock | 35,714 | 35 | 205,261 | — | — | 205,296 |
| Forfeiture of restricted stock | (33) | — | — | — | — | — |
| Share repurchase | (212) | — | (1,639) | — | — | (1,639) |
| Equity based compensation | 434 | 1 | 10,840 | — | — | 10,841 |
| Unrealized loss on available for sale debt securities | — | — | — | (404) | — | (404) |
| Net loss | — | — | — | — | (84,746) | (84,746) |
| Balance, December 31, 2022 | 163,550 | $164 | $753,885 | $(641) | $(242,525) | $510,883 |
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY – CONTINUED
| For the Year ended December 31, 2021 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Common stock · Class A · Class B Preferred · Class B-1 Preferred · Class C | ||||||||||||||
| (in thousands) | Shares | Amount | Units | Amount | Units | Amount | Units | Amount | Units | Amount | Additional paid-in capital | Accumulated other comprehensive loss | Accumulated deficit | Total stockholders' equity |
| Balance, December 31, 2020 | — | $— | 3,612 | $88,081 | 1,938 | $20,071 | 1,105 | $41,162 | 775 | $11,967 | $31,182 | $— | $(80,714) | $111,749 |
| Conversion of stock | — | — | 34,386 | (88,043) | 18,690 | (20,050) | 15,217 | (41,146) | 5,936 | (11,960) | 161,199 | — | — | $— |
| Balance at December 31, 2021, effect of reverse recapitalization conversion | — | $— | 37,998 | $38 | 20,628 | $21 | 16,322 | $16 | 6,711 | $7 | $192,381 | $— | $(80,714) | $111,749 |
| Issuance of units upon vesting of Legacy PCT profits interests | — | — | — | — | — | — | — | — | 116 | — | 239 | — | — | 239 |
| Redemption of vested profit units | — | — | — | — | — | — | — | — | (5) | — | (36) | — | — | (36) |
| Removal of beneficial conversion feature upon adoption of ASU 2020-06 | — | — | — | — | — | — | — | — | — | — | (31,075) | — | 437 | (30,638) |
| Merger Recapitalization | 81,754 | 82 | (37,998) | (38) | (20,628) | (21) | (16,322) | (16) | (6,822) | (7) | — | — | — | — |
| ROCH Shares Recapitalized, Net of Redemptions, Warrant Liability and Issuance Costs of $27.9 million | 34,823 | 35 | — | — | — | — | — | — | — | — | 293,931 | — | — | 293,966 |
| Issuance of shares upon conversion of Convertible Notes | 9,165 | 9 | — | — | — | — | — | — | — | — | 61,787 | — | — | 61,796 |
| Issuance of restricted stock awards | 1,775 | 2 | — | — | — | — | — | — | — | — | (2) | — | — | — |
| Issuance of common stock | 236 | 1 | — | — | — | — | — | — | — | — | 999 | — | — | 1,000 |
| Exercise of warrants | 17 | — | — | — | — | — | — | — | — | — | 196 | — | — | 196 |
| Forfeiture of restricted stock | (23) | (1) | — | — | — | — | — | — | — | — | 1 | — | — | — |
| Share repurchase | (131) | — | — | — | — | — | — | — | — | — | (1,695) | — | — | (1,695) |
| Reclassification of redeemable warrant to liability | — | — | — | — | — | — | — | — | — | — | (33) | — | — | (33) |
| Equity based compensation | 31 | — | — | — | — | — | — | — | — | — | 22,730 | — | — | 22,730 |
| Unrealized loss on available for sale debt securities | — | — | — | — | — | — | — | — | — | — | — | (237) | — | (237) |
| Net loss | — | — | — | — | — | — | — | — | — | — | — | — | (77,502) | (77,502) |
| Balance, December 31, 2021 | 127,647 | $128 | — | $— | — | $— | — | $— | — | $— | $539,423 | $(237) | $(157,779) | $381,535 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.