Corsair Partnering Corporation
CORS-WT
New York Stock Exchange0.01
USD
-0.16
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Corsair Partnering Corporation
CORS-WT
(New York Stock Exchange)
Recent
price
0.01
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Corsair Partnering Corporation (CORS-WT) operates as a blank check company whose primary purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar partnering transaction with one or more businesses, with a focus on market-leading financial and business services franchises featuring strong management teams, growth opportunities, sustainable unit economics, and potential for value creation through technology and innovation; it conducts no significant operations and generates no revenues pending such a transaction. The company, affiliated with sponsor Corsair Capital LLC, a specialist investment firm in payments, software, and business services, targets entities in North America and Europe. Incorporated in the Cayman Islands in 2020 and headquartered at 717 Fifth Avenue, 24th Floor, New York, New York, it went public in July 2021 raising approximately $251 million through an initial public offering of 25.1 million units at $10.00 each, which later separated into Class A ordinary shares (CORS) and warrants (CORS WS). In June 2023, facing expiration of its 24-month completion window (extendable to 27 months), Corsair Partnering Corporation announced the redemption of all outstanding Class A ordinary shares at approximately $10.37 per share, effective July 11, 2023, leading to delisting from the New York Stock Exchange, termination of SEC registration via Form 15, and cessation of operations except for winding up; warrants (CORS-WT) continued trading thereafter as residual securities tied to the now-liquidated entity. No partnering transaction was completed, and no further developments, such as mergers, acquisitions, funding, or strategic shifts, have occurred for the company within the last 1-2 years amid its dissolution.