Ascendant Digital Acquisition Corp. III
ACDI-UN
New York Stock Exchange10.37
USD
- -
- -
CIK
0001850316
Return %
Stock
S&P500
1Y
1.62
18.21
3Y
2.78
63.29
5Y
2.78
74.90
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
- CIK
- 0001850316
- Website
- ascendant.digital
- Similar Companies
- Business
- Ascendant Digital Acquisition Corp. III (ACDI-UN) is a blank check company whose principal business activity is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company targets opportunities in the interactive entertainment sector, including film and television production and distribution; music publishing and recording; print and digital books, including magazines and comics publications; e-sports platforms and events; live events production and promotion; and other consumer entertainment formats, as well as enabling services and technologies such as content management systems, digital distribution platforms and audience analytics tools. Incorporated in 2021 and headquartered at 667 Madison Avenue, New York, New York, the company has no significant current operations and has not generated revenues. In a major development, the company announced the redemption of public shares on January 31, 2023, following the failure to complete a business combination within its specified timeframe, with liquidation concluding around February 16, 2023; additionally, the New York Stock Exchange suspended trading in its warrants (ACDI WS) in December 2022 due to abnormally low prices and commenced delisting proceedings. Prior to liquidation, the company raised $300 million in its November 2021 initial public offering, underwritten by Goldman Sachs, with proceeds held in trust at 102% of IPO value, and explored global targets without announcing a definitive merger. Geographic operations are global in scope, with a focus on North American and international entertainment markets.