Exhibit 10.22 . RESTRICTED STOCK AGREEMENT . In April, Graf Industrial Corp. said it was negotiating with PureCycle. Through this partnership with Michelin, we will be in a position to develop a breakthrough technology with a view to transforming future materials in a sustainable way.”. This strategic partnership reflects the attractiveness and potential of chemical process electrification, both environmentally and commercially, for world-scale players in the chain value. 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. PP recycling startup PureCycle Technologies will be purchased by investment firms that will list the company publicly. This process, developed by The Procter & Gamble Company (“P&G”), and commercialized by PureCycle, is both more cost-efficient and environmentally sustainable than … This date change means that we will shift from three days of an exhibit hall to two days on Tuesday and Wednesday, June 29-30. PureCycle Technologies will make high-quality, recycled PP widely available for purchase across industries. We look forward to partnering with the Roth CH team on an efficient, accelerated path for a successful public listing.”, Byron Roth, chairman and CEO of Roth CH, says, “We searched for a business combination that would not only be a compelling growth company but could also benefit from the relationships and experience of our two growth investment banks. According to the WDF, a CBU is similar to a carbon credit, a tradable certificate representing the offset of one metric ton of CO2 or the equivalent amount of a different greenhouse gas. The company says the polymer regeneration process is in line with its strategic vision and product sustainability objectives. The Washington-based American Forest & Paper Association (AF&PA) and the Chicago-based National Paper Trade Association (NPTA) have announced that Paper2021, which had been scheduled for March 14-16 in Atlanta, has now been canceled. We utilize our proprietary DownSelect process to identify which technologies meet our accelerated adoption and market penetration targets, and then seed and establish these transformational Platform Companies. Additional information about the proposed transaction will be described in a registration statement relating to the merger, which the newly created publicly-listed holding company, to be renamed PureCycle Technologies, Inc. upon closing of the transaction, will file with the SEC. PureCycle Technologies Inc. This process, developed by The Procter & Gamble Company (“P&G”), and commercialized by PureCycle, is both more cost-efficient and environmentally sustainable than … “Our recycling process produces virgin-like resin that we believe is suitable for high-value, food-grade consumer products, and we believe we are well-positioned to meet the consumer demand for recycled content as well as global sustainability mandates. The joint development agreement, which will account for an investment of more than 20 million euros (or about $24 million), will combine Pyrowave’s expertise with Michelin’s know-how. Additionally, ROCH today entered into definitive purchase agreements for a $250 million common stock PIPE transaction. PureCycle raised about $250 million in a tax-exempt municipal bond offering in October to fund the construction of its Ironton facility. Upon closing of the transaction, the newly created holding company will be re-named "PureCycle Technologies, Inc." and will be listed on the Nasdaq Capital Market under the new ticker symbol PCT. PureCycle Technologies licenses this technology from Procter & Gamble. 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. We believe in the potential of Pyrowave technology and share their vision for a more sustainable future through innovation.”, Jocelyn Doucet, co-founder and chief executive officer of Pyrowave, adds, “Our partnership marks the beginning of the industrialization phase, drawing on the expertise and technical soundness of the Michelin Group. This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. PURECYCLE TECHNOLOGIES LLC: MICHAEL OTWORTH: MICHAEL OTWORTH: CEO: 2020-07-10: Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. We look forward to sharing additional details on this exciting transaction in the coming months. Superior, Wisconsin-based Exodus Machines has announced a name change to Exodus Global. The proceeds of this transaction are intended to provide us with the balance sheet strength to accelerate the global rollout of our proven technology addressing the immense global problem associated with polypropylene waste. ©Craig-Hallum Capital Group LLC. Forward-looking statements can be identified by words such as: "expect," "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. The company is building its first commercial-scale plant in Ironton, Ohio, which is expected to have 107 million pounds of capacity per year when it’s fully operational. Upon closing of the transaction, the newly created holding company will be re-named “PureCycle Technologies, Inc.” and will be listed on the Nasdaq Capital Market under the new ticker symbol PCT. PureCycle Technologies’ process offers the only recycled polypropylene with properties equal to virgin polymer. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. THE DETAILS Upon closing, the newly created holding company will be re-named PureCycle Technologies Inc and will be … The company, now called PureCycle Technologies, deployed the process at a commercial scale for the first time in July at its $300 million plant in Hanging Rock, Ohio, where it … According to an investor presentation from Roth CH Acquisition, the companies aim to complete the merger of PureCycle into Roth CH's portfolio by the first quarter of 2021. The technology aims to generate recycled styrene from plastics found in packaging, insulation panels and household appliances. Pure Cycle Environmental, LLC specializes in Diffusion Dialysis acid recovery systems that yield cost effective methods for reclaiming and reusing acids, while … Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. PureCycle Technologies finds Partners to Accelerate its Revolutionary Plastics Recycling Process - Advanced Waste Solutions "These partners are helping us accelerate as we bring this solution to the market," said Mike Otworth , CEO of PureCycle Technologies . We believe PureCycle’s technology will be transformative in plastic recycling and help companies meet their sustainability goals. “We take the health and safety of our industry, attendees and staff very seriously,” states Heidi Brock, AF&PA president and CEO, and Matthew Bruno, NPTA’s executive vice president, in an email to potential participants. Of the approximately 170 billion pounds of polypropylene waste produced annually, less than 1 percent is recycled today; the remainder largely ends up in landfills and the ocean, creating a massive environmental problem. Otworth said PureCycle believes its technology, which was developed by Procter & Gamble Co. and uses a solvent-based purification process, can return waste PP … The company says it expects to announce its next location in Europe and to begin production in 2023 with a nameplate capacity of about 107 million pounds when fully operational. Our first portfolio company, PureCycle Technologies is on track to $1B+ market cap. Pyrowave says its technology enables recycling of plastic scrap by using electricity. About PureCycle. This isn’t the first time that PureCycle has been near a SPAC merger. PureCycle Technologies offers the only recycled polypropylene with properties equal to virgin polymer. Roth CH Acquisition I Co and PureCycle Technologies have announced that they have entered into a definitive merger agreement. (Bloomberg) -- PureCycle Technologies LLC, a polypropylene recycling company, is in talks to go public through a merger with Roth CH Acquisition I Co., … Its recycling service converts waste plastic into virgin-like plastic fully closing the loop on the reuse of recycled plastics while making recycled polypropylene more accessible at scale to companies desiring to use a sustainable, recycled resin. PureCycle Technologies, a plastics recycling company with technology from Procter & Gamble Company (NYSE: PG), is going public via a special purpose acquisition company. PureCycle Technologies Inc. is developing a commercial-scale PP recycling facility in Ironton, Ohio. PureCycle Technologies Inc. French energy and plastics firm Total SA said May 19 it's exploring building a recycling plant in Europe with chemical recycling firm PureCycle Technologies Inc. France-based Michelin Group has entered into a joint development agreement with Quebec-based Pyrowave to accelerate a plastic scrap recycling technology. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. PureCycle Technologies is … Our proven approach systematically matches and aligns innovative technologies with substantial market opportunities, and then quickly commercializes to create highly successful, high value businesses. PureCycle Technologies offers the only recycled polypropylene with properties comparable to virgin polymer. The certificate was presented to Pacific Steel at its corporate offices in Great Falls. Last year, PureCycle delivered a groundbreaking announcement that Phase I of the project, the Feedstock Evaluation Unit, had purified waste carpet – transforming discarded carpet into clear, odorless, ultra-pure recycled polypropylene (UPRP). Production in Ironton is expected to start in late 2022, with full capacity expected to be achieved by 2023. The firm says the change was made to reflect its expanding manufacturing operations. Investment firms … Upon closing of the transaction, the newly created holding company will be re-named “PureCycle Technologies, Inc.” and will be listed on the Nasdaq Capital Market under the new ticker symbol PCT. The company secured about $250 million in bonds for the facility. About PureCycle PureCycle Technologies LLC holds the exclusive global license to commercialize the only patented solvent-based purification recycling technology for restoring waste polypropylene into virgin-like resin. Michelin's Sonia Artinian-Fredou (left) and Eric-Philippe Vinesse (right) sign a joint development agreement with Pyrowave's Jocelyn Doucet (center). Michelin’s joint development agreement with Pyrowave will result in the implementation of new value chains in the circular economy with goals of redesigning new packaging or manufacturing new products from recycled plastics in the automotive, electronics and tire sectors. We are pleased to market and underwrite this bond financing, and we are proud to be associated with PureCycle and the positive global impact it will have on the environment in closing the loop on polypropylene recycling,” said Timothy Hoover, managing director, Piper Sandler & Co. PureCycle is a portfolio company of Innventure. All Rights Reserved. “Our companies have done a great job of building a strong presence of our United States-manufactured Fortress line in Australia, Canada and Europe,” adds Boreen. In an email to current and prospective exhibitors, Waste360 Vice President Marc Acampora writes, “WasteExpo has made the proactive decision to reschedule WasteExpo 2021 from its original dates in April to June 28-30, 2021, in the Central Halls of the Las Vegas Convention Center.”, Acampora adds, “This decision was made with our community in mind, as many of you have expressed an interest in postponing the show to provide some breathing room and instill confidence in a successful 2021 event for all involved. Upon closing, the created holding company will be renamed PureCycle Technologies Inc. and will be listed on the Nasdaq Capital Market under the new ticker symbol PCT. “Pacific Steel & Recycling has been a fantastic partner for us in reclaiming and recycling scrap metal left behind at orphaned well sites,” says Shuck. The current global challenges surrounding polypropylene waste are significant. PURECYCLE TECHNOLOGIES LLC: MICHAEL OTWORTH: MICHAEL OTWORTH: CEO: 2020-02-05: Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. Purecycle Technologies, Inc. is a North Carolina Business Corporation filed on June 12, 1997. PureCycle is also working toward submitting for a letter of non-object from the Food and Drug Administration for its UPRP to be used in food grade applications. PureCycle Technologies will make high-quality, recycled PP widely available for purchase across industries. PureCycle Technologies completes $250 million bond raise; begins construction on Phase II industrial line in Ironton, Ohio. Our proprietary process removes color, odor, and other contaminants from recycled feedstock resulting in virgin-like polypropylene suitable for any PP market. Upon closing of the transaction, the newly created holding company will be re-named “PureCycle Technologies, Inc.” and will be listed on the Nasdaq Capital Market under the new ticker symbol PCT. PureCycle Technologies, is announcing it has partnered with global industrial manufacturer, Milliken & Company, and the world’s largest food and beverage company, Nestlé S.A., as it moves forward with plans to open its first plant to restore used polypropylene (PP) plastic to ‘virgin-like’ quality with a revolutionary recycling method. This milestone, 5 years after Company launch, is an important proof point that the Innventure model is indeed a transformative approach that turns great disruptive technologies into high value enterprises that will change the world. Additionally, ROCH today entered into definitive purchase agreements for a $250 million common stock PIPE transaction. PureCycle Technologies offers the only recycled polypropylene with properties equal to virgin polymer. A startup named PureCycle Technologies has broken ground on a $120 million polypropylene (PP) recycling facility in Ironton, Ohio. Roth CH Acquisition also has entered into definitive purchase agreements for a $250 million common stock PIPE transaction, which is also expected to close in the first quarter of 2021. PureCycle and Roth representatives didn’t immediately respond to requests for comment. Upon completion, PureCycle’s first plant is expected to produce over 105 million pounds of ultra-pure recycled polypropylene (UPRP) per year, which will be used in consumer goods packaging, home furnishings, and other applications that currently have very limited options for recycled PP today. 8 talking about this. Exodus Global is a privately held family business consisting of a group of companies, including demolition shear producer ShearCore; replacement shear blade supplier BladeCore; quick coupler provider OilQuickUSA; and Connect Work Tools, which makes hydraulic breakers, compactors, grapples and pulverizers. We appreciate all of our shareholders and investors that have participated in the IPO and PIPE transactions. From left: Curtis Shuck Jr. of the Well Done Foundation and Pacific Steel & Recycling's Patrick Kons, Kelly Wilson and Kirby Farner, Photo courtesy of the Well Done Foundation, Recycling Today Global Edition back issues, © 2020 GIE Media, Inc. All Rights Reserved. WDF says it represents the removal of 21 metric tons of carbon dioxide (CO2), which is part of the “Pound for Pound” program the scrap recycling firm and the foundation announced earlier this year. RESTRICTED STOCK AGREEMENT . 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