Perception Capital II priced its IPO of 20 million units at $10 each. Units start trading today on the Nasdaq under PCCTU. Each consists of one Class A ordinary share and one-half of a warrant.
After the securities begin separate trading, shares and warrants are expected to list under PCCT and PCCTW. The offering is expected to close Nov. 1.
Perception Capital II intends to concentrate its efforts on identifying and acquiring a technology-enabled company with a proven business model operating within one of the multiple sectors benefitting from secular tailwinds in industrial technology. This includes businesses focused on: mobility and autonomous motion, automation components and systems, material handling solutions, robotics, additive manufacturing, Internet of Things and connectivity; as well as the sustainability sector.
Jefferies, Moelis and Nomura Securities are the book-running managers of the offering. The underwriters have the option to purchase up to an additional 3 million units to cover any over-allotments. Read more.
