Perception Capital Corp. II (PCCTU) Prices $200M IPO
by Marlena Haddad on 2021-10-27 at 8:17pm

Perception Capital Corp. II  announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PCCTU” Thursday, October 28.

The new SPAC intends to concentrate its efforts on identifying and acquiring a technology-enabled company with a proven business model operating within one of the multiple sectors benefitting from secular tailwinds in industrial technology, which includes businesses focused on: mobility and autonomous motion, automation components and systems, material handling solutions, robotics, additive manufacturing, Internet of Things and connectivity; as well as the sustainability sector with businesses focused on: energy storage, advance battery technologies, the hydrogen economy, waste-to-energy, renewable energy, recycling, building energy management and technologies for clean food, water and air. Perception Capital Corp. II is led by CEO Rick Gaenzle, Chairman of the Board of Directors Scott Honour, Co-Presidents James Sheridan and Patrick Williams, and CFO Corey Campbell.

Total SPAC deal count for 2021 year-to-date is now 498. This offering is expected to close on Monday, November 1.


Jefferies LLC, Moelis & Company LLC and Nomura Securities International, Inc. are acting as the book-running managers of the offering. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel.  Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.

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