Avanti Acquisition Corp.
AVAN
New York Stock Exchange10.04
USD
+0.01
- -
CIK
0001819608
ISIN
KYG0682V1095
Return %
Stock
S&P500
1Y
2.14
18.21
3Y
3.51
64.38
5Y
3.51
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
- Nassef Onssy Naguib Sawiris
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Boundary Hall Grand Cayman Cayman Islands KY1-1102
- IPO Date
- Dec 15, 2020
- CIK
- 0001819608
- Website
- avanti-acquisition.com
- Similar Companies
- Business
- Avanti Acquisition Corp. (AVAN) is a blank check company with no significant operations, formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It targets businesses across various industries in Europe featuring a strong United States nexus and international reach. The company offers no current products or services beyond its special purpose acquisition structure, including Class A ordinary shares traded on the New York Stock Exchange prior to delisting. Incorporated in 2020 as a Cayman Islands exempted company, Avanti Acquisition Corp. maintains its headquarters in Grand Cayman, Cayman Islands. Sponsored by Avanti Acquisition SCSp, an affiliate of NNS Group—the private family office of Nassef Sawiris—and Sienna Capital, a subsidiary of Groupe Bruxelles Lambert, the company raised $500 million (upsized from $600 million initially planned) in its October 2020 initial public offering. In October 2022, Avanti Acquisition Corp. announced the redemption of all outstanding Class A ordinary shares at approximately $10.06 per share, as it failed to complete an initial business combination by the October 6 deadline mandated by its articles of association. The New York Stock Exchange suspended trading and commenced delisting proceedings shortly thereafter, marking the company's liquidation and cessation of operations except for winding-up activities. No mergers, acquisitions, partnerships, funding rounds, or product launches occurred during its two-year existence.