{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-23-002643","form_type":"8-K","ticker":null,"cik":"0001853580","company_name":"Perception Capital Corp. III","filed_at":"2023-04-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.262959+00:00","generated_at":"2026-06-17T03:50:31.579993+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"SPAC Portage Fintech borrows $1.25M from sponsor via promissory note","bullets":["Promissory note with sponsor PFTA I LP allows borrowing up to $1,250,000, drawn in full on April 5, 2023.","Note is non-interest bearing, due the earlier of July 23, 2023 or a business combination.","Proceeds used to fund working capital expenses prior to any initial business combination.","Sponsor waives any claim against the trust account; repayment comes from trust proceeds upon deal close."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-23-002643","json":"https://secwatch.observer/filing/0001829126-23-002643.json","markdown":"https://secwatch.observer/filing/0001829126-23-002643.md","text":"https://secwatch.observer/filing/0001829126-23-002643.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1853580/000182912623002643/0001829126-23-002643-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1853580/000182912623002643/portagefintech_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T03:50:31.579993+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"14bfa876838ce25e94d6c653fcfdb61dfbb212e4","claim":"Perception Capital Corp. III incurred loan of up to $1,250,000 with PFTA I LP at non-interest bearing maturing on the earlier of July 23, 2023 and the date on which the Company consummates a business combination.","evidence_excerpt":"On April 5, 2023, Portage Fintech Acquisition Corporation (the “Company”) issued a promissory note (the “Promissory Note”) to its sponsor, PFTA I LP, an Ontario limited partnership (the “Sponsor”), pursuant to which the Company may borrow up to $1,250,000 from the Sponsor to fund the Company’s working capital expenses prior to completion of any potential initial business combination. Also on April 5, 2023, the Company made a draw on the Promissory Note of $1,250,000. The Promissory Note is non-interest bearing and payable on the earlier of July 23, 2023 and the date on which the Company consummates a business combination.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853580/000182912623002643/0001829126-23-002643-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"up to $1,250,000"},{"label":"Counterparty","value":"PFTA I LP"},{"label":"Rate","value":"non-interest bearing"},{"label":"Maturity","value":"on the earlier of July 23, 2023 and the date on which the Company consummates a business combination"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}