Pure Cycle Corp (PCYO) News & EventsPCYOPure Cycle Corp

Pure Cycle Receives Nomination for Board Candidates from Maran Partners

Pure Cycle confirmed that it has received notice from Maran Partners Fund, LP, a fund managed by Maran Capital Management, that it has nominated five individuals to stand for election to the Pure Cycle Board of Directors at the company's 2027 Annual Meeting of Shareholders. The Board's Nominating and Corporate Governance Committee will review the proposed nominees in accordance with the company's process and guidelines. The Board will make its formal recommendation regarding director nominations in the company's proxy statement, which will be filed with the SEC and mailed to shareholders eligible to vote at the 2027 Annual Meeting of Shareholders.

Pure Cycle Appoints New Independent Director Daniel Roller

Pure Cycle Corporation announced that a new independent director, Daniel Roller, was appointed to its Board of Directors, effective January 14, expanding the Board from 7 to 8 directors. This appointment, made in cooperation with Maran Capital Management, which beneficially owns approximately 14.7% of Pure Cycle's common shares, further strengthens the Board and adds new skillsets and capabilities. In connection with this appointment, the Board will form a Strategy and Capital Allocation Committee, to be chaired by Mr. Roller. Pursuant to a cooperation agreement, Maran has agreed to a customary standstill, voting and other provisions. Roller is the Founder, President and CIO of Maran Capital Management.

Pure Cycle Reports Q1 Revenue of $9.14M, Up 58% Year-over-Year

Reports Q1 revenue $9.14M vs. $5.75M last year. "We are pleased to welcome two new national home builders to our portfolio of customers Pulte Group and Oakwood who together with our other builders including Lennar, DR Horton, KB, Taylor Morrison, and Challenger are producing some of the finest entry level homes in the Denver metropolitan area. Sky Ranch continues to rank as one of the most affordable master planned communities in Denver. This year also brings the start of construction for our Charter High School, scheduled to open in the fall of 2026, which will bring a full K-12 school campus to Sky Ranch. We are grateful for our continued partnership with National Heritage Academy as our Charter operator at Sky Ranch and having a walkable school campus for our community," commented Mark Harding, CEO of Pure Cycle. "We look forward to investing in improvements in 2026 such as beginning construction of a new interchange at I-70 which will allow continued expansion of the remaining residential phases as well as our valuable commercial opportunities at Sky Ranch," continued Harding.