Perception Capital II in an amended S-1 filing now says it will offer 20 million units, down from the 25 million units initially registered in April.
A unit will still be priced at $10, and consists of one Class A ordinary share and one-half of a warrant.
The SPAC intends to target industrial technology companies.
Perception Capital II is led by CEO and Director Rick Gaenzle, co-founder and managing director of Gilbert Global Equity Capital.
Jefferies, Moelis and Nomura are joint book-running managers of the offering. The underwriters have an option to purchase up to an additional 3 million units to cover over-allotments, if any.
The SPAC has applied for a Nasdaq listing under PCCTU. Read more.
