secwatch.observer — SEC 8-K summary
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Issuer:     Provident Acquisition Corp. (—)
CIK:        0001830531
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0001104659-22-112478
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Provident completes merger with Perfect Corp.; PERF shares start NYSE trading Oct 31
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- Perfect's shares and warrants to trade on NYSE under 'PERF' and 'PERF WS' starting October 31, 2022.
- Provident shareholders redeemed 21.65M shares at ~$10.07 each for ~$218M in total.
- PIPE investment of $50M (5M shares at $10.00) and FPA investment of $55M (5.5M shares + warrants) closed.
- CEO Alice Chang plans to extend AR/AI SaaS into tangential sectors beyond beauty and fashion.
- All Provident officers and directors resigned effective immediately before the merger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830531/000110465922112478/0001104659-22-112478-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830531/000110465922112478/tm2227810d9_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-112478

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer