<SEC-DOCUMENT>0001654954-19-013160.txt : 20191119
<SEC-HEADER>0001654954-19-013160.hdr.sgml : 20191119
<ACCEPTANCE-DATETIME>20191119123044
ACCESSION NUMBER:		0001654954-19-013160
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20191119
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20191119
DATE AS OF CHANGE:		20191119

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PURE CYCLE CORP
		CENTRAL INDEX KEY:			0000276720
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				840705083
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08814
		FILM NUMBER:		191230034

	BUSINESS ADDRESS:	
		STREET 1:		34501 E. QUINCY AVE
		STREET 2:		BLDG. 34
		CITY:			WATKINS
		STATE:			CO
		ZIP:			80137
		BUSINESS PHONE:		3032923456

	MAIL ADDRESS:	
		STREET 1:		34501 E. QUINCY AVE
		STREET 2:		BLDG. 34
		CITY:			WATKINS
		STATE:			CO
		ZIP:			80137
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>pcyo_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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UNITED STATES</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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Washington, D.C. 20549</font></div>
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FORM 8-K</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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CURRENT REPORT</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Date of
Report (Date of earliest event reported): <font style="font-weight: bold">November 19, 2019</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
PURE CYCLE CORPORATION</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Exact
name of registrant as specified in its charter)</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Colorado</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(State
or other jurisdiction of incorporation)</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
0-8814</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
84-0705083</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 47%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(Commission
File Number)</font></div>
</td>
<td style="vertical-align: top; width: 5%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(IRS
Employer Identification No.)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
34501 East Quincy Avenue, Building 34, Box 10, Watkins, CO
80137</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Address
of principal executive offices) (Zip Code)</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; text-indent: 0px; margin-right: 0px;"><font style="font-weight: bold; text-decoration: underline; font-family: Times New Roman; font-size: 13px">
</font><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px;">Registrant&#x2019;s
telephone, including area code&#xA0;&#xA0;</font> <font style="font-weight: bold; text-decoration: underline; font-family: Times New Roman; font-size: 13px">
(303) 292-3456</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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N/A</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Former
name or former address, if changed since last report.)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
<a name="_DV_C5"><!--anchor--></a>Securities registered
pursuant to Section 12(b) of the Act:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Common Stock 1/3 of $.01 par value</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;<font style="font-weight: bold">PCYO</font></font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
The NASDAQ Stock Market</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Title
of each class)</font></div>
</td>
<td style="vertical-align: top; width: 27%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;(Trading
Symbol(s))</font></div>
</td>
<td style="vertical-align: top; width: 37%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(Name
of each exchange on which registered)</font></div>
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</tr></table>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions <font style="font-style: italic">(see</font> General Instruction A.2.
below):</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 12px; text-indent: 0px; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0; &#xA0;&#xA0;
&#x2610; Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 0px">
&#xA0;&#x2610; <font style="font-family: Times New Roman; font-size: 13px">Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 0px">
&#xA0;&#x2610; <font style="font-family: Times New Roman; font-size: 13px">Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 0px">
&#xA0;&#x2610; <font style="font-family: Times New Roman; font-size: 13px">Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule&#xA0;405 of the Securities Act of 1933
(&#xA7;&#xA0;230.405 of this chapter) or Rule&#xA0;12b-2 of the
Securities Exchange Act of 1934 (&#xA7;&#xA0;240.12b-2 of this
chapter).</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Emerging growth
company &#x2610;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section&#xA0;13(a) of the Exchange Act.
&#x2610;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">This
current report on Form&#xA0;8-K is filed by Pure Cycle Corporation
(the &#x201C;Registrant&#x201D;), a Colorado corporation, in
connection with the matters described herein.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Item 8.01&#xA0;&#xA0;&#xA0; Other Events.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">On
November 19, 2019, the Registrant issued a press release announcing
receipt of a $10.5 million payment from bond proceeds issued by Sky
Ranch Community Authority Board. A copy of the press release is
attached to this report as Exhibit&#xA0;99.1.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Item 9.01&#xA0;&#xA0;&#xA0; Financial Statements and
Exhibits.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(d)&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<font style="text-decoration: underline">Exhibits</font>.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Exhibit No.</font></div>
</td>
<td style="vertical-align: middle; width: 1%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 89%; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Description</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 10%;">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><a href="pcyo_ex991.htm"><font style="font-family: Times New Roman; font-size: 13px">99.1</font></a></div>
</td>
<td style="vertical-align: middle; width: 1%;">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: middle; width: 89%;">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Press Release dated November 19, 2019 announcing receipt of a $10.5
million payment from bond proceeds issued by Sky Ranch Community
Authority Board</font></div>
</td>
</tr></table>
</div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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SIGNATURE</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Pursuant to the
requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.</font></div>
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<td colspan="2" rowspan="1" style="vertical-align: bottom; width: 38%;"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">PURE
CYCLE CORPORATION</font></td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Date:</font>
<font style="font-family: Times New Roman; font-size: 13px">November&#xA0;19,
2019</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/ <font style="font-family: Times New Roman; font-size: 13px">Mark W.
Harding</font></font></div>
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<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">President and Chief
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<TYPE>EX-99.1
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<FILENAME>pcyo_ex991.htm
<DESCRIPTION>PRESS RELEASE
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&#xA0; <font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Exhibit 99.1</font><br></font></div>
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Pure Cycle Corporation Announces</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Receipt
of $10.5 million Payment</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">November
19, 2019</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Denver,
Colorado &#x2013; November 19, 2019 &#x2013; Pure Cycle Corporation
(NASDAQ Capital Market: PCYO) (&#x201C;Pure Cycle&#x201D; or the
&#x201C;Company&#x201D;) today reported the Sky Ranch Community
Authority Board has successfully closed over $13 million in
municipal bond financing and repaid $10.5 million in public
improvement reimbursables to the Company.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><a name="_Hlk23948588"><!--anchor--></a>On November 18, 2019, the Sky
Ranch Community Authority Board <font style="color: #26282A; background-color: #FFFFFF">(the
&#x201C;CAB&#x201D;)</font>, <font style="color: #26282A; background-color: #FFFFFF">a political subdivision
and a public corporation of the State of Colorado responsible for
the construction, design and financing of the public improvements
at Sky Ranch, successfully sold tax-exempt, fixed rate senior bonds
in the aggregate principal amount of approximately $11,435,000 and
tax-exempt, fixed-rate subordinate bonds in the aggregate principal
amount of approximately $1,760,000, generating approximately $10.5
million of net proceeds available to repay advances for public
improvements.</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">"We are
pleased with the successful issuance of Sky Ranch CAB&#x2019;s first
municipal financing," commented Mark Harding, President of Pure
Cycle Corporation. &#x201C;The CAB&#x2019;s underwriter, Citigroup
Global Markets Inc., did a terrific job with this financing and
attributed the bonds being issued at a premium to their 5% coupon
to the success of the Company&#x2019;s initial phase of Sky Ranch,
which allowed the CAB to raise more than $600,000 of additional
proceeds than originally estimated. <font style="color: #26282A; background-color: #FFFFFF">We continue to finish
lots and our home builders continue to enjoy high demand for houses
at Sky Ranch. As we continue delivering lots ahead of our original
schedule, we look forward to breaking ground on our second phase
next summer, which will include a broad mix of residential product
offerings and commercial development along I-70 near the
interchange,&#x201D; continued Mr. Harding.</font></font></div>
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Company Information</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Pure
Cycle owns land and water assets in the Denver, Colorado
metropolitan area. Pure Cycle provides water and wastewater
services to customers located in the Denver metropolitan area,
including the design, construction, operation and maintenance of
water and wastewater systems, and operates a land development
segment that is developing a master planned mixed-use
community.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Additional
information including our recent press releases and Annual Reports
are available at <font style="text-decoration: underline; color: #0000FF">www.purecyclewater.com</font>,
or you may contact our President, Mark W. Harding, at 303-292-3456
or at <font style="text-decoration: underline; color: #0000FF">info@purecyclewater.com</font>.</font></div>
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Forward-Looking Statements</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">This
press release contains forward-looking statements within the
meaning of Section&#xA0;27A of the Securities Act of 1933, as
amended, and Section&#xA0;21E of the Securities Exchange Act of
1934, as amended. Forward-looking statements are all statements,
other than statements of historical facts, included in this press
release that address activities, events or developments that we
expect or anticipate will or may occur in the future, such as
statements about the following: the continued completion of
finished lots and delivery of lots ahead of our original schedule;
the continued high demand for houses at Sky Ranch; the timing of
breaking ground on the second phase of Sky Ranch; and the mix of
product offerings and commercial development in the second phase of
Sky Ranch. The words &#x201C;anticipate,&#x201D;
&#x201C;likely,&#x201D; &#x201C;may,&#x201D; &#x201C;should,&#x201D;
&#x201C;could,&#x201D; &#x201C;will,&#x201D; &#x201C;believe,&#x201D;
&#x201C;estimate,&#x201D; &#x201C;expect,&#x201D; &#x201C;plan,&#x201D;
&#x201C;intend&#x201D; and similar expressions are intended to
identify forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain and involve
risks and uncertainties that could cause actual results to differ
materially. Factors that could cause actual results to differ from
projected results include, without limitation: the timing of oil
and natural gas development in the areas where we sell our water;
the market price of oil and natural gas; weather; home mortgage
interest rates and other factors impacting the housing market and
home sales; market conditions for debt offerings; the risk factors
discussed in Part&#xA0;I, Item&#xA0;1A of our most recent Annual
Report on Form&#xA0;10-K for the fiscal year ended August 31, 2019;
and those factors discussed from time to time in our press
releases, public statement and documents filed or furnished with
the U.S. Securities and Exchange Commission. Except as required by
law, we disclaim any obligation to update publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.</font></div>
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