Perception Capital Corp. II
PCCTW
NASDAQ Global Market0.04
USD
+0.00
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Perception Capital Corp. II
PCCTW
(NASDAQ Global Market)
Recent
price
0.04
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Perception Capital Corp. II (PCCTW) operates as the warrant component associated with the special purpose acquisition company (SPAC) that completed a business combination with Spectaire Inc. in October 2023; these publicly traded warrants entitle holders to purchase shares of Spectaire Holdings Inc. (Nasdaq: SPEC/SPECW), the surviving entity providing infrared-free gas analysis technology via its patented AireCore micro mass spectrometer (MMS) device for emissions monitoring, carbon credit verification, and process control applications across industrial sectors including energy, manufacturing, agriculture, and transportation; the SPAC offers no independent products or services of its own, focusing solely on merger, share exchange, asset acquisition, or similar transactions targeting technology-enabled businesses in industrial technology sectors with secular tailwinds. Founded in 2021 and headquartered at 315 Lake Street East, Suite 301, Wayzata, Minnesota, the company raised $230 million in its October 2021 initial public offering underwritten by Jefferies, Moelis, and Nomura, with operations geographically centered in the US and Canada through its post-merger alignment with Spectaire's Watertown, Massachusetts base; it functions as a subsidiary of Perception Capital Partners II LLC under the broader Perception Capital Partners umbrella, an ESG-oriented investment group. Key recent developments include the January 2023 announcement and October 19, 2023 closing of the $203-$207.5 million all-stock de-SPAC merger with Spectaire, approved by shareholders on October 13, 2023, with no minimum cash condition supported by forward purchase agreements from Meteora Capital and Polar Multi-Strategy Master Fund, additional committed equity from PIPE investor Dr. Jörg Mosolf ($3 million over two years post-close), and warrant issuances including a standby equity purchase agreement with YA II PN, Ltd. in May 2024; post-combination, Spectaire Holdings has faced Nasdaq compliance challenges, receiving delisting notices in December 2023 and June 2024 for failing minimum market value thresholds, with an appeal hearing scheduled for July 23, 2024.