Altimar Acquisition Corp. III
ATAQ
New York Stock Exchange10.43
USD
+0.02
- -
CIK
0001841004
CUSIP
G0370U108
Return %
Stock
S&P500
1Y
5.14
18.21
3Y
6.43
64.38
5Y
6.43
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
•
in mil. unless spec.- CEO
- Thomas Wasserman
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 40 West 57th Street New York City NY United States of America 10019
- IPO Date
- Apr 26, 2021
- CIK
- 0001841004
- Website
- ataq.altimaracquisition.com
- Similar Companies
- Business
- Altimar Acquisition Corp. III (NYSE: ATAQ) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing operations beyond pursuing a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Sponsored by Altimar Sponsor III, LLC, an affiliate of HPS Investment Partners, LLC, the company focuses on opportunities in sectors including technology, media, and telecom (TMT), healthcare, financial services, fintech, and consumer industries. It provides investors access to pre-identified acquisition targets through its public structure, with units comprising one Class A ordinary share and one-fourth of a warrant exercisable at $11.50. Founded in 2021 and headquartered at 40 West 57th Street, 33rd Floor, New York, New York, the company raised approximately $155 million in its initial public offering on March 4, 2021, by issuing 15.5 million units at $10.00 each, upsized from an initial target, with Goldman Sachs and J.P. Morgan as lead underwriters. Altimar Acquisition Corp. III holds proceeds primarily in trust, intended for deployment in a qualifying business combination, while maintaining low operational expenses through administrative support from its sponsor. In a major development, the company announced on September 5, 2023, that it would redeem all outstanding public Class A ordinary shares effective September 22, 2023, at approximately $10.34 per share from its trust account balance of $41.6 million, as it failed to complete an initial business combination within the extended deadline of September 8, 2023, per its amended memorandum and articles of association. Trading of its securities on the NYSE ceased on September 8, 2023, with the company initiating wind-down procedures, including delisting via Form 25 and deregistration via Form 15 with the SEC, while retaining up to $100,000 for dissolution expenses and honoring creditor claims under Cayman Islands law. The sponsor waived redemption rights on founder shares and private warrants, which expired worthless, marking the SPAC's full liquidation without any merger, acquisition, or strategic partnership consummated.