Perfect Corp. and Provident Acquisition Corp. Complete Business Combination

Perfect Corp. and Provident Acquisition Corp. Complete Business Combination


Perfect Corp., a global leader in providing augmented reality (“AR”) and artificial intelligence (“AI”) Software-as-a-Service (“SaaS”) solutions to the beauty and fashion industries, and Provident Acquisition Corp. (Nasdaq: PAQC; “Provident”), a special purpose acquisition company, announced today that their previously announced business combination (the “Business Combination”) has been completed.

Perfect Corp. will be the name of the listed company formed as a consequence of the Business Combination, and its shares and warrants will begin trading on the New York Stock Exchange on October 31, 2022, under the ticker codes “PERF” and “PERF WS,” respectively.

Founded in 2015, Perfect is a global leader in providing AR and AI SaaS solutions to beauty and fashion industries. Utilizing facial 3D modeling, and AI deep learning technologies, Perfect empowers beauty brands with product try-on, facial diagnostics, and digital consultation solutions to provide consumers with an enjoyable, personalized, and convenient omnichannel shopping experience. Today, Perfect has a leading market share in helping the world’s top beauty brands execute digital transformation, improve customer engagement, increase purchase conversion, and drive sales growth while maintaining environmental sustainability and fulfilling social responsibilities. 

Provident is a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses. Provident’s sponsor team combines over 85 years of experience in investment, technology, and beauty industries to bring an innovative global technology leader to the public capital market. Led by Winato Kartono as the Executive Chairman, Michael Aw as the CEO and CFO, and Andre Hoffmann as the President, Provident seeks to complete business combinations with companies headquartered in Asia but with global footprints, proven technologies, and leading market share

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