Arctos NorthStar Acquisition Corp.
ANAC-UN
New York Stock Exchange10.18
USD
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Arctos NorthStar Acquisition Corp.
ANAC-UN
(New York Stock Exchange)
Recent
price
10.18
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Arctos NorthStar Acquisition Corp. (NYSE: ANAC-UN) is a blank check company, or special purpose acquisition company (SPAC), incorporated in 2020 as a Cayman Islands exempted company and headquartered in Dallas, Texas; it focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting opportunities in the sports, media, and entertainment sectors. Core activities center on identifying and executing initial business combinations within sub-sectors such as sports teams and leagues; data and technology; digital infrastructure; health and wellness; e-sports; betting; ticketing; agencies; services; and hospitality, with no current significant operations beyond holding cash equivalents from its initial public offering and pursuing de-SPAC transactions. The company completed its $316.25 million IPO in February 2021, sponsored by Arctos NorthStar Acquisition Holdings, LLC, an affiliate of Arctos Sports Partners, and led by executives including CEO Theo Epstein, Managing Partner Doc O’Connor, and Managing Partner Ian Charles. In February 2023, following failure to complete an initial business combination by the February 25 deadline, the board announced redemption of all outstanding Class A ordinary shares effective February 27 at approximately $10.19 per share net of expenses, cessation of operations except for winding up, suspension of trading on February 27, and subsequent liquidation and dissolution after delisting from the NYSE; despite this prior termination, ANAC-UN units continue to trade with recent market capitalization around $400 million, total assets of approximately $317 million including $316 million in non-current assets, and ongoing financial reporting including quarterly earnings. Geographically, the company operates on a global basis with a focus on U.S.-centric opportunities in its target industries.