Independence Holdings Corp.
ACQRU
NASDAQ Capital Market10.19
USD
- -
- -
CIK
0001837393
ISIN
KYG4761A1195
CUSIP
G4761A119
Return %
Stock
S&P500
1Y
3.40
26.84
3Y
1.90
77.03
5Y
1.90
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
- John Lawrence Furlong
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 277 Park Avenue New York City NY United States of America 10172
- IPO Date
- Mar 5, 2021
- CIK
- 0001837393
- Website
- indholdings.com
- Similar Companies
- Business
- Independence Holdings Corp. (Nasdaq: ACQRU) is a blank check company, or special purpose acquisition company (SPAC), incorporated in the Cayman Islands whose principal business activity is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses; it currently has no significant operations. The company focuses on high-quality growth companies primarily in the financial technology (FinTech), software, and tech-enabled services sectors, targeting entities with enterprise values generally between $1 billion and $5 billion, although it may pursue opportunities in other industries or outside that range. Founded in 2020 and headquartered at 277 Park Avenue, 29th Floor, Suite B, New York, New York 10172, United States, the company is sponsored by Independence Sponsor LLC and led by Co-Chairmen Steven J. McLaughlin, founder and CEO of FT Partners, and Eugene Yoon, founder and Managing Partner of Bregal Sagemount, with affiliations to these firms providing access to extensive deal flow, due diligence, and operational resources. In March 2021, the company completed an upsized initial public offering of 43.5 million units at $10.00 per unit, raising $435 million (before underwriting discounts), with proceeds deposited into a trust account; underwritten by Citigroup Global Markets Inc. and Deutsche Bank Securities Inc., the offering included a 45-day over-allotment option. In a significant operational change, Independence Holdings announced on February 28, 2023, that it would redeem all outstanding Class A ordinary shares effective March 10, 2023, as it did not consummate an initial business combination within the required timeframe under its amended and restated memorandum and articles of association; the units continue to trade on Nasdaq as of December 2025. The company operates without specified geographic limitations beyond its U.S.-based trust account and global sector focus, serving public market investors seeking exposure to pre-combination SPAC structures.