Accelerate Acquisition Corp.
AAQC
New York Stock Exchange10.12
USD
- -
- -
CIK
0001838883
Return %
Stock
S&P500
1Y
4.28
18.21
3Y
3.43
64.38
5Y
3.43
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Robert L. Nardelli
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 51 John F. Kennedy Parkway Short Hills NJ United States of America 07078
- IPO Date
- May 10, 2021
- CIK
- 0001838883
- Website
- xlr8ac.com
- Similar Companies
- Business
- Accelerate Acquisition Corp. (AAQC) is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses; it focuses its search on opportunities in the industrial, transportation and mobility, consumer, and retail sectors. The company generates no revenues and conducts no current operations beyond pursuing such a business combination. Founded in 2020 and headquartered at 51 John F. Kennedy Parkway, Short Hills, New Jersey, USA, AAQC raised $400 million in its initial public offering in March 2021 by selling 40 million units at $10 each, each consisting of one share of Class A common stock and one-third of a redeemable warrant exercisable at $11.50 per share; units traded on the New York Stock Exchange under AAQC.U, with separate trading of shares and warrants under AAQC and AAQC WS. In November 2022, the NYSE suspended trading in AAQC WS warrants and commenced delisting proceedings, marking a significant operational shift as the company remains inactive without a completed merger. Key executives include CFO Michael Simoff and Corporate Secretary Jeffrey Louis Kaplan, with board members comprising Michael Simoff, John Kelly, and Mark Little.
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