India, June 17 -- PureCycle Technologies, Inc. (PCT) shares jumped 23.72 percent, or $2.82, to $14.31 on Tuesday after the company announced binding agreements for a $300 million capital raise to support its ambitious plan of achieving one billion pounds of installed recycling capacity globally by 2030.
The stock opened at $13.73 and has traded between $13.50 and $15.47 so far today on the Nasdaq. Volume reached 12.22 million shares, well above the average of 2.95 million. The 52-week range stands at $4.50 to $15.58.
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The funding includes investments from notable firms such as Duquesne Family Office, Samlyn Capital, and Sylebra Capital Management. PureCyc...