Portage Fintech Acquisition Corporation
PFTA
NASDAQ Capital Market10.76
USD
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Portage Fintech Acquisition Corporation
PFTA
(NASDAQ Capital Market)
Recent
price
10.76
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Portage Fintech Acquisition Corporation (PFTA) operates as a blank check company, or special purpose acquisition company (SPAC), whose primary purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses; it focuses on targets within the financial technology (FinTech) or financial services ecosystem, including areas such as wealth management, consumer payments, and complementary industries leveraging team expertise. Incorporated in 2021 and headquartered at 280 Park Avenue in New York, New York, the company raised $240 million in its initial public offering in July 2021 through 24 million units priced at $10 each, underwritten by Goldman Sachs & Co. LLC, BTIG, LLC, Scotia Capital (USA) Inc., and SoFi Securities, LLC as co-manager, with sponsor PFTA I LP affiliated with Portage Ventures and Sagard Holdings Inc., providing global reach across Canada, the United States, France, and Southeast Asia. Products and services are limited to SPAC structure offerings, including Class A ordinary shares (PFTA), redeemable warrants (PFTAW), and units (PFTAU) listed on Nasdaq Capital Market. In October 2023, the company changed its name to Perception Capital Corp. III to reflect its new managing sponsor, Perception Capital Partners III-A LLC, affiliated with serial SPAC sponsor Perception Capital Partners, alongside leadership transition to CEO Rick Gaenzle and Chairman Scott Honour, a strategic shift from original FinTech focus toward broader opportunities including potential ESG investments, and extension of its business combination deadline to July 31, 2024 following heavy shareholder redemptions that reduced trust value and market capitalization from $325 million in 2022 to approximately $87 million as of late 2025 amid no completed merger; the entity maintains approximately $268.9 million in trust assets, 7.95-8.1 million shares outstanding, and continues seeking de-SPAC transactions or partnerships without significant operations or revenue generation.