PureCycle Technologies, Inc. — Form 8-K

PureCycle reported Q3 2026 revenue of $2.3M (vs. $4.5M in Q2), down due to operational issues now resolved and New Jersey's extension of food-contact exemption to 2030, which shifted ~15 food-contact programs (~50M lbs/yr potential) out of 2H 2026. Ironton produced 5.2M lbs (up 14% sequentially); branded programs shipping or in negotiation are expected to reach 45–55M lbs/yr at full ramp (40–50% utilization). Company ended Q3 with $193M liquidity plus $200M undrawn revolver (extended to Sept 2028), total $393M available. Major customers include Procter & Gamble (products on shelves), a large hot-lid customer (railcar shipments began in October), and a cosmetics company (Q4 shipments expected). Fernando Musa appointed Executive Chairman effective Nov 3, 2026. Thailand project financing final terms under negotiation; construction permit issued.