Altimar Acquisition Corp. III
ATAQF
Other OTC0.00
USD
-0.01
- -
CIK
0001841004
ISIN
KYG0370U1168
Return %
Stock
S&P500
1Y
-96.00
26.53
3Y
-98.00
76.60
5Y
-98.00
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.- CEO
- Thomas Wasserman
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 40 West 57th Street New York City NY United States of America 10019
- CIK
- 0001841004
- Website
- ataq.altimaracquisition.com
- Similar Companies
- Business
- Altimar Acquisition Corp. III is a special purpose acquisition company (SPAC) incorporated in 2021 and headquartered in New York, New York. The company does not have significant operations of its own but is focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It operates primarily as a blank check company targeting acquisitions in sectors including technology, media and telecommunications (TMT), healthcare, financial services/financial technology, and consumer industries. Altimar Acquisition Corp. III was formed by HPS Investment Partners and aims to leverage its sponsor's expertise and global network to identify high-growth companies poised for strong cash flow generation. The company raised significant capital via its initial public offering and has been involved in facilitating business combinations, notably sponsoring large-scale mergers in alternative asset management. The company's latest major development includes a decision announced in September 2023 to redeem all outstanding Class A ordinary shares and not consummate an initial business combination within the designated timeframe, leading to plans to wind up operations and liquidate. Prior to this, Altimar Acquisition Corp. III played a critical role in the completion of a $12.5 billion merger between Owl Rock Capital Group and Dyal Capital Partners to form alternative asset manager Blue Owl Capital, which subsequently began trading on the NYSE under the ticker OWL. This transaction exemplifies the company’s strategic focus on financial services and investment sectors through SPAC mergers. The company has also conducted share buybacks and other equity transactions as part of its capital management strategy. Altimar Acquisition Corp. III’s operational strategy revolves around leveraging its financial sponsor’s platform to execute mergers and acquisitions rather than producing or selling physical products or services directly. Altimar Acquisition Corp. III’s business is primarily located in the U.S. with financial activities heavily tied to markets in North America and partnerships that may span global markets indirectly through the entities it merges with or acquires. The company’s shareholders and investors include institutional clients and high-net-worth individuals participating in SPAC offerings for access to growth-stage private companies transitioning to public markets. Altimar Acquisition Corp. III’s role is mainly as a capital vehicle designed to provide private companies with liquidity and access to public equity markets via business combinations facilitated by the company’s management and sponsors. In summary, Altimar Acquisition Corp. III is a Cayman Islands-exempted blank check company founded in 2021, headquartered in New York, specializing in facilitating mergers and acquisitions primarily within TMT, healthcare, financial services, and consumer sectors through SPAC mechanisms. Its most notable recent activity includes the significant merger forming Blue Owl Capital and the decision in 2023 to redeem public shares and cease operations after an unsuccessful attempt to complete a new business combination within its required timeframe. The company's model focuses on investment and strategic acquisition facilitation rather than direct product manufacturing or service provision.