Rick Gaenzle - Jul 21, 2023 Form 3 Insider Report for PORTAGE FINTECH ACQUISITION CORP. (PFTA)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Rick Gaenzle
Stock symbol: PFTA
Transactions as of: Jul 21, 2023
Transactions value $: $0
Form type: 3
Date filed: 7/31/2023, 09:59 PM
Previous filing: Oct 27, 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
holding	PFTA	Class B Ordinary Shares							Jul 21, 2023	Class A Ordinary Shares	4.22M		Direct	F1, F2, F4
holding	PFTA	Warrants							Jul 21, 2023	Class A Ordinary Shares	4.39M	$11.50	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Class B ordinary shares will automatically convert into Class A ordinary shares at a ratio such that the number of Class A ordinary shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of (i) the total number of ordinary shares issued and outstanding upon completion of the Issuer's initial public offering, plus (ii) the total number of Class A ordinary shares issued or deemed issued or issuable upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, by the Issuer in connection with or in relation to the consummation of the initial business combination. In no event will the Class B ordinary shares convert into Class A ordinary shares at a rate of less than one-to-one.
F2	Perception Capital Partners IIIA LLC ("Perception IIIA") is the record holder of the securities reported herein. Perception IIIA. Macabel Holdings, Inc., is the managing member of Perception IIIA. Mr. Gaenzle is the President of Macabel Holdings, Inc. As such, each of Macabel Holdings, Inc., and Mr. Gaenzle may be deemed to beneficially own the securities held by Perception IIIA by virtue of their shared control over Perception IIIA. Messrs. Honour, Sheridan, Tan and Campbell are members of Perception IIIA and may be deemed to own. Each of Macabel Holdings, Inc. and Messrs. Gaenzle, Honour, Sheridan, Tan, and Campbell disclaim beneficial ownership of the securities included in this report, except to the extent of any pecuniary interest therein. The inclusion of securities in this report shall not be deemed an admission of any reporting person's beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
F3	Represents private placement warrants that will be exercisable for Class A ordinary shares 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.
F4	The Class B ordinary shares have no expiration date.