RCFA SEC filings, in plain English
Everything RCF Acquisition Corp. has filed with the SEC that we hold — 40 filings, newest first, 3 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
- What changed vs 2024-04-23trust $53.0M → $8.1M -85%deadline 2024-11-15 → 2025-11-15sponsor loan $4.0M → $450K
trust account, combination deadline, sponsor loans outstanding +23 moved · 2 with no prior record of ours
- Trust account
- $53.0M$8.1M
- Combination deadline
- 2024-11-152025-11-15
- Sponsor loans outstanding
- $4.0M$450K
- Going-concern doubt
- stated · unchanged
- Mandate language
- we intend to target assets or businesses of scale across the… · unchanged
SpacBrain reads this as $44,927,929 left the trust between the two filings.
The clause …“will be entitled to a Deferred Underwriting Commission of 3.5% or $8,050,000 of the gross proceeds of the Public Offering held in the Trust Account upon the completion of the Company’s initial business combination subject to”…
SpacBrain reads this as 365 days later than the previous record.
The clause …“any other material provisions relating to shareholders’ rights or pre-initial business combination activity; or (iii) absent the completion of the Business Combination by November 15, 2025, our return of the funds held in the Trust”…
SpacBrain reads this as $3,600,000 of sponsor debt has come off.
The clause …“with the IPO. In the second quarter and third quarter of 2023, the Company borrowed $450,000 and $900,000, respectively, from the Extension Convertible Promissory Note. On November 6, 2023, as required by the SPA, the Company entered”…
The clause …“may be reduced below $10.20 per share. Our financial condition raises substantial doubt about our ability to continue as a “going concern.” As of December 31, 2024, we had cash of $43,499 and a working capital deficit of”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Perception Capital Corp. IV, formerly RCF Acquisition Corp., called an extraordinary general meeting for March 6, 2025 to approve its business combination with Blue Gold Holdings Limited, a company formed under the laws of England and Wales, alongside a prospectus for Blue Gold Limited. The Original Business Combination Agreement was entered December 5, 2023 and replaced by a Second Amended and Restated Business Combination Agreement on June 12, 2024. Why it matters: Fourteen months and a full restatement of the business combination agreement between December 2023 and June 2024 is a deal that has been renegotiated rather than merely delayed, and RCFA holders bear the timing risk. The redemption mechanic is the protection: shares must be physically or electronically delivered to Continental ahead of the meeting, and holders who miss that step lose the trust claim and are carried into the combined company.
outside date1 moved
- Outside date
- 2025-11-152025-03-31
SpacBrain reads this as 229 days earlier than the previous record.
The clause …“Agreement (the “Second Amendment”) to, among other things, extend the Outside Date to March 31, 2025. In contemplation of the Business Combination, Blue Perception Capital LLP, a private limited liability partnership (“Blue”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2024-09-12trust $54.3M → $55.4M +2%deadline 2024-11-15 → 2025-11-15
trust account, combination deadline, going-concern doubt +22 moved · 3 with no prior record of ours
- Trust account
- $54.3M$55.4M
- Combination deadline
- 2024-11-152025-11-15
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $450K · unchanged
- Mandate language
- we intend to target assets or businesses of scale across the… · unchanged
SpacBrain reads this as $1,043,214 was added to the trust between the two filings.
The clause “2,581 Prepaid expenses 87,974 407,235 Total current assets 142,906 629,816 Cash held in Trust Account 55,374,143 52,977,929 Total Assets $ 55,517,049 $ 53,607,745 LIABILITIES, REDEEMABLE CLASS A ORDINARY SHARES AND SHAREHOLDERS’ DEFICIT”…
SpacBrain reads this as 365 days later than the previous record.
The clause …“must consummate an initial business combination from November 15, 2024 to November 15, 2025 on a month to month basis provided that the Company make a payment into the Trust Account established in connection with the Company’s IPO”…
The clause …“except for the purpose of liquidating. Management has determined that substantial doubt exists about the Company’s ability to continue as a going concern due to the need to obtain additional capital from the Sponsor to address”…
The clause …“with the IPO. In the second quarter and third quarter of 2023, the Company borrowed $450,000 and $900,000, respectively, from the Extension Convertible Promissory Note. On November 6, 2023, as required by the SPA, the Company entered”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
outside date1 moved
- Outside date
- 2025-11-152025-01-31
SpacBrain reads this as 288 days earlier than the previous record.
The clause …“NYSE from the definition, and (iii) to amend the date that constitutes the Outside Date from November 5, 2025 to January 31, 2025. The foregoing description is only a summary of Amendment No. 1 and is qualified in its entirety by”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2025-01-31 · unchanged
The clause …“NYSE from the definition, and (iii) to amend the date that constitutes the Outside Date from November 5, 2025 to January 31, 2025. The foregoing description is only a summary of Amendment No. 1 and is qualified in its entirety by”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Perception Capital Corp. IV, formerly RCF Acquisition Corp., called an extraordinary general meeting for Wednesday, November 13, 2024 at 9:30 a.m. Eastern Time at Loeb & Loeb LLP, 345 Park Avenue, to extend the Outside Date to November 15, 2025, conditioned on the Company paying $5,000 into the Trust Account on the fifteenth of each month. The IPO closed November 15, 2021. Trust held $55,424,143 as of the record date, including interest not previously released for taxes but excluding the $50,000 extension payment due for the October 15 to November 15, 2024 period. Why it matters: The extension deposit is being cut from $50,000 a month to $5,000 a month while the runway extends a full year to November 15, 2025 — the sponsor is buying twelve more months for $60,000 total, and the per-share trust value effectively stops growing from deposits. Holders who redeem take their share of the $55,424,143 trust; holders who stay finance a deal that has already been restated once and now has another year to close.
What changed vs 2024-01-02going concern RESOLVEDgoing-concern doubt, combination deadline, outside date1 moved · 2 with no prior record of ours
- Going-concern doubt
- statednot stated
- Combination deadline
- not previously extracted2025-11-15
- Outside date
- 2025-11-15 · unchanged
SpacBrain reads this as the substantial-doubt sentence is in the previous filing and not in this one.
The clause “Public Shares. Under the Charter (if the Extension Proposal is approved), if a business combination is not completed by November 15, 2025 (or such earlier date as may be determined by the Board in its sole discretion), the Company is to”…
The clause …“combination”) on a month-to-month basis from November 15, 2024 (the “Current Outside Date”) to November 15, 2025 (the “Extended Outside Date”) or such earlier date as may be determined by the Board in its sole discretion provided that”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
outside date1 moved
- Outside date
- 2024-11-152025-11-15
SpacBrain reads this as 365 days later than the previous record.
The clause …“combination”) on a month-to-month basis from November 15, 2024 (the “Current Outside Date”) to November 15, 2025 (the “Extended Outside Date”) provided that the Company make a monthly payment into the trust account established in”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2024-05-23trust $53.6M → $54.3M +1%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $53.6M$54.3M
- Combination deadline
- 2024-11-15 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $450K · unchanged
- Mandate language
- we intend to target assets or businesses of scale across the… · unchanged
SpacBrain reads this as $680,937 was added to the trust between the two filings.
The clause …“Prepaid expenses 223,894 407,235 Total current assets 249,108 629,816 Cash held in Trust Account 54,330,929 52,977,929 Total Assets $ 54,580,037 $ 53,607,745 LIABILITIES, REDEEMABLE CLASS A ORDINARY SHARES AND SHAREHOLDERS’ DEFICIT”…
The clause …“must complete a Business Combination. If the Company is unable to complete a Business Combination by November 15, 2024, then the Company will cease all operations except for the purpose of liquidating. Management has determined that”…
The clause …“except for the purpose of liquidating. Management has determined that substantial doubt exists about the Company’s ability to continue as a going concern due to the need to obtain additional capital from the Sponsor to address”…
The clause …“with the IPO. In the second quarter and third quarter of 2023, the Company borrowed $450,000 and $900,000, respectively, from the Extension Convertible Promissory Note. On November 6, 2023, as required by the SPA, the Company entered”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2024-11-05 · unchanged
The clause …“if any of the conditions to the Closing have not been satisfied or waived by November 5, 2024 (the “ Outside Date ”); provided, however, the right to terminate the Second Amended BCA under this provision is only be available to a Party”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2024-11-05 · unchanged
The clause …“if any of the conditions to the Closing have not been satisfied or waived by November 5, 2024 (the “ Outside Date ”); provided, however, the right to terminate the Second Amended BCA under this provision is only be available to a Party”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2023-11-03trust $141.0M → $53.6M -62%deadline 2024-05-15 → 2024-11-15sponsor loan $3.1M → $450K
trust account, combination deadline, sponsor loans outstanding +23 moved · 2 with no prior record of ours
- Trust account
- $141.0M$53.6M
- Combination deadline
- 2024-05-152024-11-15
- Sponsor loans outstanding
- $3.1M$450K
- Going-concern doubt
- stated · unchanged
- Mandate language
- we intend to target assets or businesses of scale across the… · unchanged
SpacBrain reads this as $87,399,398 left the trust between the two filings.
The clause …“party 6,474 — Total current assets 410,491 629,816 Cash and investments held in Trust Account 53,649,992 52,977,929 Total Assets $ 54,060,483 $ 53,607,745 LIABILITIES, REDEEMABLE CLASS A ORDINARY SHARES AND SHAREHOLDERS’ DEFICIT”…
SpacBrain reads this as 184 days later than the previous record.
The clause …“must complete a Business Combination. If the Company is unable to complete a Business Combination by November 15, 2024, then the Company will cease all operations except for the purpose of liquidating. Management has determined that”…
SpacBrain reads this as $2,650,000 of sponsor debt has come off.
The clause …“with the IPO. In the second quarter and third quarter of 2023, the Company borrowed $450,000 and $900,000, respectively, from the Extension Convertible Promissory Note. On November 6, 2023, as required by the SPA, the Company entered”…
The clause …“except for the purpose of liquidating. Management has determined that substantial doubt exists about the Company’s ability to continue as a going concern due to the need to obtain additional capital from the Sponsor to address”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2024-11-05 · unchanged
The clause …“if any of the conditions to the Closing have not been satisfied or waived by November 5, 2024 (the “Outside Date”); provided, however, the right to terminate the Amended BCA under this provision is only be available to a Party if the”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2024-11-05 · unchanged
The clause …“if any of the conditions to the Closing have not been satisfied or waived by November 5, 2024 (the “Outside Date”); provided, however, the right to terminate the Amended BCA under this provision is only be available to a Party if the”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2023-03-07trust $238.0M → $53.0M -78%deadline 2023-05-15 → 2024-11-15sponsor loan $1.3M → $4.0Mmandate language changed
trust account, combination deadline, sponsor loans outstanding +24 moved · 1 with no prior record of ours
- Trust account
- $238.0M$53.0M
- Combination deadline
- 2023-05-152024-11-15
- Sponsor loans outstanding
- $1.3M$4.0M
- Mandate language
- we intend to focus our search on businesses of scale across …we intend to target assets or businesses of scale across the…
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $185,063,285 left the trust between the two filings.
The clause …“407,235 268,368 Total current assets 629,816 309,644 Cash and investments held in Trust Account 52,977,929 238,041,214 Total Assets $ 53,607,745 $ 238,350,858 LIABILITIES, REDEEMABLE CLASS A ORDINARY SHARES AND SHAREHOLDERS’ DEFICIT”…
SpacBrain reads this as 550 days later than the previous record.
The clause …“timing of our obligation to allow redemption in connection with our initial business combination or to redeem 100 % of our public shares if we have not consummated an initial business combination by November 15, 2024 or (B) with”…
SpacBrain reads this as the sponsor has advanced $2,800,000 more.
The clause “NOTES TO FINANCIAL STATEMENTS For the year ended December 31, 2023, the Company borrowed $ 4,050,000 from the Sponsor Convertible Note. On November 6, 2023, as required by the SPA, the Company entered into an Omnibus Termination and”…
The clause …“may be reduced below $10.20 per share. Our financial condition raises substantial doubt about our ability to continue as a “going concern.” As of December 31, 2023, we had cash of $222,581 and a working capital deficit of”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: RCF Acquisition Corp., in the process of being renamed Perception Capital Corp. IV, called its Annual General Meeting for January 16, 2024 at 10:30 a.m. Eastern Time at Loeb & Loeb LLP in Washington, DC, record date December 28, 2023. The proxy states that on the record date there were 10,727,671 Ordinary Shares outstanding, comprising 10,727,670 Class A Ordinary Shares and one Class B Ordinary Share, of which 5,749,999 are described as non-redeemable; another passage gives 18,764,431 shares and a different non-redeemable figure of 5,549,999. Warrants carry no voting rights. Why it matters: With roughly 5.7 million of about 10.7 million Class A shares carrying no redemption right, only around half the share count still has a trust claim — the public float has already been redeemed down substantially. The document reports two different share counts and two different non-redeemable figures in separate passages, so any per-share trust calculation from this filing alone is unreliable and should be confirmed against the company's other disclosure.(flagged for human review)
What changed vs 2023-11-21going concern APPEAREDgoing-concern doubt, combination deadline1 moved · 1 with no prior record of ours
- Going-concern doubt
- not statedstated
- Combination deadline
- 2024-11-15not matched in this filing
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“scope, or accounting principle, other than an explanatory paragraph regarding substantial doubt regarding the Company’s ability to continue as a going concern. During the two most recent fiscal years ended December 31, 2022 and through”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
outside date1 moved
- Outside date
- 2024-11-152024-11-05
SpacBrain reads this as 10 days earlier than the previous record.
The clause …“if any of the conditions to the Closing have not been satisfied or waived by November 5, 2024 (the “ Outside Date ”); provided, however , the right to terminate the Business Combination Agreement under this provision is only be”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2024-11-05 · unchanged
The clause …“if any of the conditions to the Closing have not been satisfied or waived by November 5, 2024 (the “ Outside Date ”); provided, however , the right to terminate the Business Combination Agreement under this provision is only be”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.