Atlantic Coastal Acquisition Corp.
ACAH
NASDAQ Capital Market10.45
USD
-0.18
- -
CIK
0001836274
ISIN
KYG332771313
CUSIP
048453104
Return %
Stock
S&P500
1Y
3.77
26.84
3Y
6.18
77.03
5Y
6.18
80.55
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
- Anthony Porcheron
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 6 St Johns Lane New York City NY United States of America 10013
- IPO Date
- Apr 28, 2021
- CIK
- 0001836274
- Similar Companies
- Business
- Atlantic Coastal Acquisition Corp. (NASDAQ:ACAH) is a blank check company, or special purpose acquisition company (SPAC), with no significant operations that intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting the mobility sector; it holds cash in trust for distribution to public shareholders upon a qualifying transaction or mandatory redemption. The company provides no operational products or services, instead offering a structure for private companies to access public markets through de-SPAC transactions, sponsor promote shares, and warrants exercisable at $11.50 per share. Founded in 2020 and headquartered in New York, New York, Atlantic Coastal operates principally in the United States with a focus on investment holding activities across North America. Recent major developments include multiple extensions of its initial business combination deadline through 2023, including to August 2023 via shareholder approval and trust contributions, amid failed merger attempts such as a December 2021 agreement with Essentium that terminated in early 2022 due to market conditions; non-redemption agreements covering up to 2.4 million shares in exchange for promote shares; receipt of Nasdaq delisting notices in 2024 for compliance failures; and ultimate redemption of substantially all public shares (approximately 89.7% or 31 million shares at around $10.14) leading to full liquidation without completing a business combination, as announced around August 2023 with final dissolution processes by late 2023 or early 2024.
Atlantic Coastal Acquisition Corp. Receives Expected Nasdaq Delisting Determination
IMPORTANT: Atlantic Coastal Acquisition Corp. Files Definitive Proxy Statement in Connection with Plan to Extend the Amount of Time the Company has to Consummate a Business Combination
Atlantic Coastal Acquisition Corp. Announces Plans to Extend Deadline to Complete Initial Business Combination.
Atlantic Coastal Acquisition Corp. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination
Atlantic Coastal Acquisition Corp. Announces Second Monthly Extension of Business Combination Period and Additional Contribution to Trust Account