Better World Acquisition Corp.
BWAC
NASDAQ Capital Market10.85
USD
-0.02
- -
Better World Acquisition Corp.
BWAC
(NASDAQ Capital Market)
Recent
price
10.85
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Better World Acquisition Corp. Better World Acquisition Corp. (Nasdaq: BWAC) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing operations. The company pursues mergers, share exchanges, asset acquisitions, stock purchases, recapitalizations, reorganizations, or similar business combinations with one or more target businesses, focusing initially on healthy living industries featuring strong environmental, social, and governance (ESG) profiles in North America and Europe; potential sectors include digital innovation, environmental sustainability, healthcare advances, and consumer technologies promoting social well-being such as clean energy, digital infrastructure, and life sciences. Formed under Delaware law on August 5, 2020, and headquartered in New York, New York, it raised approximately $126.2 million in gross proceeds through its initial public offering of 12,618,600 units at $10.00 each in November 2020, underwritten by EarlyBirdCapital, Inc. and I-Bankers Securities, Inc., with sponsor BWA Holdings LLC providing private warrants. In December 2022, the company entered a business combination agreement with Heritage Distilling Holding Company, Inc., a North American craft distiller, valuing the pro forma enterprise at $122.2 million and expecting up to $44 million in cash for national expansion via Tribal Beverage Network partnerships, but terminated the deal in May 2023 without completing the merger. Unable to identify and consummate a suitable target within its extended deadlines despite multiple trust extensions funded by sponsor deposits of $0.10 per public share, Better World Acquisition Corp. announced its liquidation and dissolution effective July 17, 2023, redeeming public shares at approximately $10.91 per share from the trust account while warrants expired worthless; Nasdaq subsequently delisted its securities, and the company filed to terminate SEC registration.
BLUE WATER ACQUISITION CORP. III SUSPENDS PARTICIPATION IN CITGO ACQUISITION PROCESS
Better World Acquisition Corp. Announces Liquidation