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Spectaire Inc. and Perception Capital Corp. II Complete Business Combination

Exciting news for SPECTAIRE with more to follow.

Closing Press Release (10.18.23)
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WATERTOWN, Mass. & MINNEAPOLIS, Minn., Oct. 19, 2023 – Spectaire Inc. (“Spectaire” or “Company”), a provider of cutting-edge solutions for customers to monitor, track and meet emissions targets via its patented micro-mass-spectrometer (MMS) device AireCore™, today announced the closing of its previously announced business combination (the “Transaction”) with Perception Capital Corp. II (“Perception”), a special purpose acquisition company. The combined company will operate under the name “Spectaire Holdings Inc.” (“Spectaire Holdings”). Beginning on October 20, 2023, Spectaire Holdings will commence trading of its common stock and warrants on the Nasdaq Stock Market under the ticker symbols “SPEC” and “SPECW”, respectively. The Transaction was approved by Perception shareholders at an extraordinary general meeting held on October 13, 2023.

Brian Semkiw, founder and CEO of Spectaire, stated: “We are excited to begin our journey as a publicly traded company and look forward to working with the Perception team in expanding our business. Spectaire’s AireCore™ unit is more than a new way to measure exhaust. It has the potential to change the way people view strategies for global emissions reduction. By augmenting the shared goal of reducing harmful emissions with real-time in-field data, Spectaire aims to help companies make better decisions, immediately see the impact of their efforts, and gain the benefit of proven emissions reduction. At Spectaire, we believe technology has the power to make the world a better place and there is nothing more important today than helping companies achieve their goals around emissions reduction.”

Scott Honour, Chairman of Perception, noted: “We are pleased to be partnering with Brian and the rest of the management team at Spectaire. We have known members of the management team for several years and are confident in their ability to successfully bring this revolutionary emissions testing technology to market. The Company serves a total addressable market of over $95 billion and has the possibility of generating significant revenue growth at strong margins over the next few years.”

Rick Gaenzle, CEO of Perception, commented: “When we raised Perception, we did so with the goal of finding a target company in the sustainability-oriented disruptive technology sector that could benefit from our operations expertise. We found precisely that in Spectaire. The prospects for the unique hardware and software technology are exceptional. Perception partners Jim Sheridan and Tao Tan, who are joining the Spectaire Holdings board, have been working hand in hand with the Company’s management team to refine its manufacturing plan and implementation of its overall strategy. We are excited about the opportunity to continue to partner with Spectaire as the Company now enters its next phase as a public company.”

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