Avalon Acquisition Inc.
AVAC
NASDAQ Global Market9.10
USD
+0.15
- -
CIK
0001836478
ISIN
US05338E1010
CUSIP
05338E101
Return %
Stock
S&P500
1Y
-8.82
18.21
3Y
-7.80
63.29
5Y
-7.80
74.90
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
- S. Craig Cognetti CFA
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2 Embarcadero Center San Francisco CA United States of America 94111
- IPO Date
- Dec 3, 2021
- CIK
- 0001836478
- Website
- avalonspac.com
- Similar Companies
- Business
- Avalon Acquisition Inc operates as a special purpose acquisition company (SPAC) primarily focused on pursuing mergers and acquisitions in the financial services and technology sectors, especially fintech. The company went public in October 2021 through an initial public offering that raised approximately $207 million, listing its units on Nasdaq under the symbol AVACU. Avalon Acquisition's core activity centers on identifying and combining with businesses that operate in financial services, alternative asset management, and technology-enabled liquidity solutions for investors. A major recent development for Avalon Acquisition is its strategic merger with The Beneficient Company Group, valued at around $3.5 billion. Beneficient is a technology-enabled provider of liquidity and related services for investors in alternative assets. This merger, approved by Avalon stockholders in mid-2023, positions the combined entity to offer improved liquidity solutions that address the traditionally opaque secondary market for alternative investments. Beneficient has facilitated approximately $1.1 billion in liquidity transactions since 2017 and launched upgraded fintech platforms, and now through Avalon’s access to capital markets, it aims to expand its service offerings further. Avalon Acquisition focuses on products and services including liquidity solutions for alternative asset investors, fintech platforms supporting these operations, and capital raising through private investment in public equity (PIPE) transactions. The merger expanded its capabilities in financial asset management and investment liquidity, targeting high-net-worth individuals, institutional investors, and small institutions in North America and beyond. With headquarters in the United States and strategic operations linked to both companies, Avalon Acquisition’s business model now integrates fintech innovation with robust financial services and capital market access to drive growth and operational scale. The company continues to explore new acquisitions and partnerships within its target sectors. In summary, Avalon Acquisition Inc engages in business combinations within the financial services and fintech sectors. Its latest major change is the completion of a $3.5 billion merger with Beneficient Company Group that enhances its product suite with advanced liquidity services for alternative asset investors and fintech platform capabilities. Founded in 2021 and headquartered in the U.S., Avalon Acquisition leverages capital markets expertise to support the growth of technology-driven financial service providers.
Avalon Acquisition Inc. Announces Date of Special Meeting for Proposed Business Combination with Beneficient