Periphas Capital Partnering Corp
Cash in trust
$416M
$415,757,948
Trust per share
$10.04
Redemption value
IPO
Dec 2020
$414M raised
Combination deadline
Dec 14, 2022
Deadline passed
Filings on record
71
Latest Sep 29, 2023
Overview
Periphas Capital Partnering Corp is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001824993. It completed its initial public offering in Dec 2020, raising $414M in gross proceeds. The vehicle is sponsored by PCPC through PCPC Holdings, LLC. Deadline lapsed without a deal; trust returned to public shareholders.
“Our strategy is characterized by: A focused, thesis-driven approach to capitalize on key technological, industry, and social trends in our four target areas: technology-enabled businesses, business services, industrials, and consumer.”
Reading the filings
Arithmetic on what Periphas Capital Partnering Corp has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $10.04 per public share, 0.4% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Warrant coverage
Each unit carried one-quarter warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.
Underwriting
Evercore led the offering. It has been named on 13 SPAC IPOs, book-running 8 of them, and 30.8% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
From listing to the date Periphas Capital Partnering Corp must close a deal, extend again, or return the trust. The marker is today.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
71 filings in all. 1 in the last three months, against a busiest month of 23.
News on Periphas Capital Partnering Corp
Last 90 daysNothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.
SEC filing history
Free tier: filings older than 24 hours- UPLOAD
SEC staff comment letter
Accession 0000000000-23-010850
- SC 13G/A
SC 13G/A
Accession 0001193125-23-039013
- SC 13G/A
Amended beneficial ownership report (passive)
Accession 0000902664-23-001638
- SC 13G/A
SC 13G/A
Accession 0001104659-23-019977
- 15-12G
Deregistration of securities
Accession 0001193125-23-004042
- 4
Statement of changes in beneficial ownership
Accession 0000899243-23-000244
- 4
Statement of changes in beneficial ownership
Accession 0000899243-23-000242
- 4
Statement of changes in beneficial ownership
Accession 0000899243-23-000234
- 25-NSE
Notification of delisting
Accession 0000876661-22-001209
- 25-NSE
Notification of delisting
Accession 0000876661-22-001178
- 8-K
Regulation FD disclosure
Items 7.01, 9.01 · Accession 0001193125-22-304811
- 8-K
Notice of delisting or failure to satisfy a listing rule
Item 3.01 · Accession 0001193125-22-297602
- 8-K
Regulation FD disclosure
Items 7.01, 9.01 · Accession 0001193125-22-294419
- DEF 14A
Definitive proxy statement
Accession 0001193125-22-284586
- 10-Q
Quarterly report
Accession 0001193125-22-282626
- 4
Statement of changes in beneficial ownership
Accession 0000899243-22-035432
- DEFA14A
Additional proxy soliciting material
Accession 0001193125-22-276944
- 8-K
Entry into a material definitive agreement
Items 1.01, 9.01 · Accession 0001193125-22-276936
- PRE 14A
PRE 14A
Accession 0001193125-22-274070
- CORRESP
Correspondence with SEC staff
Accession 0001193125-22-248745
- UPLOAD
SEC staff comment letter
Accession 0000000000-22-009803
- 10-Q
Quarterly report
Accession 0001193125-22-218598
- 10-Q
Quarterly report
Accession 0001193125-22-150163
- 10-K
Annual report
Accession 0001193125-22-081230
- SC 13G/A
Amended beneficial ownership report (passive)
Accession 0001172661-22-000918
- SC 13G/A
SC 13G/A
Accession 0001193125-22-040214
- SC 13G/A
Amended beneficial ownership report (passive)
Accession 0001319244-22-000098
- 3
Initial statement of beneficial ownership
Accession 0000899243-22-001967
- 8-K
Current report
Item 5.02 · Accession 0001193125-22-006744
- 10-Q/A
10-Q/A
Accession 0001193125-21-369358
Pro
Track Periphas Capital Partnering Corp without the delay
Free accounts see this filing history a day late. Pro shows every document minutes after EDGAR publishes it, opens it on EDGAR in one click, and adds the twelve-month deadline calendar.
- Filings live, no 24-hour delay
- One click through to the source document
- Deadline calendar out to 12 months
- CSV export, API and MCP access
Cancel any time. Billed monthly in USD.
Periphas Capital Partnering Corp: questions answered
What is Periphas Capital Partnering Corp?
Periphas Capital Partnering Corp is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001824993. It completed its initial public offering in Dec 2020, raising $414M in gross proceeds. The vehicle is sponsored by PCPC through PCPC Holdings, LLC. Deadline lapsed without a deal; trust returned to public shareholders.
How much does Periphas Capital Partnering Corp hold in trust?
Approximately $415,757,948, or about $10.04 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must Periphas Capital Partnering Corp complete a merger?
By Dec 14, 2022. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.
What happens if Periphas Capital Partnering Corp does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Periphas Capital Partnering Corp, and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.04 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
Is the trust value the same as the share price for Periphas Capital Partnering Corp?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
How much dilution do Periphas Capital Partnering Corp's founder shares and warrants create?
Each unit also carried one-quarter warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors Periphas Capital Partnering Corp, and what is their track record?
PCPC Holdings, LLC is the sponsor entity, part of the PCPC franchise. This is the only vehicle we have attributed to that sponsor. Named principals: Sanjeev Mehra.
Which banks underwrote the Periphas Capital Partnering Corp IPO?
Evercore, I-Bankers Securities. Evercore was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is Periphas Capital Partnering Corp a good investment?
That is not a question this site answers. Periphas Capital Partnering Corp is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Periphas Capital Partnering Corp data come from?
Filings Periphas Capital Partnering Corp submitted to the SEC under CIK 0001824993: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Oct 19, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
Read the full methodology · What is in the dataset · Report a correction
SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.
Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
PCPC: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Evercore in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
All liquidated spacs
Deadline lapsed without a deal; trust returned to public shareholders.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.