Perception Capital Corp. II prices $200M IPO

Oct. 28, 2021 6:28 AM ETPerception Capital Corp. II (PCCT), PCCTU, PCCTWBy: Preeti Singh, SA News Editor

IPO: Initial public offering

Chunumunu/iStock via Getty Images

  • Perception Capital Corp. II has priced its initial public offering (IPO) of 20M units at $10.00/unit, for an anticipated gross proceeds of $200M.
  • Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50/share.
  • Underwriters have been granted a 45-day over-allotment option to purchase up to an additional 3M units at the IPO price.
  • The units are expected start trading on the Nasdaq Global Market under the ticker symbol "PCCTU" from October 28, 2021. The Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "PCCT" and "PCCTW," respectively.
  • Offering is expected to close on November 1, 2021.
  • Perception Capital Corp. II is an SPAC that plans to target technology-enabled businesses.

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.