Alpha Partners Technology Merger Corp.
APTM
NASDAQ Capital Market10.74
USD
+0.03
- -
Alpha Partners Technology Merger Corp.
APTM
(NASDAQ Capital Market)
Recent
price
10.74
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Alpha Partners Technology Merger Corp. (NASDAQ:APTM) is a blank check company formed in 2021 and headquartered in New York, New York, that intends to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more technology businesses addressing large market needs through software or technology-enabled models powered by secular trends. The company focuses on high-growth targets thriving across market cycles via unique user utility; it raised $250 million in its July 2021 initial public offering of 25,000,000 units at $10.00 each, comprising one Class A ordinary share and one-third of a redeemable warrant exercisable at $11.50 per share, with underwriters Citigroup, Morgan Stanley as joint book-runners and William Blair as co-manager. In late 2023, the sponsor sold control and founder units to Mercury Capital for $1, triggering management changes including resignations of the board, CEO, and CFO, new appointments of Michael Dinsdale, Alan Black, David Sable to the board, and Kanishka Roy as President, CEO, Secretary, and Treasurer; the SPAC secured extension funding via contributions and a subscription agreement with Palmeira for up to $1.5 million to support operations and prolonged its deadline to January 2025 while pursuing a non-binding letter of intent with 3D printing firm Glowforge signed in July and recently reversing a prior liquidation decision to evaluate transaction proposals.