Adit EdTech Acquisition Corp. R
ADEX-WT
New York Stock Exchange0.08
USD
+0.03
- -
CIK
0001830029
Return %
Stock
S&P500
1Y
7.97
26.53
3Y
21.92
76.60
5Y
21.92
80.11
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
- David L. Shrier
- Sector
- Financial Services
- Industry
- Financial - Capital Markets
- Address
- CIK
- 0001830029
- Similar Companies
- Business
- Adit EdTech Acquisition Corp. R (NYSE American: ADEX-WT) comprises the redeemable warrants of Adit EdTech Acquisition Corp., a blank check company formed in 2020 and headquartered in New York, New York; the warrants entitle holders to purchase shares of common stock at $11.50 per share and originated from the separation of units traded under ADEX.U following the company's initial public offering in early 2021, with EarlyBirdiCapital acting as lead manager. Originally targeting mergers, share exchanges, asset acquisitions, or similar combinations in the education technology sector—including online learning platforms, digital assessments, and education management services—the company leveraged Adit Capital's global investment platform and expertise in K-12, higher education, and lifelong learning markets across domestic and select international regions. In a pivotal strategic shift, Adit EdTech completed a reverse merger with Griid Infrastructure LLC in December 2023, renaming to Griid Infrastructure Inc. (formerly NYSE: ADEX, later GRDI), which operates bitcoin self-mining facilities in the US with carbon-free power sources; this $3.3 billion deal, initially announced in 2021 and amended multiple times amid extensions, led to voluntary delisting from NYSE American in January 2024 and subsequent listing on Cboe Canada under GRDI.WS before Griid's acquisition by CleanSpark, Inc. in October 2024, suspending trading of the related securities. The warrants continue as legacy instruments tied to the post-merger entity, reflecting ongoing value in operational improvements and growth for bitcoin mining operations previously under Griid.