PFTA I LP - 21 Jul 2023 Form 4 Insider Report for PORTAGE FINTECH ACQUISITION CORP.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
24 Jul 2023, 18:06:10 UTC
Prior SEC filing
09 Aug 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Sacha Haque, as Director of PFTA I GP, Inc., General Partner of PFTA I LP

Key filing fact

PFTA I LP filed Form 4 for PORTAGE FINTECH ACQUISITION CORP. on 24 Jul 2023.

Key facts

  • This page summarizes PFTA I LP's Form 4 filing for PORTAGE FINTECH ACQUISITION CORP..
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 24 Jul 2023, 18:06.

Change

  • Previous filing in this sequence was filed on 09 Aug 2021.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PFTA transaction Derivative

Class B Ordinary Shares

Sale

Transaction value
Shares
-3,565,230
Change %
-56%
Price
Shares after
2,757,615
Date
21 Jul 2023
Ownership
Direct
Underlying class
Class A Ordinary Shares
Underlying amount
3,565,230
Exercise price
Footnotes
F1, F2, F3
PFTA transaction Derivative

Warrants

Sale

Transaction value
Shares
-4,392,123
Change %
-67%
Price
Shares after
2,196,061
Date
21 Jul 2023
Ownership
Direct
Underlying class
Class A Ordinary Shares
Underlying amount
4,392,123
Exercise price
$11.50
Footnotes
F2, F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

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