Charlton Aria Acquisition Corporation
CHAR
NASDAQ Global Market10.81
USD
+0.01
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Charlton Aria Acquisition Corporation
CHAR
(NASDAQ Global Market)
Recent
price
10.81
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Charlton Aria Acquisition Corporation (Nasdaq: CHAR) operates as a blank check company focused on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities; its efforts to identify prospective targets are not limited to any particular industry or geographic region. Incorporated in the Cayman Islands as an exempted company with limited liability in 2024 and headquartered in Wilmington, Delaware, the company conducts no significant operations and generates no revenues prior to completing an initial business combination. The company targets businesses with strong management teams, growth potential and defensible market positions, particularly those presenting expansion opportunities. In October 2024, Charlton Aria Acquisition Corporation completed its initial public offering of 7,500,000 units at $10.00 each, raising $75 million in gross proceeds before underwriting discounts and expenses; each unit comprises one Class A ordinary share and one right entitling the holder to one-eighth of one Class A ordinary share upon business combination consummation. The offering was upsized in November 2024 following the full exercise of the underwriter's over-allotment option for an additional 1,125,000 units, bringing total proceeds to approximately $85 million; separate trading of Class A ordinary shares (CHAR) and rights (CHARR) commenced on November 26, 2024. Formerly a subsidiary of ST Sponsor II Limited, the company is led by CEO and Chairman Robert Garnet and CFO Yunmei Ma, with proceeds held in trust pending a business combination targeted by April 2026, subject to potential extensions.
Charlton Aria Acquisition (NASDAQ:CHAR) Shares Down 0.3% – Time to Sell?