Artemis Strategic Investment Corporation

Artemis Strategic Investment Corporation

ARTEW
Artemis Strategic Investment CorporationUS flagNASDAQ Global Market
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76.72MMarket Cap
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Capital Structure

FRC

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
CEO
Holly Gagnon
Sector
Financial Services
Industry
Shell Companies
Address
3310 East Corona Avenue Phoenix AZ United States of America 85040
IPO Date
Nov 22, 2021
Business
Artemis Strategic Investment Corporation (Nasdaq: ARTE, ARTEU, ARTEW) operates as a blank check company whose sole purpose remains to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with no current significant operations or revenue generation. The company focuses primarily on targets providing transformational technology to experiential entertainment within the gaming, hospitality and entertainment industries, including casino gaming, sports betting and iGaming, distributed gaming, gaming technology and equipment, lodging, social and casual mobile games, restaurants, fitness and wellness, live entertainment and leisure; it pursues both consumer-facing operators and business-to-business platforms supporting them, predominantly in the U.S. market with potential international opportunities. Founded in 2021 and headquartered at 3310 East Corona Avenue, Phoenix, Arizona 85040, the company conducted its initial public offering in September 2021, raising $175 million through 17.5 million units. Recent major developments include the announcement on October 30, 2023, of the mutual termination of its merger agreement with Danam Health, Inc., originally dated August 7, 2023 and amended September 7, 2023, due to failure to complete an initial business combination within the required timeframe; this led to full liquidation and dissolution effective close of business on October 26, 2023, with redemption of all outstanding Class A common shares from public stockholders at approximately $10.75 per share from the trust account, while warrants expired worthless and no distributions occurred for them. Prior to liquidation, the company pursued but cancelled a reverse merger with Novibet PLC in 2023, valued at around $696 million enterprise pro forma, and separated its units for independent trading of shares and warrants in November 2021.