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Periphas Capital Partnering Corporation (NYSE: PCPC) announced the expected redemption of its Class A common stock shares on December 28, 2022. The redemption price is estimated to be about
On November 29, 2022, Periphas Capital Partnering Corporation (PCPC) announced the redemption of all its outstanding Class A common stock shares, effective around December 21, 2022. Trading for these shares will end on December 14, 2022, with shares suspended from trading on December 15, 2022. The redemption amount per share will be disclosed later. Holders of Class B and Class F shares will not have redemption rights.
The company plans to file a Form 25 to delist its securities from the New York Stock Exchange.
Periphas Capital Partnering Corporation (NYSE: PCPC) announced its board has decided not to extend its corporate existence and will redeem all outstanding Class A common stock effective December 15, 2022. This decision follows the inability to negotiate a partnering transaction, leading to the cancellation of a special stockholder meeting originally scheduled for December 12, 2022. As a result, trading of Class A Shares will conclude on December 14, 2022. The company plans to file for delisting with the SEC and will redeem shares based on trust account funds.
Periphas Capital Partnering Corporation has announced the pricing of its initial public offering (IPO) of 14,400,000 CAPS™ at $25.00 each, expected to start trading on the NYSE under symbol PCPC.U on December 10, 2020. Each CAPS™ includes one share of Class A common stock and one-quarter warrant to purchase additional shares at $28.75. The offering is projected to close on December 14, 2020, with Evercore Group serving as the book-running manager. The company has granted a 45-day option to purchase an additional 2,160,000 CAPS™ to cover over-allotments.