Colonnade Acquisition Corp. II
CLAA-UN
New York Stock Exchange10.18
USD
- -
- -
CIK
0001837739
Return %
Stock
S&P500
1Y
3.67
18.02
3Y
1.90
64.11
5Y
1.90
72.15
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
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Remy White Trafelet
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1400 Centrepark Boulevard West Palm Beach FL United States of America 33401
- CIK
- 0001837739
- Website
- claacq.com
- Similar Companies
- Business
- Colonnade Acquisition Corp. II is a special purpose acquisition company (SPAC) focused on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with existing private companies primarily in the enterprise value range of $1 billion to $3 billion. Founded in 2020 and headquartered in West Palm Beach, Florida, Colonnade Acquisition Corp. II does not produce products or services itself but acts as a vehicle for acquiring and merging with operational companies. A notable recent major change involved its announced business combination with Plastiq Inc., a U.S.-based B2B payments platform that provides payment solutions enabling small and midsize businesses (SMBs) to streamline payment processes, unlock cash flow from business credit cards, and manage payables and receivables efficiently. This merger aimed to create a publicly traded entity with an estimated enterprise value of approximately $480 million, positioning Plastiq to expand its product offerings and market penetration in the SMB payments sector. However, as of early 2023, Colonnade Acquisition Corp. II announced the redemption of all outstanding Class A ordinary shares and ceased operations after failing to consummate the business combination by the required deadline, effectively winding down its activities. The company was listed on the NYSE under the ticker CLAA before the wind-down process commenced. Colonnade Acquisition Corp. II primarily targets business combinations in the financial technology and payment solutions industry through its acquisition strategy and operates in the United States market. This description reflects both the SPAC’s core business model centered on mergers and acquisitions and the latest significant developments involving its intended merger with Plastiq, which was not completed within the designated timeframe, leading to the redemption of shares and cessation of operations.