Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective January 11, 2022, the board of directors (the "Board") of Periphas Capital Partnering Corporation (the "Company") accepted the resignation of John Bowman as the Company's Chief Financial Officer and subsequently appointed Todd Nice to serve as the Company's Chief Financial Officer.

Mr. Nice previously served as Managing Director for CFGI, New York, NY as a leader in its private equity practice from January 2018 until November 2021. Prior to CFGI, Mr. Nice held several financial officer positions in the financial services industry at TPG from October 2016 to December 2018, Fortress Investment Group from November 2013 to September 2016, Alpine Grove Partners, and Goldman Sachs.

There are no family relationships between Mr. Nice and any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer of the Company that are subject to disclosure under Item 404(d) of Regulation S-K. There are no transactions between the Company and Mr. Nice that are subject to disclosure under Item 404(a) of Regulation S-K.

In connection with the appointment, on January 11, 2022, the Company and Mr. Nice entered into an indemnification agreement, which is substantially similar to the indemnification agreements entered into by the other officers and directors of the Company in connection with the Company's initial public offering.

In connection with the appointment, Mr. Nice has agreed to become a party to that certain letter agreement, dated December 9, 2020, by and among the Company, the Company's directors and officers (the "Letter Agreement") and entered into a joinder to the Letter Agreement on January 11, 2022.

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