Cascadia Acquisition Corp.
CCAIW
NASDAQ Global Market0.00
USD
+0.00
- -
CIK
0001846968
Return %
Stock
S&P500
1Y
- -
26.84
3Y
-99.69
77.03
5Y
-99.68
80.55
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
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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
- 0001846968
- Similar Companies
- Business
- Cascadia Acquisition Corp. (Nasdaq: CCAIW) operates as a blank check company whose principal business activity focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company does not have significant operations other than sourcing such opportunities, concentrating on industry sectors reshaped by advanced technologies in Industry 4.0, including robotics, automation, artificial intelligence and energy transition; its sponsor is an affiliate of Cascadia Capital LLC, a Seattle-based investment bank providing M&A advisory, capital raising and strategic services primarily to middle-market founder-owned, family-owned and private equity-backed companies. Incorporated in 2021 and headquartered at 1000 2nd Avenue, Suite 1200 in Seattle, Washington, Cascadia Acquisition raised $150 million in its initial public offering in August 2021 through 15 million units trading initially as CCAIU, with separate Class A common shares (CCAI), warrants (CCAIW) and public warrants separating thereafter; the company targeted U.S.-based opportunities without specified geographic limitations beyond its focus on technology-driven sectors. In February 2023, Cascadia Acquisition announced a definitive business combination agreement with RealWear Inc., a provider of ruggedized head-mounted wearable devices for industrial assisted-reality solutions including remote video calling, document navigation, guided workflows and data visualization via its RealWear Cloud Platform, valuing the combined entity at $375.5 million; however, the transaction terminated in April 2023 due to unmet minimum cash requirements amid heavy shareholder redemptions of approximately 14.7 million shares (78% of outstanding shares) and adverse market conditions. Facing a prior deadline of February 2023 extended to August 31, 2023 via charter amendment approved in February 2023, the company failed to complete an initial business combination and announced liquidation on August 18, 2023, with public shares redeemed at approximately $12.34 per share net of taxes and expenses, securities delisted from Nasdaq thereafter and trading halted; no further mergers, acquisitions or operational activities have occurred since liquidation, rendering CCAIW warrants valueless and marking the company as inactive with delisting notices issued in 2023.