{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-23-004888","form_type":"8-K","ticker":null,"cik":"0001853580","company_name":"Perception Capital Corp. III","filed_at":"2023-07-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.790629+00:00","generated_at":"2026-06-13T02:28:43.239243+00:00","sec_items":["3.03","5.03","5.07","8.01","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Portage Fintech SPAC extends deadline, 22M shares redeemed; entire board and management replaced","bullets":["Shareholders approved extension of business combination deadline from 24 to 36 months after July 23, 2021 IPO.","Redemption limitation removed; 22,001,009 Class A shares redeemed at $10.41, removing ~$229.1M from trust.","Trust balance drops to ~$40.7M; only 3,910,370 Class A shares remain outstanding.","Sponsor sold to Perception Capital; all 8 directors resigned, replaced by 5 new directors including Scott Honour.","New CEO Rick Gaenzle, CFO Corey Campbell, Co-Presidents Tao Tan and Jim Sheridan; prior CEO/COO resigned."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-23-004888","json":"https://secwatch.observer/filing/0001829126-23-004888.json","markdown":"https://secwatch.observer/filing/0001829126-23-004888.md","text":"https://secwatch.observer/filing/0001829126-23-004888.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1853580/000182912623004888/0001829126-23-004888-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1853580/000182912623004888/portagefintech_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T02:28:43.239243+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":"12d2ee2fb679f151c42b86609569f464bd3c24bb","claim":"Perception Capital Corp. III: Approved Redemption Limitation Amendment to eliminate the $5,000,001 net tangible asset redemption limitation (effective 2023-07-21).","evidence_excerpt":"sought to eliminate from the Articles the limitation that the Company shall not redeem Class A ordinary shares","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853580/000182912623004888/0001829126-23-004888-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-07-21"}],"fact_type":"governance_change"},{"claim_id":"af17a80051ed9876a5d737064e80549563152d0e","claim":"Perception Capital Corp. III: Approved Extension Amendment to extend business combination deadline from 24 to 36 months from IPO closing (effective 2023-07-21).","evidence_excerpt":"the Company’s shareholders approved two proposals to amend the Company’s amended and restated memorandum and articles of association","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853580/000182912623004888/0001829126-23-004888-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-07-21"}],"fact_type":"governance_change"},{"claim_id":"3e131dc0d2a453d1c3a09489046135d53b5997f0","claim":"Perception Capital Corp. III shareholders approved Extension Amendment Proposal.","evidence_excerpt":"The applicable shareholders approved the Extension Amendment Proposal and the Redemption Limitation Amendment Proposal. The voting results for each proposal were as follows: The Extension Amendment Proposal For Against Abstain 23,735,338 812,820 1,620","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853580/000182912623004888/0001829126-23-004888-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"}],"fact_type":"shareholder_vote"},{"claim_id":"c103213ad9a6fefd19cb21ee0ead855933ae1f2a","claim":"Perception Capital Corp. III shareholders approved Redemption Limitation Amendment Proposal.","evidence_excerpt":"The Redemption Limitation Amendment Proposal For Against Abstain 23,824,466 723,664 1,648","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853580/000182912623004888/0001829126-23-004888-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}