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Perception Capital Corp. III - PFTA STOCK NEWS

Welcome to our dedicated page for Perception Capital III news (Ticker: PFTA), a resource for investors and traders seeking the latest updates and insights on Perception Capital III stock.

Perception Capital Corp. III Class A Ordinary Share (symbol: PFTA) is a blank check company. The organization is designed to facilitate mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with other businesses. Led by CEO Rick Gaenzle, Perception Capital Corp. III is dedicated to identifying and partnering with companies that exhibit strong potential for growth and value creation.

As a special purpose acquisition company (SPAC), Perception Capital Corp. III operates by raising capital through an initial public offering (IPO). This capital is then used to acquire or merge with target businesses, providing them with the necessary resources to expand and thrive. The focus is not limited to any specific industry, allowing for a broad spectrum of potential investment opportunities.

Perception Capital Corp. III prides itself on its strategic approach to business combinations, prioritizing partnerships that can deliver substantial returns to shareholders. The recent news and announcements from the company reflect its ongoing efforts to engage in meaningful and lucrative business ventures.

For further information, investors and interested parties can contact Rick Gaenzle, the Chief Executive Officer, at investors@perceptioncapitalpartners.com.

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Perception Capital Corp. III (Nasdaq: PFTA) received a written notice from Nasdaq on August 26, 2024, indicating non-compliance with Nasdaq Listing Rule 5250(c)(1) due to a delayed filing of its Q2 2024 10-Q report. This delay could potentially serve as an additional basis for delisting the company's securities. PFTA had previously filed a Form 12b-25 on August 15, disclosing the inability to file the 10-Q within the prescribed time frame. The company was given until September 3 to request a stay of suspension, pending a Hearing Panel's decision. However, PFTA filed the Form 10-Q on August 28, 2024, effectively resolving the deficiency outlined in the notice.

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RBio Energy Corporation and Perception Capital Corp. III. have entered into a definitive business combination agreement that would result in RBio Energy becoming a publicly traded company. The merger is expected to close in the second quarter of 2024, and the combined company is anticipated to list on the Nasdaq Stock Market. Under the terms of the agreement, RBio Energy will receive equity in Perception valued at approximately $350 million. The Transaction is expected to catalyze RBio Energy’s planned development of biorefinery assets and biomass and biogas power generation capacity, as well as build out an industry consolidation platform to acquire assets and invest capital for growth.
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Portage Fintech Acquisition Corporation changes name to Perception Capital Corp. III
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FAQ

What is the current stock price of Perception Capital III (PFTA)?

The current stock price of Perception Capital III (PFTA) is $10.87 as of November 8, 2024.

What is the market cap of Perception Capital III (PFTA)?

The market cap of Perception Capital III (PFTA) is approximately 88.3M.

What is Perception Capital Corp. III?

Perception Capital Corp. III is a blank check company created to facilitate business combinations such as mergers, stock exchanges, and acquisitions.

What is the primary purpose of Perception Capital Corp. III?

The primary purpose of Perception Capital Corp. III is to merge, acquire, or reorganize with other businesses to drive growth and value creation.

Who is the CEO of Perception Capital Corp. III?

Rick Gaenzle is the Chief Executive Officer of Perception Capital Corp. III.

How does Perception Capital Corp. III generate value for its shareholders?

The company generates value by strategically merging or acquiring businesses with strong growth potential, utilizing the capital raised from its IPO.

What type of businesses does Perception Capital Corp. III target for mergers or acquisitions?

Perception Capital Corp. III does not limit itself to any specific industry and seeks a broad range of businesses with high growth potential.

How can I contact Perception Capital Corp. III for investor relations?

You can contact Perception Capital Corp. III for investor relations by emailing Rick Gaenzle at investors@perceptioncapitalpartners.com.

What is a blank check company?

A blank check company, like Perception Capital Corp. III, is formed to raise capital through an IPO to acquire or merge with other businesses.

What is the stock symbol for Perception Capital Corp. III?

The stock symbol for Perception Capital Corp. III is PFTA.

Where can I find the latest news about Perception Capital Corp. III?

You can find the latest news and updates about Perception Capital Corp. III on various financial news websites or by contacting their investor relations.

What distinguishes Perception Capital Corp. III from other blank check companies?

Perception Capital Corp. III is distinguished by its strategic approach to identifying and partnering with businesses that have substantial growth and value creation potential.

Perception Capital Corp. III

Nasdaq:PFTA

PFTA Rankings

PFTA Stock Data

88.31M
7.95M
20.42%
0.01%
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