PORTAGE FINTECH ACQUISITION CORP. : Other Events (form 8-K)

Item 8.01. Other Events.

On August 15, 2022, Portage Fintech Acquisition Corporation (the "Company") and Goldman Sachs & Co. LLC ("Goldman Sachs"), as a representative of the underwriters named in Schedule I to the Underwriting Agreement (the "Underwriting Agreement"), dated July 20, 2021, among the Company, Goldman Sachs and BTIG, LLC, entered into an agreement pursuant to which Goldman Sachs waived all rights to the Deferred Discount (as defined in the Underwriting Agreement). The Deferred Discount was for an amount of approximately $6.5 million and was owed upon consummation by the Company of an initial business combination. The Company continues to pursue an initial business combination but there is no assurance it will be able to consummate one.

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