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RCF Acquisition Corp. Class A ( (RCFA) ) has issued an announcement.
Perception Capital Corp. IV has canceled its Convertible Senior Secured Promissory Note with Blue Capital Management Partners and concurrently issued a new Convertible Preferred Note to Blue Perception Capital LLP for up to $2 million, with a conversion opportunity into Class A ordinary shares at $1.00 per share. This note comes interest-free with repayment due by the end of 2024 or upon earlier business combination or liquidation events. Furthermore, Blue Perception is granted the right to purchase additional shares at a premium post-business combination, with staged funding to the company outlined for the remainder of 2024.
Learn more about RCFA stock on TipRanks’ Stock Analysis page.
