PureCycle Technologies (Nasdaq: PCT ) has announced a $90 million financing transaction with Sylebra Capital Management and Samlyn Capital, The deal includes a $50 million Series A Preferred Stock issuance, an 8.5 million common stock sale, and warrants for 5 million shares. Additionally, Sylebra Capital extended its $200 million line of credit to March 2026. The company also reported significant progress at its Ironton Facility, achieving feed rates over 10,000 pounds per hour and processing more than 200,000 pounds of feedstock in a day. PureCycle aims to produce one million pounds in a week during Q3 and is transitioning to commercial operations with increased revenues expected in Q4.