Berenson Acquisition Corp. I
BACA-WT
New York Stock Exchange0.01
USD
- -
- -
CIK
0001869673
Return %
Stock
S&P500
1Y
-85.00
18.21
3Y
-85.00
64.38
5Y
-85.00
72.43
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001869673
- Similar Companies
- Business
- Berenson Acquisition Corp. I operates as a blank-check company, or special purpose acquisition company (SPAC), formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, with a focus on software and technology-enabled services sectors led by expert management teams; it generates no significant independent revenue or products prior to completing such a transaction. Headquartered at 667 Madison Avenue, 18th Floor, New York, New York, the company was incorporated in 2021 as a Delaware corporation, with affiliations to Berenson Holdings LLC, a merchant bank founded in 1990 specializing in investment banking and private equity. It targets companies exhibiting rapid growth potential in the digital economy, leveraging sponsor expertise in due diligence and deal execution to facilitate transformational opportunities. Geographically, Berenson Acquisition Corp. I pursues global targets while based in the United States. In a significant recent development, the company terminated its December 2023 business combination agreement with Custom Health Inc. in September 2024, after which it failed to complete an initial business combination by the September 30, 2024 deadline; it announced dissolution and liquidation, with Trust Account redemption at approximately $10.69 per share for remaining public shares on October 16, 2024, marking the end of operations, NYSE American trading on September 27, 2024, and warrant expiration as worthless. Prior to liquidation, Berenson Acquisition Corp. I had raised $250 million in its September 2021 initial public offering, holding proceeds in trust for deployment in a qualifying deal exceeding $1 billion enterprise value; CEO Mohammed Mustara Ansari and Chairman Jeffrey L. Berenson oversaw these efforts amid ongoing NYSE compliance notices. The liquidation process retains $100,000 from trust interest for dissolution expenses, distributing the balance of about $11.4 million to 1,065,468 public shares outstanding as of August 2024.