{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-23-005154","form_type":"8-K","ticker":null,"cik":"0001853580","company_name":"Perception Capital Corp. III","filed_at":"2023-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.790835+00:00","generated_at":"2026-06-12T04:56:34.455054+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Portage Fintech secures up to $1.5M working capital loan from Polar Multi-Strategy Master Fund","bullets":["Investor commits up to $1.3M (plus optional $200K) to Sponsor, loaned to SPAC for working capital.","SPAC will issue 0.9 Class A shares per dollar funded at De-SPAC closing; shares have no lock-up.","Loan is non-interest bearing, repaid at closing; Sponsor passes proceeds to Investor within 5 days.","If default, Sponsor transfers 0.1 shares per $1 funded (monthly escalation) up to 1.35M shares.","SPAC extended business combination deadline to July 23, 2024; this funding supports ongoing operations."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-23-005154","json":"https://secwatch.observer/filing/0001829126-23-005154.json","markdown":"https://secwatch.observer/filing/0001829126-23-005154.md","text":"https://secwatch.observer/filing/0001829126-23-005154.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1853580/000182912623005154/0001829126-23-005154-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1853580/000182912623005154/portagefintech_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T04:56:34.455054+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":"b5b209125a7ece268d717a4147c04aa41aef91e1","claim":"Perception Capital Corp. III incurred loan of $1,300,000 with Perception Capital Partners IIIA, LLC at will not accrue interest maturing upon the closing of the Company's initial business combination.","evidence_excerpt":"On August 1, 2023, Portage Fintech Acquisition Corporation (the “Company”) entered into a Subscription Agreement (the “Subscription Agreement”) with Polar Multi-Strategy Master Fund (the “Investor”) and Perception Capital Partners IIIA, LLC (the “Sponsor” and, together with the Company and Investor, the “Parties”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853580/000182912623005154/0001829126-23-005154-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$1,300,000"},{"label":"Counterparty","value":"Perception Capital Partners IIIA, LLC"},{"label":"Rate","value":"will not accrue interest"},{"label":"Maturity","value":"upon the closing of the Company's initial business combination"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ed8e19ac9cb347c563424da6d10a15a2c8ce2f80","claim":"Perception Capital Corp. III entered into Subscription Agreement with Polar Multi-Strategy Master Fund and Perception Capital Partners IIIA, LLC valued at $1,300,000 (effective 2023-08-01).","evidence_excerpt":"On August 1, 2023, Portage Fintech Acquisition Corporation (the “Company”) entered into a Subscription Agreement (the “Subscription Agreement”) with Polar Multi-Strategy Master Fund (the “Investor”) and Perception Capital Partners IIIA, LLC (the “Sponsor” and, together with the Company and Investor, the “Parties”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1853580/000182912623005154/0001829126-23-005154-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Polar Multi-Strategy Master Fund and Perception Capital Partners IIIA, LLC"},{"label":"Value","value":"$1,300,000"},{"label":"Effective","value":"2023-08-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}