Ackrell SPAC Partners I Co.

Ackrell SPAC Partners I Co.

ACKIU
Ackrell SPAC Partners I Co.US flagNASDAQ Capital Market
10.36
USD
+0.01
- -
No data availableFinancial data will appear here once available

Capital Structure

FRC

in mil. unless spec.
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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChat
CEO
Stephen N. Cannon
Sector
Financial Services
Industry
Shell Companies
Address
2093 Philadelphia Pike Claymont DE United States of America 19703
IPO Date
Dec 21, 2020
Business
Ackrell SPAC Partners I Co. (ACKIU) 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 target businesses, primarily in the alcoholic and non-alcoholic beverage and wellness sectors of the fast-moving consumer goods market; it offers no proprietary products or services beyond its special purpose acquisition structure, which includes redeemable units comprising common stock and warrants traded on Nasdaq. Incorporated in 2018 and headquartered in Claymont, Delaware, the company conducted an upsized $140 million initial public offering in December 2020 underwritten by EarlyBirdCapital, targeting global branded consumer goods opportunities. In December 2021, it announced a $900 million business combination with North Atlantic Imports LLC d/b/a Blackstone Products, an outdoor cooking griddle company, but the target unilaterally terminated the agreement in August 2022 due to failure to secure extension funding for the trust account, leading to trust liquidation on August 31, 2022 and delisting from Nasdaq; as of September 2025, a related entity Spac Recovery Co. filed for Chapter 11 bankruptcy reorganization in the Southern District of New York with $57 million in assets, reflecting the company's defunct status post-liquidation.

Company News

APIChat
  • Ackrell SPAC Partners I (OTCMKTS:ACKIU) Stock Price Down 0.2% – Should You Sell?

  • Blackstone Products Announces First Quarter 2022 Results, Reiterates Outlook for Fiscal Year 2022

  • White Oak Provides $75 Million Term Loan Financing to North Atlantic Imports

  • Blackstone Products Announces Preliminary Fourth Quarter and Full Year 2021 Results, Reaffirms Fiscal Year 2022 Outlook

  • Blackstone Products Announces Participation in the 24th Annual ICR Conference

  • Blackstone products is going public in a SPAC deal worth $780 million

  • Blackstone Products, the Market Leader in Outdoor Griddles, to Become a Publicly Traded Company Through a Business Combination With Ackrell SPAC Partners