secwatch.observer — SEC 8-K summary
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Issuer:     Spectaire Holdings Inc. (—)
CIK:        0001844149
Form:       8-K
Filed at:   2023-04-12T23:59:59+00:00
Accession:  0001564590-23-005603
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perception Capital Corp. II increases sponsor loan facility to $1.2M to extend combination deadline
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- Convertible promissory note raised from $720,000 to $1,200,000 with sponsor Perception Capital Partners II LLC.
- Increase conditioned on shareholder approval to extend initial business combination deadline from May 1 to Nov 1, 2023.
- Sponsor to make monthly contributions of $0.04 per outstanding Class A share until aggregate advances reach $1.2M.
- Up to $1.2M may be converted into warrants at $1.00/warrant; warrants exercisable at $11.50/share, identical to private placement warrants.
- If shareholders do not approve extension, company will redeem Class A shares and wind up.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844149/000156459023005603/0001564590-23-005603-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844149/000156459023005603/pcct-8k_20230410.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-005603

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