PureCycle Technologies announced the pricing of concurrent public offerings totaling $395 million, including $250 million in 4.75% convertible senior notes due 2032 and common stock shares priced at $8.21 each. The proceeds will be used primarily to repurchase $216 million of existing 7.25% green convertible notes due 2030 and for general corporate purposes. The notes carry a 4.75% interest rate and mature in 2032, with conversion options allowing holders to convert notes into common stock at a premium price. The offerings are expected to close around June 15, 2026, and are managed by Morgan Stanley and Cantor. This refinancing move aims to reduce debt costs and support PureCycle's ongoing business operations in recycling polypropylene plastic waste.
Virginia Virtual Academy (VAVA) students earned the most honors nationwide in the inaugural K12 Writing Competition, with eight winners across poetry, fiction, and nonfiction categories. Over 2,000 students participated, and winners receive $250 and ...
NewtekOne, Inc. announced its Board of Directors declared a quarterly cash dividend of $0.19 per share on common stock and $21.25 per preferred share, payable on July 1, 2026, to shareholders of record as of June 24, 2026. This dividend reflects Newt...
Investors are optimistic about SpaceX's IPO, focusing on Elon Musk's proven ability to turn ambitious visions into reality rather than short-term earnings. Nancy Tengler highlights Musk's history of overcoming near-disasters with Tesla and SpaceX, an...
UniFirst shareholders overwhelmingly approved the company's acquisition by Cintas, with over 99% of votes in favor, representing about 95% of all shares. Under the deal, UniFirst shareholders will receive $155 in cash plus 0.7720 shares of Cintas sto...
American Gold & Copper Inc. (formerly Everlert, Inc.) is in preliminary talks to acquire a 100% interest in the Rimrock copper-gold project in Nevada's Battle Mountain Mining District. The project covers about 4,000 acres and shows significant geolog...
