Portage Fintech Acquisition announced a corporate name change to Perception Capital III, following a change in sponsor and management. The new managing sponsor, Perception Capital Partners III-A, is affiliated with Perception Capital Partners, a private and public investment firm and serial sponsor of special SPACs. The transition was announced in July.
The company’s ordinary shares, warrants and units will continue to trade on the Nasdaq under ticker symbols PFTA, PFTAW and PFTAU.
“We continue to believe the SPAC product offers unique advantages for companies seeking a public markets presence,” said Rick Gaenzle, the company’s new CEO. “As the excess supply has exited with nearly 300 SPACs liquidating since 2022, we believe that public markets are returning to equilibrium, and believe there is growing interest from target companies in once again exploring deSPAC transactions.” Read more.
