Otworth Michael 4
4 · PureCycle Technologies, Inc. · Filed Mar 21, 2022
Insider Transaction Report
Form 4
Otworth Michael
DirectorChairman & CEO
Transactions
- Purchase
Common Stock
2022-03-17$7.00/sh+142,856$999,992→ 4,436,852 total - Purchase
Warrants (Right to Buy)
2022-03-17+71,428→ 71,428 totalExercise: $11.50From: 2022-09-17→ Common Stock (71,428 underlying)
Footnotes (2)
- [F1]Represents shares purchased by the Reporting Person in connection with a $250 million private placement transaction consummated on March 17, 2022 (the "PIPE Offering") by PureCycle Technologies, Inc. (the "Company").
- [F2]The securities reported in this Form 4 were acquired in the PIPE Offering in a combination of one share of the Company's common stock, par value $0.001 per share ("Common Stock"), and an accompanying one-half of one warrant to purchase one share of Common Stock (the "Warrants"), at a combined price of $7.00. The Warrants will expire on the earlier of (i) March 17, 2026 and (ii) the date fixed for redemption of the Warrants.