Avanti Acquisition Corp.
AVAN-UN
New York Stock Exchange10.02
USD
+0.00
- -
CIK
0001819608
Return %
Stock
S&P500
1Y
- -
26.53
3Y
- -
76.60
5Y
- -
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
- Nassef Onssy Naguib Sawiris
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Boundary Hall Grand Cayman Cayman Islands KY1-1102
- CIK
- 0001819608
- Website
- avanti-acquisition.com
- Similar Companies
- Business
- Avanti Acquisition Corp. (AVAN-UN) operates as a blank check company whose principal business activity centers on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company focuses on targets across various industries in Europe featuring a strong United States nexus and international reach; it maintains no significant current operations beyond pursuing such a transaction. 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), Avanti Acquisition Corp. was incorporated in 2020 and headquartered in Grand Cayman, Cayman Islands. In October 2022, the company redeemed all outstanding Class A ordinary shares at approximately $10.06 per share and ceased trading on the New York Stock Exchange after failing to complete an initial business combination within the required timeframe under its amended articles of association, resulting in liquidation; warrants expired without value, while initial shareholders waived redemption rights on Class B shares. The SPAC raised $500 million in its October 2020 initial public offering, underwritten by Citigroup and Goldman Sachs & Co. LLC, but announced winding up operations with no merger or acquisition executed.
Avanti Acquisition Corp. Announces the Separate Trading of Its Shares of Class A Common Stock and Warrants Commencing November 23, 2020