Ascendant Digital Acquisition Corp. III
ACDI
New York Stock Exchange10.38
USD
+0.01
- -
CIK
0001850316
ISIN
KYG051571050
CUSIP
G05157105
Return %
Stock
S&P500
1Y
4.11
18.21
3Y
5.38
64.38
5Y
5.38
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
- Mark Gerhard
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 667 Madison Avenue New York City NY United States of America 10065
- IPO Date
- Dec 31, 2021
- CIK
- 0001850316
- Website
- ascendant.digital
- Similar Companies
- Business
- Ascendant Digital Acquisition Corp. III (ACDI) is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, with a focus on sectors within the Attention Economy including interactive digital entertainment, film and television, music, print and digital books such as magazines and comics publications, e-sports, live events and other consumer entertainment forms along with enabling services and technologies. Founded in 2021 and headquartered in New York, New York, the company generates no current operations or revenues and completed an upsized initial public offering of 26.1 million units priced at $10.00 each in November 2021 for net proceeds of approximately $300 million, with Goldman Sachs & Co. LLC as lead book-running manager. In a significant development, its board announced the redemption of all outstanding Class A ordinary shares in January 2023 at approximately $10.14 to $10.18 per share, leading to liquidation effective February 16, 2023, after failing to complete a business combination within the required timeframe, while the NYSE suspended trading in its warrants (ACDI WS) in December 2022 due to abnormally low prices.