Atlantic Street Acquisition Cor
ASAQ-WT
New York Stock Exchange0.00
USD
-0.08
- -
CIK
0001819510
Return %
Stock
S&P500
1Y
-99.83
26.53
3Y
-99.83
76.60
5Y
-99.83
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.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001819510
- Similar Companies
- Business
- Atlantic Street Acquisition Corp (ASAQ-WT) operates as a blank check company, or special purpose acquisition company (SPAC), whose primary business is to pursue mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more target businesses. The company focuses its efforts on sectors including technology, media and telecommunications; healthcare; technology-enabled financial services (fintech); and other business and consumer-related services, targeting opportunities that align with its sponsor's expertise in these areas. Atlantic Street Acquisition Corp does not have significant ongoing operations and maintains a trust account from its initial public offering proceeds to fund potential transactions. Founded in 2020 and headquartered in Stamford, Connecticut, the company went public in October 2020 through a $250 million initial public offering of 25 million units at $10 each, sponsored by an affiliate of MC Credit Partners LP; each unit comprised one share of Class A common stock and one-half of one warrant. Leadership includes CEO and Chairman Ashok Nayyar, President Michael Zimmerman, Co-President David Gelobter, and CFO Barry Best, drawing on experience from MC Credit Partners in credit and investment management. The company trades its warrants on the NYSE under the ticker ASAQ-WT, with Class A shares and warrants previously listed as ASAQ and ASAQ WS. In a major development, the company canceled its special stockholders' meeting in October 2022, dissolved, and liquidated after failing to complete an initial business combination within the required timeframe outlined in its charter; it redeemed all outstanding Class A public shares at approximately $10.03 per share from its trust account, while warrants expired worthless and securities were delisted from the NYSE. No merger target or business combination was announced prior to liquidation, marking the end of active operations as a SPAC. Post-liquidation, ASAQ-WT warrants may continue limited trading activity on over-the-counter markets or residual platforms, reflecting neutral short-term and bullish long-term sentiment in some analyses, though the core entity no longer pursues acquisitions.