Portage Fintech Acquisition Corporation announced that On July 11, 2023, each of Adam Felesky, Ajay Chowdhery, Paul Desmarais III, Steven Jay Freiberg, Stuart Charles Harvey, Jr., G. Thompson Hutton, Seraina Macia and Jason Michael Pate tendered their resignation as directors in connection with the entrance by PFTA I LP, an Ontario limited partnership into a Securities Purchase Agreement with Perception Capital Partners III LLC, a Delaware limited liability company . Such resignations are conditioned on the closing of the transactions contemplated by the Agreement and will be effective as of the closing date, which is expected to be no later than July 21, 2023. Prior to or at the Closing, each of Scott Honour, Rick Gaenzle, R. Rudolph Reinfrank, Thomas J. Abood and Karrie Willis will fill the vacancies left by the departing directors set above.

Also on July 11, 2023, Ajay Chowdhery tendered resignation as Chief Operating Officer, respectively, with such resignation conditioned on the Closing and to be effective as of the Closing Date. On the Closing Date, Officer, and Tao Tan and Jim Sheridan will join the Company as Co-Presidents.