Colicity Inc. (Nasdaq: COLIU) operates as a blank check company whose principal business activity is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses; it currently has no significant operations. The company focuses its search for a prospective target primarily in the technology, media and telecommunications industries in the United States and other developed countries. Colicity Inc. was founded in 2020 and is headquartered in Kirkland, Washington.
Its units, each consisting of one Class A ordinary share and one-fifth of one redeemable warrant (with each whole warrant exercisable at $11.50 per share), commenced trading on Nasdaq in February 2021 following the closing of its $345 million initial public offering, underwritten by Goldman Sachs & Co. LLC and PJT Partners LP, including the full exercise of the over-allotment option for additional units.
The company is led by Chairman and Chief Executive Officer Craig O. McCaw, a veteran communications and technology entrepreneur, and Chief Investment Officer Randy Russell. As of late 2025, Colicity Inc. maintains approximately $434 million in market capitalization with its trust fully funded at 100% of IPO proceeds and no announced business combination, merger or acquisition target to date.