Ackrell SPAC Partners I Co.
ACKIT
NASDAQ Capital Market10.38
USD
+0.01
- -
Ackrell SPAC Partners I Co.
ACKIT
(NASDAQ Capital Market)
Recent
price
10.38
P/E
ratio
- -
div
yld
- -
ROIC.AI
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.- Similar Companies
- Business
- Ackrell SPAC Partners I Co. (NASDAQ: ACKIT) operates as a blank check company with no significant ongoing operations, focusing on pursuing mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses; it targets the fast-moving consumer goods sector, particularly alcoholic and non-alcoholic beverages, wellness products, and hemp-based branded consumer goods. The company offers special purpose acquisition vehicles through its public units (ACKIU), subunits (ACKIT), and warrants (ACKIW), enabling investors to participate in potential de-SPAC transactions. Founded in 2018 and headquartered in Claymont, Delaware, Ackrell SPAC conducts global operations with a focus on branded consumer markets. In December 2020, Ackrell SPAC upsized and closed its initial public offering, raising $138 million through 13.8 million units at $10 each, underwritten by EarlyBirdCapital and I-Bankers Securities. It entered a $900 million business combination agreement in December 2021 with North Atlantic Imports, LLC d/b/a Blackstone Products, a maker of outdoor griddles and accessories, which included stockholder approval for extensions in June 2022; however, the target terminated the agreement in August 2022, prompting trust liquidation and cessation of operations later that year. Most recently, on September 26, 2025, Spac Recovery Co., associated with Ackrell SPAC Partners I Co., filed for Chapter 11 bankruptcy reorganization in the US Bankruptcy Court for the Southern District of New York, listing $57.31 million in assets against $9.47 million in liabilities.