Perceptive Capital Solutions Corp (PCSC) gets 6.8% passive stake filing

Rhea-AI Filing Summary

Perceptive Capital Solutions Corp reported that investment entities affiliated with One Fin Capital have taken a significant passive position in its Class A Ordinary Shares. One Fin Capital Management LP, One Fin Capital Master Fund LP, One Fin Capital GP LLC, and David MacKnight each report beneficial ownership of 603,072 Class A shares, representing 6.8% of the class, based on 8,911,250 Class A shares outstanding as of November 12, 2025.

The shares are held by One Fin Capital Master Fund LP for the benefit of its investors, with the other reporting persons exercising shared voting and investment power over the same block. The filers state the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Perceptive Capital Solutions Corp, and they disclaim group status and beneficial ownership beyond their pecuniary interests.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Perceptive Capital Solutions Corp

(Name of Issuer)

Class A Ordinary Shares

(Title of Class of Securities)

G70077105

(CUSIP Number)

01/06/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G70077105

1

Names of Reporting Persons

One Fin Capital Management LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 603,072.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 603,072.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

603,072.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.8 %

12

Type of Reporting Person (See Instructions)

IA, PN

Comment for Type of Reporting Person: Percentage calculated based on 8,911,250 Class A Ordinary Shares outstanding as of November 12, 2025, as reported in the Form 10-Q filed by the Issuer for the quarter ended September 30, 2025.

SCHEDULE 13G

CUSIP No. G70077105

1

Names of Reporting Persons

One Fin Capital Master Fund LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 603,072.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 603,072.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

603,072.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.8 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: Percentage calculated based on 8,911,250 Class A Ordinary Shares outstanding as of November 12, 2025, as reported in the Form 10-Q filed by the Issuer for the quarter ended September 30, 2025.

SCHEDULE 13G

CUSIP No. G70077105

1

Names of Reporting Persons

One Fin Capital GP LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 603,072.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 603,072.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

603,072.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.8 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Percentage calculated based on 8,911,250 Class A Ordinary Shares outstanding as of November 12, 2025, as reported in the Form 10-Q filed by the Issuer for the quarter ended September 30, 2025.

SCHEDULE 13G

CUSIP No. G70077105

1

Names of Reporting Persons

David MacKnight

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 603,072.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 603,072.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

603,072.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.8 %

12

Type of Reporting Person (See Instructions)

HC, IN

Comment for Type of Reporting Person: Percentage calculated based on 8,911,250 Class A Ordinary Shares outstanding as of November 12, 2025, as reported in the Form 10-Q filed by the Issuer for the quarter ended September 30, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Perceptive Capital Solutions Corp
(b)	Address of issuer's principal executive offices: 51 Astor Place, 10th Floor, New York, NY 10003
Item 2.
(a)	Name of person filing: One Fin Capital Management LP, a Delaware limited partnership ("One Fin") One Fin Capital Master Fund LP, a Cayman Islands limited partnership (the "Partnership") One Fin Capital GP LLC, a Delaware limited liability company (the "General Partner") David MacKnight One Fin and the General Partner are the investment adviser and general partner, respectively, of the Partnership. Mr. MacKnight is the control person of One Fin and the General Partner. The reporting persons are filing this Schedule 13G jointly, but not as members of a group, and each disclaims membership in a group. Each reporting person also disclaims beneficial ownership of Class A Ordinary Shares except to the extent of that person's pecuniary interest therein. In addition, the filing of this Schedule 13G on behalf of the Partnership should not be construed as an admission that it is, and it disclaims that it is, a beneficial owner, as defined in Rule 13d-3 under the Act, of any Class A Ordinary Shares covered by this Schedule 13G.
(b)	Address or principal business office or, if none, residence: One Letterman Drive, Building C, Suite C3-400, San Francisco, CA 94129
(c)	Citizenship: See Item 4 of the cover sheet for each reporting person.
(d)	Title of class of securities: Class A Ordinary Shares
(e)	CUSIP No.: G70077105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: One Fin: 603,072 Partnership: 603,072 General Partner: 603,072 David MacKnight: 603,072
(b)	Percent of class: One Fin: 6.8% Partnership: 6.8% General Partner: 6.8% David MacKnight: 6.8%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: One Fin: 0 Partnership: 0 General Partner: 0 David MacKnight: 0
	(ii) Shared power to vote or to direct the vote: One Fin: 603,072 Partnership: 603,072 General Partner: 603,072 David MacKnight: 603,072
	(iii) Sole power to dispose or to direct the disposition of: One Fin: 0 Partnership: 0 General Partner: 0 David MacKnight: 0
	(iv) Shared power to dispose or to direct the disposition of: One Fin: 603,072 Partnership: 603,072 General Partner: 603,072 David MacKnight: 603,072
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Partnership holds Class A Ordinary Shares for the benefit of its investors and has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, Class A Ordinary Shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

One Fin Capital Management LP

Signature:	/s/ MayKao Y. Manisone
Name/Title:	Chief Compliance Officer
Date:	01/13/2026

One Fin Capital Master Fund LP

Signature:	/s/ MayKao Y. Manisone
Name/Title:	Chief Compliance Officer of the General Partner, One Fin Capital GP LLC
Date:	01/13/2026

One Fin Capital GP LLC

Signature:	/s/ MayKao Y. Manisone
Name/Title:	Chief Compliance Officer
Date:	01/13/2026

David MacKnight

Signature:	/s/ David MacKnight
Name/Title:	Reporting person
Date:	01/13/2026

Exhibit Information

Exhibit 99 - Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G

FAQ

Who filed the Schedule 13G for Perceptive Capital Solutions Corp (PCSC)?

The Schedule 13G was filed jointly by One Fin Capital Management LP, One Fin Capital Master Fund LP, One Fin Capital GP LLC, and David MacKnight, who report shared beneficial ownership over the same block of Class A Ordinary Shares.

How many Perceptive Capital Solutions Corp Class A shares does One Fin report owning?

The reporting persons disclose beneficial ownership of 603,072 Class A Ordinary Shares of Perceptive Capital Solutions Corp, with shared voting and dispositive power over that amount.

What percentage of Perceptive Capital Solutions Corp does the 603,072-share stake represent?

The filing states that the 603,072 Class A Ordinary Shares represent 6.8% of the outstanding Class A shares, calculated using 8,911,250 shares outstanding as of November 12, 2025.

Is One Fin’s position in Perceptive Capital Solutions Corp considered passive or activist?

The certifications state the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing the control of Perceptive Capital Solutions Corp, indicating a passive investment stance.

Who ultimately benefits from the Perceptive Capital Solutions Corp shares reported in this Schedule 13G?

The filing explains that One Fin Capital Master Fund LP holds the Class A Ordinary Shares for the benefit of its investors and has the right to receive or direct the receipt of dividends and sale proceeds on those shares.

What is the event date that triggered this Schedule 13G filing for PCSC?

The Schedule 13G identifies January 6, 2026 as the date of the event that required the filing in relation to Perceptive Capital Solutions Corp’s Class A Ordinary Shares.

Do the One Fin reporting persons claim to act as a group in Perceptive Capital Solutions Corp?

The reporting persons state they are filing jointly, but not as members of a group, and each disclaims membership in a group and disclaims beneficial ownership of shares beyond their pecuniary interests.