Periphas Capital Partnering Cor
PCPC-WT
New York Stock Exchange0.00
USD
+0.00
- -
Periphas Capital Partnering Cor
PCPC-WT
(New York Stock Exchange)
Recent
price
0.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Periphas Capital Partnering Corporation functioned as a blank check entity, established in Delaware with the explicit goal of identifying and subsequently merging with a suitable target enterprise through a merger, stock exchange, asset acquisition, or comparable transaction. Following its initial public offering in December 2020, where it initially raised $360 million, the company was traded on the NYSE under the ticker PCPC.U. Its strategic focus centered on technology-enabled businesses, alongside firms in business services, industrial sectors, and consumer markets, seeking those with an enterprise valuation exceeding $750 million. In November 2022, the company's board made the determination to liquidate its trust rather than extending its period to secure a business combination, having concluded that a definitive agreement could not be reached. This led to the redemption of its outstanding Class A common stock, which was finalized on December 29, 2022, with shareholders receiving approximately $25.16 per share after accounting for taxes and dissolution costs. Concurrently, the associated warrants, identified by PCPC-WT, possessed no redemption privileges and were expected to become valueless, with the NYSE initiating delisting procedures for these warrants in late November 2022. As a special purpose acquisition company, it had no ongoing operational activities or revenue streams. Trading of the company's Class A shares was suspended by December 15, 2022, as the company moved towards its full liquidation.