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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
January 18, 2024
Spectaire Holdings Inc.
(Exact name of registrant as specified in its
charter)
Delaware |
|
001-40976 |
|
98-1578608 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification No.) |
155 Arlington St.,
Watertown, MA |
|
02472 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (508) 213-8991
Not applicable.
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Common stock, par value $0.0001 per share |
|
SPEC |
|
The Nasdaq Stock Market LLC |
Redeemable warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50 |
|
SPECW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 7.01 Entry into a Material Definitive Agreement
On January
18, 2024, Spectaire Holdings Inc. (the “Company”) issued a press release announcing the completion of the previously announced
forward purchase transaction with certain funds affiliated with Meteora Capital LLC. A copy of the press release is attached hereto as
Exhibit 99.1 and is incorporated in this Item 7.01 by reference.
The information in Item 7.01 of this Current Report
on Form 8-K, including Exhibit 99.1, is intended to be furnished and shall not be deemed “filed” for the purposes of Section
18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that
section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange
Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
Spectaire Holdings Inc. |
Date: January 18, 2024 |
|
|
By: |
/s/ Brian Semkiw |
|
Name: |
Brian Semkiw |
|
Title: |
Chief Executive Officer |
2
Exhibit
99.1
SPECTAIRE
ANNOUNCES THE COMPLETION OF THE FORWARD PURCHASE AGREEMENT WITH METEORA FUNDS
WATERTOWN,
Mass., Jan. 18, 2024 - 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.
Press
Contact: IR@Spectaire.com
Website:
Spectaire.com
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