Avalon Acquisition Inc.
AVACU
NASDAQ Global Market8.90
USD
-1.99
- -
CIK
0001836478
ISIN
US05338E2000
CUSIP
05338E200
Return %
Stock
S&P500
1Y
- -
18.21
3Y
-12.23
63.29
5Y
-11.18
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
- Oct 6, 2021
- CIK
- 0001836478
- Website
- avalonspac.com
- Similar Companies
- Business
- Avalon Acquisition Inc. Avalon Acquisition Inc. is a blank check company, or special purpose acquisition company (SPAC), whose purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses primarily on targets in the financial services and financial technologies sectors that are undergoing transformation due to demographic shifts, changing consumer preferences, technological disruption, and other innovative forces; its offerings consist of units trading under the ticker AVACU, each comprising one share of Class A common stock and one-half of one redeemable warrant, with standalone shares and warrants trading under AVAC and AVACW, respectively. The company conducts no significant independent operations prior to completing an initial business combination and holds cash proceeds from its initial public offering in a trust account for distribution to public stockholders in the event of liquidation or redemption without a deal. Avalon Acquisition Inc. was incorporated in 2020 and is headquartered in San Francisco, California, with a global geographic focus for potential targets. In September 2022, it entered into a definitive merger agreement with The Beneficient Company Group, L.P., a technology-enabled platform offering liquidity, data, custody, and trust services to holders of alternative assets, in a transaction valuing the combined entity at approximately $3.5 billion; stockholders approved the business combination in June 2023, it closed on June 7, 2023, with Beneficient becoming publicly listed under the ticker BENF on Nasdaq, and Avalon shares trading at reduced post-merger levels as of late 2025.