WATERTOWN, Mass., Jan. 18, 2024 /PRNewswire/ -- Spectaire Holdings
Inc. (NASDAQ: SPEC), a global leader in air quality monitoring and
emissions reduction technology, today announced the completion of
the Forward Purchase Agreement ("FPA") entered into on January 14, 2022 between Perception Capital Corp.
II ("PCCT") and Meteora Funds ("Seller") for an OTC Equity Prepaid
Forward Transaction (the "Forward Purchase Transaction").
Pursuant to the terms of the agreement, the Seller had purchased
885,574 of Spectaire's common shares from holders who elected to
redeem such shares in connection with the Business Combination.
After receiving a final Optional Early Termination ("OET") notice,
the Seller communicated that all shares have been sold, leaving no
shares left as part of the FPA. The capital raised as a result of
the completion of the FPA has financed accelerated production for
Spectaire's AireCore solution.
About Spectaire
Spectaire (Nasdaq: SPEC) is at the forefront of air quality
monitoring and emissions reduction technology. Spectaire provides
innovative solutions that foster environmental sustainability and
corporate responsibility.
Forward-Looking Statements
This release contains certain forward-looking statements within
the meaning of the federal securities laws. These forward-looking
statements generally are identified by the words "believe,"
"project," "expect," "anticipate," "estimate," "intend,"
"strategy," "future," "opportunity," "plan," "may," "should,"
"would," "will continue," "will likely result" and similar
expressions.
The forward-looking statements are based on the current
expectations of the management of Spectaire and are inherently
subject to uncertainties and changes in circumstances and their
potential effects and speak only as of the date of such statement.
There can be no assurance that future developments will be those
that have been anticipated. Forward-looking statements reflect
material expectations and assumptions, including, without
limitation, expectations, and assumptions. Such expectations and
assumptions are inherently subject to uncertainties and
contingencies regarding future events and, as such, are subject to
change. Forward-looking statements involve a number of risks,
uncertainties or other factors that may cause actual results or
performance to be materially different from those expressed or
implied by these forward-looking statements. These risks and
uncertainties include, but are not limited to, those discussed and
identified in public filings made by Spectaire with the U.S.
Securities and Exchange Commission (the "SEC") and the following:
Spectaire's ability to operate as a going concern; Spectaire's
requirement of significant additional capital; Spectaire's limited
operating history; Spectaire's history of losses; Spectaire's
ability to attract qualified management; Spectaire's ability to
adapt to rapid and significant technological change and respond to
introductions of new products in order to remain competitive; the
loss of, or nonperformance by, one or more significant customers;
disruptions of Spectaire's manufacturing operation; changes in
governmental regulations reducing demand for Spectaire's products
or increasing Spectaire's expenses; the effects of global health
crises on Spectaire's business plans, financial condition and
liquidity; changes or disruptions in the securities markets;
legislative, political or economic developments; Spectaire's
failure to obtain any necessary permits or comply with laws and
regulations and other regulatory requirements; accidents, equipment
breakdowns, labor disputes or other unanticipated difficulties or
interruptions; potential cost overruns or unanticipated expenses in
development programs; potential legal proceedings; and Spectaire's
failure to obtain or maintain insurance covering all of Spectaire's
operations.
Should one or more of these risks or uncertainties materialize
or should any of the assumptions made by the management of
Spectaire prove incorrect, actual results may vary in material
respects from those projected in these forward-looking
statements.
All subsequent written and oral forward-looking statements
concerning matters addressed herein and attributable to Spectaire
or any person acting on its behalf are expressly qualified in their
entirety by the cautionary statements contained or referred to
herein. Except to the extent required by applicable law or
regulation, Spectaire undertakes no obligation to update these
forward-looking statements to reflect events or circumstances after
the date hereof to reflect the occurrence of unanticipated
events.
Website: Spectaire.com
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