PureCycle Technologies issues shares of Preferred Stock, Common Stock, and Warrants

Client(s) PureCycle Technologies LLC

Jones Day represented PureCycle Technologies, Inc. in connection with the establishment, issuance, and sale of 50,000 shares Series A Preferred Stock, which shares mature in three years and bear interest, payable quarterly in cash or in-kind, at 8%, with an initial issuance price of $1,000 per share, and the sale of 8,528,786 shares of Common Stock and 5,000,000 Series C Warrants to purchase Common Stock, all for an aggregate purchase price of $90 million. The sale was made to certain existing investors in transactions exempt from registration under Section 4(a)(2) of the Securities Act.