Arena Fortify Acquisition Corp.
AFACW
NASDAQ Global Market0.00
USD
- -
- -
CIK
0001849489
Return %
Stock
S&P500
1Y
-99.88
18.21
3Y
-99.92
64.38
5Y
-99.92
72.43
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
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 405 Lexington Avenue New York City NY United States of America 10174
- IPO Date
- Dec 31, 2021
- CIK
- 0001849489
- Similar Companies
- Business
- Arena Fortify Acquisition Corp. (AFACW) operates as a blank check company whose primary business focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses; it targets acquisition candidates within the natural resources industry, particularly those that have recently emerged from bankruptcy court protection or require incremental capital for balance sheet restructuring. The company offers no operating products or services beyond its standard special purpose acquisition company structure, including redeemable units, Class A ordinary shares and public warrants traded on Nasdaq under tickers AFACU, AFAC and AFACW respectively. Incorporated in 2021 and headquartered at 405 Lexington Avenue, 59th Floor in New York, New York, Arena Fortify conducts its activities principally in the United States with a global geographic focus for potential targets in the materials sector. In a major development, the company obtained stockholder approval on December 8, 2022, to amend its charter and terminate operations ahead of its initial business combination deadline, resulting in the delisting of its securities from Nasdaq on December 8, 2022, a mandatory redemption of public shares at approximately $10.27 per share completed around December 14, 2022, and the expiration of warrants as worthless; no merger or acquisition was ultimately pursued. Led by CEO Daniel B. Zwirn, Arena Fortify maintains no subsidiaries, employees or ongoing revenue-generating operations post-liquidation.