Austerlitz Acquisition Corporation I

Austerlitz Acquisition Corporation I

AUSCF
Austerlitz Acquisition Corporation IUS flagOther OTC
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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
Richard Nelson Massey
Sector
Financial Services
Industry
Shell Companies
Address
1701 Village Center Circle Las Vegas NV United States of America 89134
Business
Austerlitz Acquisition Corporation I (OTCMKTS: AUSCF) operates as a blank check company with no significant ongoing business operations; it seeks to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities, initially targeting opportunities in financial technology or information and business services sectors that function as essential utilities to core economic industries. Incorporated in 2020 and headquartered in Las Vegas, Nevada, the company offers redeemable units consisting of one Class A ordinary share and one-fourth of one redeemable warrant exercisable for one Class A ordinary share at $11.50, alongside standalone Class A ordinary shares and warrants traded under symbols AUS=, AUS, and AUS WS prior to delisting; it maintains cash proceeds in trust from its February 2021 initial public offering of $690 million, underwritten by Credit Suisse, JP Morgan, and BofA Securities, with 100% of IPO proceeds held in trust. The company, formerly known as Foley Trasimene Acquisition Corporation III and sponsored by Cannae Holdings and Trasimene Capital Management, announced in October 2022 that sponsors would seek early shareholder approval to liquidate operations and redeem shares prior to the original March 2023 deadline due to failure to identify a suitable merger partner after reviewing hundreds of targets; warrants faced immediate trading suspension and delisting from the NYSE on the same date for abnormally low prices, while units and shares continued trading briefly before shifting to OTC markets amid negative returns on equity exceeding -146% and negligible trading volume.