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PureCycle Technologies Said in Talks to Go Public Via Roth SPAC

  • Recycling company had held talks with Graf Industrial
  • Roth SPAC is seeking to raise about $200 million in new equity

PureCycle Technologies LLC, a polypropylene recycling company, is in talks to go public through a merger with Roth CH Acquisition I Co., according to people with knowledge of the matter.

Newport Beach, California-based Roth, a special purpose acquisition company, is in discussions with prospective investors to raise about $200 million for a transaction, said some of the people, who requested anonymity because the talks are private. The merged entity would have a market value of $1.1 billion and an enterprise value of roughly $825 million, they said. As with all deals that aren’t yet finalized, it’s possible talks could collapse.