Perception Capital II, a blank check company formed by Perception Capital targeting industrial technology, raised $200 million by offering 20 million units at $10. Each unit consists of one share and one-half of a warrant, exercisable at $11.50.
The company is led by CEO and Director Rick Gaenzle, the co-founder and Managing Director of Gilbert Global Equity Capital, and Chairman Scott Honour, the co-founder and Managing Partner of Northern Pacific Group.
Perception Capital II intends to identify and acquire a technology-enabled company operating within one of the multiple sectors benefitting from secular tailwinds in Industrial Technology. This 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 II plans to list on the Nasdaq under the symbol PCCTU. Jefferies, Moelis & Company, and Nomura Securities acted as joint bookrunners on the deal.
