Earlier Reported, Spectaire Inc, And Merging Co, Perception Capital Corp. II, Secure $3.5M PIPE Commitment from Dr. Jörg Mosolf And Announce Order Of AireCore Units From German Logistics Operator Mosolf SE & Co. KG At A Unit Price Of $2,000 Each

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, and Perception Capital Corp. II (NASDAQ:PCCT) ("Perception"), today announced that Perception has entered into a private placement subscription agreement (the "PIPE Subscription Agreement") with Dr. Jörg Mosolf (the "PIPE Investor"), the chairman of Mosolf SE & Co. KG ("Mosolf") and a director of Spectaire, for an aggregate purchase price of $3,500,000 in connection with the proposed business combination between Spectaire and Perception (the "Transaction").

 

The Company also announced that it has received a firm order for initial units of its MMS device AireCore™ from Mosolf at the standard unit price of $2,000. Mosolf has over 1,000 trucks in its fleet.

Mosolf was the first company where Spectaire designed the integration of AireCore™ MMS on vehicles. Based on a sample of 208 Class 8 trucks from Mosolf's fleet, the Company estimates that the use of the Company's AireCore™ technology on Mosolf's Class 8 fleet alone will result in an aggregate emissions reduction of approximately 60% and generate nearly 50,000 carbon credits annually for Mosolf.

The PIPE Investor will close on the purchase of 50,000 shares of Perception substantially concurrently with the closing of the Transaction ("the Closing") at a price of $10.00 per share for an aggregate purchase price of $500,000. Within two years following the Closing, the PIPE investor will purchase additional shares of post-combination company in one or multiple subsequent closings at a purchase price per share of $10.00 (subject to adjustment as described in the PIPE Subscription Agreement) for an aggregate purchase price of $3,000,000. The purchase and sale of the shares pursuant to the PIPE Subscription Agreement are conditioned upon the Closing as well as other typical conditions for transactions of this type.