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Perception Capital Corp. IV - RCFA STOCK NEWS

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

Perception Capital Corp. IV (symbol: RCFA) is a blank check company, often referred to as a Special Purpose Acquisition Company (SPAC). The primary mission of RCFA is to identify and acquire one or more businesses or assets through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination.

As a SPAC, Perception Capital Corp. IV does not have any significant operations of its own. Instead, it raises capital through an initial public offering (IPO) with the purpose of using these funds to complete an acquisition. The leadership team, led by CEO Rick Gaenzle, is tasked with seeking out promising investment opportunities that can deliver value to shareholders.

SPACs like Perception Capital Corp. IV have become increasingly popular in the financial world due to their streamlined process for taking companies public. The company is structured to complete its business combination within a specified time frame, typically two years, after which investors can either redeem their shares or approve an extension.

For the most updated financial data, project announcements, and news, interested parties are encouraged to reach out directly to the company. Contact information for investor relations is available: Rick Gaenzle, Chief Executive Officer, investors@perceptioncapitalpartners.com.

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Perception Capital Corp. IV (NYSE: RCFA), a special purpose acquisition , has received a notice of filing delinquency from the New York Stock Exchange (NYSE) on August 21, 2024. The company failed to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, violating Section 802.01E of the NYSE Listed Company Manual. While this non-compliance doesn't immediately affect RCFA's listing, the company must regain compliance to maintain its status. Additionally, RCFA discovered an error in its financial statements for the year ended December 31, 2023, and the quarter ended March 31, 2024. The company plans to file amendments to correct these errors and submit the delayed Q2 2024 report as soon as possible.

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RCF Acquisition Corp. received a notice from the New York Stock Exchange stating that the company is not in compliance with NYSE continued listing standards due to not maintaining a minimum of 300 public stockholders. The company has 45 days to submit a plan to bring it into compliance, with no immediate impact on its securities. If the plan is approved, the company's securities will continue to be listed and traded on the NYSE under their existing ticker symbols.
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Blue Gold Holdings Limited (NYSE: RCFA, RCFA WS, RCFA.U) and Perception Capital Corp. IV are set to merge in the second quarter of 2024, with the combined company expected to list on The New York Stock Exchange. Perception currently has over $52 million cash in trust, and under the terms of the business combination agreement, Blue Gold will receive equity in PubCo valued at $114.5 million. The transaction is expected to catalyze Blue Gold’s acquisition and investment of capital into premier gold mining assets initially focused on Ghana’s Ashanti gold belt.
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RCF Acquisition Corp. announced the closing of a Securities Purchase Agreement with Perception Capital Partners IV LLC, which will succeed RCF Sponsor VII LLC as the managing sponsor. The company also filed a preliminary proxy to seek shareholder approval to extend the deadline for a business combination to November 2024 and to rename the company to 'Perception Capital Corp. IV'. The sponsor will offer funding before transitioning to a month-to-month extension at the lesser of 1.5 cents per share or $50,000 per month.
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RCF Acquisition Corp. (NYSE: RCF.U) successfully closed its initial public offering on November 15, 2021, raising $230 million through the sale of 23 million units, including an over-allotment of 3 million units. Each unit is priced at $10.00, comprising one Class A ordinary share and half a redeemable warrant, which can be exercised for $11.50 per share. The proceeds will primarily target business combinations within the critical minerals sector, capitalizing on opportunities from the global energy transition.

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RCF Acquisition Corp. has successfully priced its initial public offering (IPO) of 20,000,000 units at $10.00 each, set to list on the NYSE under the symbol RCFA.U starting November 10, 2021. Each unit includes one Class A ordinary share and half a redeemable warrant, with warrants exercisable at $11.50. The offering, managed by Citigroup and Barclays, could expand by an additional 3,000,000 units. The closing date for the offering is expected on November 15, 2021, with SEC registration declared effective on the same day.

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FAQ

What is the current stock price of Perception Capital IV (RCFA)?

The current stock price of Perception Capital IV (RCFA) is $11.45 as of November 18, 2024.

What is the market cap of Perception Capital IV (RCFA)?

The market cap of Perception Capital IV (RCFA) is approximately 120.5M.

What is Perception Capital Corp. IV?

Perception Capital Corp. IV is a blank check company, also known as a SPAC, focused on acquiring businesses or assets through a business combination.

Who is the CEO of Perception Capital Corp. IV?

The CEO of Perception Capital Corp. IV is Rick Gaenzle.

What does a blank check company do?

A blank check company, or SPAC, raises capital through an IPO to acquire promising businesses or assets, typically within two years.

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

Perception Capital Corp. IV generates value by identifying and acquiring high-potential businesses or assets through a business combination.

How can I stay updated with the latest news from Perception Capital Corp. IV?

You can stay updated with the latest news by contacting their investor relations at investors@perceptioncapitalpartners.com.

What is the time frame for Perception Capital Corp. IV to complete an acquisition?

Perception Capital Corp. IV typically aims to complete an acquisition within two years of its IPO.

What happens if Perception Capital Corp. IV does not complete an acquisition in the specified time frame?

If Perception Capital Corp. IV does not complete an acquisition within the specified time frame, investors can choose to redeem their shares or approve an extension.

How does a SPAC like Perception Capital Corp. IV differ from traditional companies?

Unlike traditional companies, a SPAC like Perception Capital Corp. IV does not have significant operations of its own but focuses on acquiring other businesses or assets.

What is the primary mission of Perception Capital Corp. IV?

The primary mission of Perception Capital Corp. IV is to identify and acquire one or more businesses or assets through various forms of business combinations.

Where can I find financial data and project announcements for Perception Capital Corp. IV?

Financial data and project announcements can be obtained by contacting their investor relations at investors@perceptioncapitalpartners.com.

Perception Capital Corp. IV

NYSE:RCFA

RCFA Rankings

RCFA Stock Data

120.54M
5.23M
15.83%
78.89%
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Gold and Silver Ores
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