Class Acceleration Corp. (NYSE:CLAS-UN) operates as a blank check company with no significant ongoing operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting entities in the digital learning and education technology industry. Incorporated in 2020 and headquartered in Woodside, California, it provides no current products or services beyond its pursuit of a business combination opportunity.
In December 2022, following stockholder approval of a proposed extension of its business combination deadline from January 20, 2023, to June 20, 2023, the board elected to liquidate and dissolve the company before December 31, 2022, redeeming 100% of its Class A common stock. Trading of its securities on the NYSE ceased on December 29, 2022, with redemptions completed around December 30, 2022, at approximately $10.28 per share. The company completed its initial public offering in January 2021, raising $258.75 million through 25,875,000 units at $10.00 each. No merger or acquisition has been announced as of the latest available information, and the entity remains in a post-liquidation state with no active operations or strategic developments reported in 2025.