1 |
NAME OF REPORTING PERSON
Sylebra Capital Limited
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3 | SEC USE ONLY | ||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Sylebra Capital Limited is organized in Hong Kong
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 |
SOLE VOTING POWER
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6 |
SHARED VOTING POWER
18,121,856
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7 |
SOLE DISPOSITIVE POWER
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8 |
SHARED DISPOSITIVE POWER
18,121,856
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9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,121,856
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10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.49%
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12 |
TYPE OF REPORTING PERSON
HC, IA
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1 |
NAME OF REPORTING PERSON
Sylebra Capital Management
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3 | SEC USE ONLY | ||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Sylebra Capital Management is organized in the Cayman Islands
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 |
SOLE VOTING POWER
|
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6 |
SHARED VOTING POWER
18,121,856
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7 |
SOLE DISPOSITIVE POWER
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8 |
SHARED DISPOSITIVE POWER
18,121,856
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9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,121,856
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||
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.49%
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12 |
TYPE OF REPORTING PERSON
HC
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1 |
NAME OF REPORTING PERSON
Daniel Patrick Gibson
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3 | SEC USE ONLY | ||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Mr. Gibson is a citizen of Antigua and Barbuda.
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 |
SOLE VOTING POWER
|
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6 |
SHARED VOTING POWER
18,121,856
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7 |
SOLE DISPOSITIVE POWER
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8 |
SHARED DISPOSITIVE POWER
18,121,856
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9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,121,856
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||
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
|
||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.49%
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12 |
TYPE OF REPORTING PERSON
IN
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ITEM 1(a). |
NAME OF ISSUER:
PureCycle Technologies, Inc.
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ITEM 1(b). |
ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
5950 Hazeltine National Drive, Suite 650, Orlando, FL 32822
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ITEM 2(a). |
NAME OF PERSON FILING:
Sylebra Capital Limited ("Sylebra HK");
Sylebra Capital Management ("Sylebra Cayman"); and Daniel Patrick Gibson ("Mr. Gibson") Sylebra HK may be deemed to beneficially own the Shares by virtue of its position as the investment sub-adviser 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. Sylebra Cayman is the investment manager and the parent of Sylebra HK. Mr. Gibson owns 100% of the shares of Sylebra HK and Sylebra Cayman. In such capacities, Sylebra HK, Sylebra Cayman, and Mr. Gibson may be deemed to share voting and dispositive power over the Shares held for SCP MF, PARC MF, Menlo MF and other advisory clients. |
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ITEM 2(b). |
ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
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ITEM 2(c). |
CITIZENSHIP:
Sylebra Capital Limited is organized in Hong Kong
Sylebra Capital Management is organized in the Cayman Islands Mr. Gibson is a citizen of Antigua and Barbuda. |
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ITEM 2(d). |
TITLE OF CLASS OF SECURITIES:
Common Stock
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ITEM 2(e). |
CUSIP NUMBER:
74623V103
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ITEM 3. | IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 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. 78c); | |
(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)
[X] |
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)
[X] |
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)
[X] |
A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); | |
(k)
[ ] |
Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution:
Hong Kong Regulated Investment Adviser
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ITEM 4. | OWNERSHIP | |
(a) Amount beneficially owned: | ||
18,121,856 | ||
(b) Percent of class: | ||
14.49% | ||
(c) Number of shares as to which the person has: | ||
(i) sole power to vote or to direct the vote: | ||
(ii) shared power to vote or to direct the vote: | ||
Sylebra Capital Limited - 18,121,856 Sylebra Capital Management - 18,121,856 Daniel Patrick Gibson - 18,121,856 |
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(iii) sole power to dispose or direct the disposition of: | ||
(iv) shared power to dispose or to direct the disposition of: | ||
Sylebra Capital Limited - 18,121,856 Sylebra Capital Management - 18,121,856 Daniel Patrick Gibson - 18,121,856 |
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ITEM 5. |
OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following
[ ].
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ITEM 6. |
OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
All Shares reported in this Schedule 13G are held by advisory clients of Sylebra HK. Sylebra Capital Partners Master Fund, Ltd is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of,11,167,061 of the Shares, or 8.93% of shares outstanding, covered by this Statement that many be deemed to be beneficially owned by the Reporting Persons.
No other advisory clients individually hold economic interest of more than 5% of outstanding shares. |
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ITEM 7. |
IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
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ITEM 8. |
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
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ITEM 9. |
NOTICE OF DISSOLUTION OF GROUP:
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ITEM 10. |
CERTIFICATION:
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.
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January 21 2022 |
Sylebra Capital Limited
By:
/s/ Matthew Whitehead
Name:
Matthew Whitehead
Title:
Director, COO, CCO, Authorised Signatory
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January 21 2022 |
Sylebra Capital Management
By:
/s/ Matthew Whitehead
Name:
Matthew Whitehead
Title:
Authorised Signatory
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January 21 2022 |
Daniel Patrick Gibson
By:
/s/ Daniel Patrick Gibson
Name:
Daniel Patrick Gibson
Title:
Individual
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