SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G |
UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 1)*
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PureCycle Technologies, Inc. (Name of Issuer) |
Common Stock, par value $0.001 per share (Title of Class of Securities) |
74623V103 (CUSIP Number) |
10/30/2024 (Date of Event Which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
Rule 13d-1(b) |
Rule 13d-1(c) |
Rule 13d-1(d) |
SCHEDULE 13G
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CUSIP No. | 74623V103 |
1 | Names of Reporting Persons
SK Geo Centric Co., Ltd. | ||||||||
2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
3 | Sec Use Only | ||||||||
4 | Citizenship or Place of Organization
KOREA, REPUBLIC OF
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Number of Shares Beneficially Owned by Each Reporting Person With: |
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9 | Aggregate Amount Beneficially Owned by Each Reporting Person
3,928,571.00 | ||||||||
10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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11 | Percent of class represented by amount in row (9)
2.3 % | ||||||||
12 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person: (1) Consists of 3,928,571 shares of common stock issuable to SK geo centric Co., Ltd. upon exercise of a warrant.
(2) Based on (i) 173,491,740 shares of common stock outstanding on November 13, 2024 as set forth in the Issuer's Form 10-Q as filed with the SEC on November 15, 2024 and (ii) 3,928,571 shares of common stock issuable to SK geo centric Co., Ltd. upon exercise of a warrant.
(3) See Item 4 below. This constitutes an exit filing for the Reporting Person.
SCHEDULE 13G
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CUSIP No. | 74623V103 |
1 | Names of Reporting Persons
SK Innovation Co., Ltd. | ||||||||
2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
3 | Sec Use Only | ||||||||
4 | Citizenship or Place of Organization
KOREA, REPUBLIC OF
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Number of Shares Beneficially Owned by Each Reporting Person With: |
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9 | Aggregate Amount Beneficially Owned by Each Reporting Person
3,928,571.00 | ||||||||
10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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11 | Percent of class represented by amount in row (9)
2.3 % | ||||||||
12 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person: (1) Consists of 3,928,571 shares of common stock issuable to SK geo centric Co., Ltd. upon exercise of a warrant.
(2) Based on (i) 173,491,740 shares of common stock outstanding on November 13, 2024 as set forth in the Issuer's Form 10-Q as filed with the SEC on November 15, 2024 and (ii) 3,928,571 shares of common stock issuable to SK geo centric Co., Ltd. upon exercise of a warrant.
(3) See Item 4 below. This constitutes an exit filing for the Reporting Person.
SCHEDULE 13G
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Item 1. | ||
(a) | Name of issuer:
PureCycle Technologies, Inc. | |
(b) | Address of issuer's principal executive offices:
20 NORTH ORANGE AVE, SUITE 106, ORLANDO, FL 32801 | |
Item 2. | ||
(a) | Name of person filing:
This Schedule 13G is filed on behalf of the following persons (the "Reporting Persons"):
SK geo centric Co., Ltd.
SK Innovation Co., Ltd. | |
(b) | Address or principal business office or, if none, residence:
SK geo centric Co., Ltd.
51, Jong-ro, Jongno-gu
Seoul, Korea 03161
SK Innovation Co., Ltd.
26, Jong-ro, Jongno-gu
Seoul, Korea 03118 | |
(c) | Citizenship:
SK geo centric Co., Ltd. - Republic of Korea
SK Innovation Co., Ltd. - Republic of Korea | |
(d) | Title of class of securities:
Common Stock, par value $0.001 per share | |
(e) | CUSIP No.:
74623V103 | |
Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
(a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); | |
(b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | |
(c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); | |
(d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); | |
(e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); | |
(f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); | |
(g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); | |
(h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
(i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |
(j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
(k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). | |
Item 4. | Ownership | |
(a) | Amount beneficially owned:
See Row 9 of cover page for each Reporting Person. | |
(b) | Percent of class:
See Row 11 of cover page for each Reporting Person. %
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(c) | Number of shares as to which the person has:
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(i) Sole power to vote or to direct the vote:
See Row 5 of cover page for each Reporting Person. | ||
(ii) Shared power to vote or to direct the vote:
See Row 6 of cover page for each Reporting Person. | ||
(iii) Sole power to dispose or to direct the disposition of:
See Row 7 of cover page for each Reporting
Person. | ||
(iv) Shared power to dispose or to direct the disposition of:
See Row 8 of cover page for each Reporting
Person. | ||
Item 5. | Ownership of 5 Percent or Less of a Class. | |
Ownership of 5 percent or less of a class
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Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
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Item 8. | Identification and Classification of Members of the Group. | |
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Each member of the group is identified on Exhibit A to this Schedule 13G. | ||
Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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Item 10. | Certifications: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. |
SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Comments accompanying signature: Explanatory Note: This Amendment No. 1 to Statement on Schedule 13G (this "Amendment") amends and supplements the Statement on Schedule 13G filed by the Reporting Persons with the U.S. Securities and Exchange Commission on July 18, 2022 (the "Statement"). The purpose of this Amendment is to update the beneficial ownership information on the cover pages and in Item 4 in the Statement, including to indicate that each of the Reporting Persons has ceased to be the beneficial owner of more than five percent of the outstanding shares of common stock of the Issuer and to amend Item 5 of the Statement accordingly. This Amendment constitutes an exit filing for each of the Reporting Persons.
Exhibit Information
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Exhibit A
Joint Filing Agreement |