Churchill Capital Corp VI
CCVI
New York Stock Exchange10.49
USD
+0.01
- -
Churchill Capital Corp VI
CCVI
(New York Stock Exchange)
Recent
price
10.49
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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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
- Churchill Capital Corp VI (NYSE: CCVI) operates as a blank check company, or special purpose acquisition company (SPAC), whose primary purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses; it conducts no significant operations and generates no revenue pending such a transaction. Founded in 2020 and headquartered in New York, New York, the company focuses on targets that generate stable free cash flow, leveraging proprietary deal-sourcing channels associated with sponsor Churchill Capital and led by Michael Klein; it serves investors seeking exposure to high-growth opportunities across industries such as technology, financial services, and sustainable sectors through public market access. The company raised $480 million in its upsized initial public offering in February 2021, offering 48 million units at $10.00 each on the New York Stock Exchange under the symbol CCVI.U, with underwriters including J.P. Morgan, Citigroup, Goldman Sachs, and BofA Securities. In February 2023, it signed a non-binding letter of intent with an undisclosed target, securing a three-month extension to its completion deadline, though no merger materialized. In November 2023, the board announced redemption of all outstanding public shares at approximately $10.49 per share due to failure to complete a business combination by the deadline, with trading ceasing on December 1, 2023, and public shares deemed cancelled effective December 4, 2023, marking its liquidation.
Company News
Small Cap Stocks Worth Watching – October 28th
Churchill Capital Corp VI Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination
DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Churchill Capital Corp. VI and Encourages Investors to Contact the Firm