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Perception Capital Corp III Unit (PFTAU) is a blank check company focused on effectuating mergers, acquisitions, and reorganizations with businesses. Led by Chief Executive Officer Rick Gaenzle, the company seeks strategic partnerships to drive growth and value creation.
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.
Portage Fintech Acquisition Corporation announced the pricing of its initial public offering (IPO) of 24 million units at $10.00 per unit, raising $240 million. The units will trade on Nasdaq under the ticker symbol PFTAU starting July 21, 2021. Each unit includes one Class A ordinary share and one-third of a redeemable warrant, allowing purchase of an additional share at $11.50. The IPO is set to close on July 23, 2021, subject to customary conditions. The company aims to target businesses within the FinTech and financial services sectors.