2023-11-07 06:29:32 ET
- RCF Acquisition ( NYSE: RCFA ) Tuesday announced the closing of a Securities Purchase Agreement between Perception Capital Partners IV LLC and RCF Sponsor VII LLC, pursuant to which Perception Capital Partners IV LLC will succeed RCF Sponsor VII LLC as the managing sponsor.
- Perception Capital Partners IV LLC is affiliated with Perception Capital Partners, a private and public investment firm and serial sponsor of special purpose acquisition companies (SPACs).
- The company’s ordinary shares, warrants and units will continue to trade on the New York Stock Exchange under its ticker symbols: RCFA, RFCA.WT, and RCFA.UN.
- RCF Acquisition Corp. has filed a preliminary proxy to seek shareholder approval to extend the deadline by which the company must complete a business combination to November 2024, and to rename the company to “Perception Capital Corp. IV”.
- The sponsor will offer the lesser of an upfront 4.5 cents per share or $150,000 for three months of funding before transitioning to a month-to-month extension at the lesser of 1.5 cents per share or $50,000 per month.
- The sponsor will seek the highest-yielding allowable cash deposits for the trust, expected to be up to 5.00%.
- Source: Press Release
For further details see:
Perception Capital acquires RCF Acquisition