0001627436-23-000010.txt : 20230828
0001627436-23-000010.hdr.sgml : 20230828
20230828172651
ACCESSION NUMBER: 0001627436-23-000010
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230824
FILED AS OF DATE: 20230828
DATE AS OF CHANGE: 20230828
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sylebra Capital Ltd
CENTRAL INDEX KEY: 0001627436
STATE OF INCORPORATION: K3
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40234
FILM NUMBER: 231217317
BUSINESS ADDRESS:
STREET 1: 28 HENNESSY ROAD, 20TH FLOOR
STREET 2: WAN CHAI
CITY: HONG KONG
STATE: K3
ZIP: 00000
BUSINESS PHONE: 852-2191-2100
MAIL ADDRESS:
STREET 1: 28 HENNESSY ROAD, 20TH FLOOR
STREET 2: WAN CHAI
CITY: HONG KONG
STATE: K3
ZIP: 00000
FORMER NAME:
FORMER CONFORMED NAME: Sylebra HK Co Ltd
DATE OF NAME CHANGE: 20141209
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PureCycle Technologies, Inc.
CENTRAL INDEX KEY: 0001830033
STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5950 HAZELTINE NATIONAL DRIVE, SUITE 300
CITY: ORLANDO
STATE: FL
ZIP: 32822
BUSINESS PHONE: 877-648-3565
MAIL ADDRESS:
STREET 1: 5950 HAZELTINE NATIONAL DRIVE, SUITE 300
CITY: ORLANDO
STATE: FL
ZIP: 32822
FORMER COMPANY:
FORMER CONFORMED NAME: Roth CH Acquisition I Co. Parent Corp.
DATE OF NAME CHANGE: 20201026
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0508
4
2023-08-24
0
0001830033
PureCycle Technologies, Inc.
PCT
0001627436
Sylebra Capital Ltd
28 HENNESSY ROAD, 20TH FLOOR
WAN CHAI
HONG KONG
K3
00000
HONG KONG
0
0
1
0
0
7.25% Green Convertible Senior
14.82
2023-08-24
4
P
0
0
0
A
2024-02-24
2030-08-15
Common Stock
0
0
I
Footnote (1) & (2)
Sylebra Capital Limited (Sylebra HK) and Sylebra Capital LLC (Sylebra US) are the investment sub-advisers to Sylebra Capital Partners Master Fund, Ltd. (SCP MF), Sylebra Capital Parc Master Fund (PARC MF), Sylebra Capital Menlo Master Fund (MENLO MF), and other advisory clients. SCP MF, PARC MF, MENLO MF and other advisory clients are referred to collectively as the Affiliated Investment Entities. Sylebra Capital Management (Sylebra Cayman) is the investment manager and parent of Sylebra HK. Sylebra Cayman owns 100% of the shares of Sylebra HK, and Daniel Patrick Gibson (Gibson) owns 100% of the Class A shares of Sylebra Cayman and 100% of the capital stock of Sylebra US. Gibson is a founder and Chief Investment Officer of Sylebra Cayman. In such capacities, Sylebra HK, Sylebra US, Sylebra Cayman and Gibson may be deemed to share voting and dispositive power over the securities of the Issuer held by the Affiliated Investment Entities.
These securities are held by the Affiliated Investment Entities. Sylebra HK, Sylebra US, Sylebra Cayman and Gibson disclaim beneficial ownership of these securities, and this report shall not be deemed an admission that Sylebra HK, Sylebra US, Sylebra Cayman and Gibson are the beneficial owners of such securities, except to the extent of their pecuniary interest, if any, therein.
The Affiliated Investment Entities purchased $50,000,000 aggregate principal amount at maturity of the Issuers 7.25% Green Convertible Senior Notes due 2030 (the notes), for an aggregate issue price of $45,000,000.
The conversion rate of the notes will initially be 67.4764 shares of the Issuers common stock per $1,000 principal amount at maturity of the notes (or an aggregate of 3,373,820 shares of the Issuers common stock in the case of the notes purchased by the Affiliated Investment Entities). Notwithstanding the foregoing, the Affiliated Investment Entities will not be entitled to receive any shares of the Issuers common stock otherwise deliverable upon conversion of the notes to the extent, but only to the extent, that such receipt would cause any of the Affiliated Investment Entities, or Sylebra HK, Sylebra US, Sylebra Cayman and Gibson, to become, directly or indirectly, the beneficial owner of more than 19.99% of the shares of the Issuers common stock outstanding at such time.
Matthew Whitehead
2023-08-28