Perception Capital IV (formerly RCF Acquisition) filed an 8-K outlining minor amendments to its merger agreement with Blue Gold Holdings, a gold mining platform.
Under the terms of the business combination agreement, a newly-formed entity will undertake a share exchange with Blue Gold and the holders of the outstanding Blue Gold shares will receive equity in the new company valued at $114.5 million, subject to adjustments.
The parties said they are still working to secure approval for a listing on either the NYSE or Nasdaq.
Perception currently has over $52 million cash, following a favorable vote to extend its deadline until Nov. 5, 2024.
Perception took over management of RCF in November.
Cohen & Company Capital Markets is serving financial advisor and lead capital markets advisor to Perception. Loeb & Loeb is counsel to Perception. Nelson Mullins Riley & Scarborough is serving as counsel to Blue Gold. Read more.
