Private company

Perception Capital Corp. III

Discount was for an amount of approximately $6.5 million and was owed upon consummation by the Company of an initial business combination.⁴ From its latest annual report

Last updated Oct 19, 2026.

Overview

$7.1MNet income, fiscal 2023²

IndustryBlank Checks¹
HeadquartersMinneapolis, Minnesota¹
Business address3109 W 50Th St, #207, Minneapolis, Mn 55410³
Filer category, Emerging growth company³

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Discount was for an amount of approximately $6.5 million and was owed upon consummation by the Company of an initial business combination.⁴ From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income²-$3.3M in 2023+21% since 2022

Net income⁵²$7.1M in 2023−16% since 2022

Fiscal year	2021	2022	2023
Operating income		-$2.7M²	-$3.3M²
Net income		$8.6M⁵	$7.1M²

Total assets⁵²$42.1M in 2023−84% since 2021

Total liabilities⁵²$3.7M in 2023−81% since 2021

Shareholders’ equity⁵²-$3.3M in 2023−81% since 2021

Cash⁵²$102.9K in 2023−91% since 2021

Fiscal year	2021	2022	2023
Cash	$1.2M⁵	$368.7K²	$102.9K²
Current assets	$2.0M⁵	$865.7K²	$405.3K²
Total assets	$261.6M⁵	$264.1M²	$42.1M²
Current liabilities	$770.6K⁵	$1.9M²	$1.2M²
Total liabilities	$19.7M⁵	$7.4M²	$3.7M²
Retained earnings	-$17.2M⁵	-$9.2M²	-$3.3M²
Shareholders’ equity	-$17.2M⁵	-$6.6M²	-$3.3M²

Cash from operations²-$2.2M in 2023+170% since 2022

Fiscal year	2022	2023
Cash from operations	-$801.4K²	-$2.2M²
Cash from investing		$229.1M²
Cash from financing		-$227.2M²

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Leadership

Who has led Perception Capital Corp. III, and when. Pick a name to see everywhere that person has worked.

Chief executive

President

Chief financial officer

Chief operating officer

Ajay Chowdhery2021

2025

Chief executive officerRick Gaenzle Jul 31, 2023 to Jul 31, 2023⁹
Chief executive officerAdam David Baker Felesky Jul 20, 2021 to Jul 20, 2021¹⁰
PresidentJames J. Sheridan Iii. Jul 31, 2023 to Jul 31, 2023⁹
PresidentTao Tan Jul 31, 2023 to Jul 31, 2023⁹
Chief financial officerCorey Campbell Jul 31, 2023 to Jul 31, 2023⁹
Chief financial officerJohn P. Stanfield Aug 18, 2023 to Aug 18, 2023¹¹
Chief financial officerAjay Chowdhery Jul 20, 2021 to Jul 20, 2021¹²
Chief operating officerAjay Chowdhery Jul 20, 2021 to Jul 20, 2021¹²

Board members and other officers (12)

Board memberKarrie Willis Jul 31, 2023 to Jul 31, 2023¹³
Board memberRick Gaenzle Jul 31, 2023 to Jul 31, 2023⁹
Board memberRudolph R. Reinfrank Jul 31, 2023 to Jul 31, 2023¹⁴
Board memberScott Honour Jul 31, 2023 to Jul 31, 2023⁹
Board memberThomas J. Abood Jul 31, 2023 to Jul 31, 2023¹⁵
Board memberAdam David Baker Felesky Jul 20, 2021 to Jul 20, 2021¹⁰
Board memberAjay Chowdhery Jul 20, 2021 to Jul 20, 2021¹²
Board memberGeorge Thompson Hutton Jul 20, 2021 to Jul 20, 2021¹⁶
Board memberJason Michael Pate Jul 20, 2021 to Jul 20, 2021¹⁷
Board memberSeraina Macia Jul 20, 2021 to Jul 20, 2021¹⁸
Board memberSteven J. Freiberg Jul 20, 2021 to Jul 20, 2021¹⁹
Board memberStuart C. Harvey Jr. Jul 20, 2021 to Jul 20, 2021²⁰

Former names

PORTAGE FINTECH ACQUISITION CORP.Apr 6, 2021 to Oct 16, 2023³

Timeline

Jul 31, 2023New chief executive Rick Gaenzle becomes CEO⁹
Jul 20, 2021New chief executive Adam David Baker Felesky becomes CEO¹⁰

Filings

91 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 20 major events, 6 insider forms, 30 large holders, 22 other. The latest 20:

The 91 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

FIR TREE CAPITAL MANAGEMENT LPSC 13G/A, 2 filings Feb 14, 2024 to Nov 14, 2024²¹
Polar Asset Management Partners Inc.SC 13G/A, 3 filings Feb 10, 2022 to Nov 14, 2024²²
PERISCOPE CAPITAL INC.SC 13G/A, 4 filings Feb 14, 2022 to Nov 12, 2024²³
Radcliffe Capital Management, L.P.SC 13G/A, 2 filings Jul 27, 2023 to Oct 18, 2024²⁴
Dryden Capital, LLCSC 13G, 2 filings Aug 1, 2023 to Feb 13, 2024²⁵
ARISTEIA CAPITAL, L.L.C.SC 13G/A, 2 filings Feb 14, 2023 to Feb 12, 2024²⁶
CANTOR FITZGERALD SECURITIESSC 13G/A, 3 filings Sep 22, 2022 to Feb 12, 2024²⁷
Triple8, LLCSC 13G/A, 1 filing Feb 7, 2024²⁸
Harraden Circle Investments, LLCSC 13G/A, 2 filings Jul 26, 2023 to Jan 31, 2024²⁹
Funicular Funds, LPSC 13G, 1 filing Aug 4, 2023³⁰
Rick GaenzleSC 13D, 1 filing Aug 1, 2023³¹
CITADEL ADVISORS LLCSC 13G/A, 3 filings Dec 10, 2021 to Feb 14, 2023³²
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUNDSC 13G/A, 2 filings Feb 11, 2022 to Feb 9, 2023³³
PFTA I LPSC 13G, 1 filing Feb 8, 2022³⁴
K2 PRINCIPAL FUND, L.P.SC 13G/A, 1 filing Dec 2, 2021³⁵

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARPerception Capital Corp. III filings on SEC EDGAR
2
SEC EDGARPerception Capital Corp. III 10-K for fiscal 2023
3
SEC EDGARPerception Capital Corp. III filings on SEC EDGAR
4
SEC EDGARPerception Capital Corp. III annual report, Item 1 (Business)
5
SEC EDGARPerception Capital Corp. III 10-K for fiscal 2022
6
SEC EDGARPerception Capital Corp. III 10-Q for fiscal 2024
7
SEC EDGARPerception Capital Corp. III 10-Q for fiscal 2024
8
SEC EDGARPerception Capital Corp. III 10-Q for fiscal 2024
9
SEC EDGARRick Gaenzle, Chief executive officer
10
SEC EDGARAdam David Baker Felesky, Chief executive officer
11
SEC EDGARJohn P. Stanfield, Chief financial officer
12
SEC EDGARAjay Chowdhery, Chief financial officer
13
SEC EDGARKarrie Willis, Board member
14
SEC EDGARRudolph R. Reinfrank, Board member
15
SEC EDGARThomas J. Abood, Board member
16
SEC EDGARGeorge Thompson Hutton, Board member
17
SEC EDGARJason Michael Pate, Board member
18
SEC EDGARSeraina Macia, Board member
19
SEC EDGARSteven J. Freiberg, Board member
20
SEC EDGARStuart C. Harvey Jr., Board member
21
SEC EDGARFIR TREE CAPITAL MANAGEMENT LP SC 13G/A on Perception Capital Corp. III
22
SEC EDGARPolar Asset Management Partners Inc. SC 13G/A on Perception Capital Corp. III
23
SEC EDGARPERISCOPE CAPITAL INC. SC 13G/A on Perception Capital Corp. III
24
SEC EDGARRadcliffe Capital Management, L.P. SC 13G/A on Perception Capital Corp. III
25
SEC EDGARDryden Capital, LLC SC 13G on Perception Capital Corp. III
26
SEC EDGARARISTEIA CAPITAL, L.L.C. SC 13G/A on Perception Capital Corp. III
27
SEC EDGARCANTOR FITZGERALD SECURITIES SC 13G/A on Perception Capital Corp. III
28
SEC EDGARTriple8, LLC SC 13G/A on Perception Capital Corp. III
29
SEC EDGARHarraden Circle Investments, LLC SC 13G/A on Perception Capital Corp. III
30
SEC EDGARFunicular Funds, LP SC 13G on Perception Capital Corp. III
31
SEC EDGARRick Gaenzle SC 13D on Perception Capital Corp. III
32
SEC EDGARCITADEL ADVISORS LLC SC 13G/A on Perception Capital Corp. III
33
SEC EDGARHEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND SC 13G/A on Perception Capital Corp. III
34
SEC EDGARPFTA I LP SC 13G on Perception Capital Corp. III
35
SEC EDGARK2 PRINCIPAL FUND, L.P. SC 13G/A on Perception Capital Corp. III