Pfta I Lp - Jul 21, 2023 Form 4 Insider Report for PORTAGE FINTECH ACQUISITION CORP. (PFTA)

Role: 10%+ Owner
Signature: /s/ Sacha Haque, as Director of PFTA I GP, Inc., General Partner of PFTA I LP
Stock symbol: PFTA
Transactions as of: Jul 21, 2023
Transactions value $: $0
Form type: 4
Date filed: 7/24/2023, 06:06 PM
Previous filing: Aug 9, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PFTA	Class B Ordinary Shares	Sale		-3.57M	-56.39%		2.76M	Jul 21, 2023	Class A Ordinary Shares	3.57M		Direct	F1, F2, F3
transaction	PFTA	Warrants	Sale		-4.39M	-66.67%		2.2M	Jul 21, 2023	Class A Ordinary Shares	4.39M	$11.50	Direct	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As described in the issuer's registration statement on Form S-1 (File No. 333-257185) under the heading "Description of Securities--Founder Shares," the Class B ordinary shares, par value $0.0001 per share (the "Class B ordinary shares"), will automatically convert into Class A ordinary shares, par value $0.0001 per share (the "Class A ordinary shares"). at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2	This Form 4 reflects the transfer of 3,565,230 Class B ordinary shares and 4,392,123 private placement warrants by PFTA I LP (the "Sponsor") to Perception Capital Partners IIIA LLC.
F3	This Form 4 is being filed by the Sponsor. The Sponsor is controlled by PFTA I GP, Inc. (the "General Partner"), its general partner. Accordingly, all of the securities held by the Sponsor may be deemed to be beneficially held by the General Partner.
F4	As described in the issuer's registration statement on Form S-1 (File No. 333-257185) under the heading "Description of Securities--Warrants--Private Placement Warrants," the private placement warrants (the "private placement warrants"), will be exercisable for one Class A ordinary share 30 days after the issuer completes an initial business combination and will expire five years from the consummation of the issuer's initial business combination or earlier upon redemption or liquidation.