CHP Merger Corp.

CHP Merger Corp.

CHPM
CHP Merger Corp.US flagNASDAQ Capital Market
10.18
USD
-0.01
- -
No data availableFinancial data will appear here once available

Capital Structure

FRC

in mil. unless spec.
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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChat
CEO
James T. Olsen
Sector
Financial Services
Industry
Shell Companies
Address
25 Deforest Ave Ste 108 Summit NJ United States of America 07901
IPO Date
Nov 22, 2019
Business
CHP Merger Corp. (CHPM) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant independent operations; it focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses primarily in the healthcare or healthcare-related industries in the United States. The company provides no core products or services beyond its SPAC structure, which facilitates public market access for target entities through standard SPAC vehicles including trust accounts funded by IPO proceeds, redeemable shares, and warrants; its target sectors encompass healthcare providers, medical technology, biotechnology, and related services. Incorporated in 2019 and headquartered in Summit, New Jersey, CHP Merger Corp. maintains a lean operational footprint with approximately three employees at IPO and trades on NASDAQ under the ticker CHPM, with a market capitalization around $266 million as of recent data. Geographically, it concentrates on U.S.-based opportunities without disclosed international operations or subsidiaries. In recent developments, a proposed reverse merger with Integrity Implants Inc. (later rebranded as Accelus), announced in late 2021 with an estimated pro-forma enterprise value of $482 million, was unanimously approved by boards but ultimately cancelled in April 2022; the company extended its business combination deadline multiple times, including to May 2022 via stockholder vote, received $8 million in funding from CHP Acquisition Holdings LLC in 2019 to support trust contributions, and faced delisting in April 2022 while remaining active in trading with no successful merger consummated to date.

Company News

APIChat
  • CHP investigating fatal shooting in rural eastern Contra Costa County

  • Bioenergy Market to Hit USD 642.71 Billion by 2027; Growing Need to Replace Fossil Fuels with Renewable Energy Sources Worldwide to Fuel Market Expansion: Fortune Business Insights(TM)

  • Bioenergy Market to Hit USD 642.71 Billion by 2027; Growing Need to Replace Fossil Fuels with Renewable Energy Sources Worldwide to Fuel Market Expansion: Fortune Business Insights(TM)

  • Report: California Highway Patrol officer harassed 21 women

  • CHP officers temporarily switch from tan to dark-blue uniforms

  • Campus Health Project to Speak at LEAD1 Association’s COVID-19 Testing Webinar

  • July 16, Arts and Entertainment Source: CHP officer doesn’t mind when the job is dragon

  • Turkey amends laws to allow multiple lawyer associations

  • Large Group Of Street Racers Arrested In Malibu

  • Curtis Engine & Equipment Co., Inc. and Western Branch Diesel Power Generation Division Announce Merger

  • Man Killed By Car After Lighting Firework In Lennox

  • Head-on high-speed collision kills man in Discovery Bay

  • ‘A de-facto civilian coup is happening in Turkey:’ Opposition leader Kemal Kilicdaroglu

  • CHP July 4 Maximum Enforcement: Drivers Urged To Slow Down

  • CHP officer shoots at fleeing stolen vehicle in Hayward

  • 5 things to know about the Hagia Sophia

  • 4 injured in Oakland freeway shooting attack in California

  • 4 injured in shooting on I-580 in Oakland: Police - The Statesman

  • At least four injured in freeway shooting on I-580 in Oakland

  • Families of Sean Monterrosa and Erik Salgado unite to demand justice after police killings