secwatch.observer — SEC 8-K summary
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Issuer:     Perception Capital Corp. IV (—)
CIK:        0001870143
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001213900-23-039269
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 5.03, 5.07, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RCF Acquisition extends business combination deadline to May 15, 2024; ~$136.7M remains in trust
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- Shareholders approved extension of business combination deadline from May 15, 2023 to May 15, 2024.
- Approximately 9.99M public shares redeemed at ~$10.50, leaving ~$136.7M in trust.
- Founder share conversion: 5,749,999 Class B shares converted to Class A on a one-for-one basis.
- Trust account to be supplemented by up to $3.6 million in sponsor contributions via convertible promissory note.
- Company signed non-binding LOI for a business combination in critical minerals sector (target not named).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1870143/000121390023039269/0001213900-23-039269-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1870143/000121390023039269/ea178206-8k_rcfacq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-039269

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