PureCycle Technologies (PCT) entered into a transaction anchored by Pleiad Investment Advisors, with participation from Sylebra Capital Management, and Samlyn Capital to raise gross proceeds of $33M. PureCycle anticipates that the transaction will close on February 6, 2025. The capital raised is expected to assist PureCycle in its efforts to continue bringing its patented dissolution recycling process to market. The investment from Pleiad Investment Advisors Limited, Sylebra Capital Management, and Samlyn Capital highlights their confidence in the Company’s technology and leadership position in the growing sustainability market.
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