---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-004712"
form_type: "8-K"
ticker: null
cik: "0001853580"
company_name: "Perception Capital Corp. III"
filed_at: "2023-07-14T23:59:59+00:00"
generated_at: "2026-06-13T08:24:30.908585+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Portage Fintech enters non-redemption deals; appoints new CEO, CFO, Co-Presidents

## Summary
- Non-redemption agreements with unaffiliated holders covering 200,000 Class A shares to support 36-month extension.
- Sponsor to forfeit 60,000 Class B shares; holders receive equal number of Class A shares at business combination close.
- Rick Gaenzle appointed CEO, Corey Campbell CFO, Tao Tan and Jim Sheridan as Co-Presidents, effective by July 21, 2023.
- New officers bring private equity and operational experience, replacing prior management team.

## SEC filing metadata
- accession: 0001829126-23-004712
- form_type: 8-K
- cik: 0001853580
- company_name: Perception Capital Corp. III
- filed_at: 2023-07-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1853580/000182912623004712/0001829126-23-004712-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853580/000182912623004712/portagefintech_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-004712
- JSON: https://secwatch.observer/filing/0001829126-23-004712.json
- Plain text: https://secwatch.observer/filing/0001829126-23-004712.txt

## Key facts
- Executive change
  Jim Sheridan was appointed as Co-President at Perception Capital Corp. III.
  - Action: will join
  - Role: Co-President
  source text: Tao Tan and Jim Sheridan will join the Company as Co-Presidents
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853580/000182912623004712/0001829126-23-004712-index.htm
- Executive change
  Tao Tan was appointed as Co-President at Perception Capital Corp. III.
  - Action: will join
  - Role: Co-President
  source text: Tao Tan and Jim Sheridan will join the Company as Co-Presidents
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853580/000182912623004712/0001829126-23-004712-index.htm
- Executive change
  Adam Felesky departed as Chief Executive Officer at Perception Capital Corp. III.
  - Role: Chief Executive Officer
  source text: Rick Gaenzle will replace Adam Felesky as Chief Executive Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853580/000182912623004712/0001829126-23-004712-index.htm
- Executive change
  Ajay Chowdhery departed as Chief Financial Officer at Perception Capital Corp. III.
  - Role: Chief Financial Officer
  source text: Corey Campbell will replace Ajay Chowdhery as Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853580/000182912623004712/0001829126-23-004712-index.htm
- Executive change
  Rick Gaenzle was appointed as Chief Executive Officer at Perception Capital Corp. III.
  - Action: will replace
  - Role: Chief Executive Officer
  source text: Rick Gaenzle will replace Adam Felesky as Chief Executive Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853580/000182912623004712/0001829126-23-004712-index.htm
- Executive change
  Corey Campbell was appointed as Chief Financial Officer at Perception Capital Corp. III.
  - Action: will replace
  - Role: Chief Financial Officer
  source text: Corey Campbell will replace Ajay Chowdhery as Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853580/000182912623004712/0001829126-23-004712-index.htm
- Material Agreements
  Perception Capital Corp. III entered into Non-Redemption Agreement with certain unaffiliated third parties (effective 2023-07-14).
  - Action: entry
  - Counterparty: certain unaffiliated third parties
  - Effective: 2023-07-14
  source text: On July 14, 2023, Portage Fintech Acquisition Corporation (the “ Company ”) and PFTA I LP, an Ontario limited partnership (the “ Sponsor ”), entered into non-redemption agreements (each, a “ Non-Redemption Agreement ”) with certain unaffiliated third parties (each, a “ Holder ,” and collectively, the “ Holders ”) in exchange for the Holder or Holders agreeing either not to request redemption in connection with the Extension (as defined below) or to reverse any previously submitted redemption demand in connection with the Extension with respect to an aggregate of 200,000 Class A ordinary shares
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853580/000182912623004712/0001829126-23-004712-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.