Counter Press Acquisition Corporation
CPAQ
NASDAQ Global Market10.33
USD
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Counter Press Acquisition Corporation
CPAQ
(NASDAQ Global Market)
Recent
price
10.33
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Counter Press Acquisition Corporation (Nasdaq: CPAQ) operates as a blank check company whose purpose is to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company focuses its search primarily on targets in the sports, media, and data analytics sectors, with particular emphasis on professional sports businesses; it does not conduct any substantive operations or generate revenues prior to completing an initial business combination. Incorporated in 2021 and headquartered in Lake Success, New York, the company raised $86.25 million in its initial public offering in February 2022 through the sale of 8,625,000 units at $10.00 each, including the full exercise of the underwriters' over-allotment option; units began trading under the symbol CPAQU, with separate trading of Class A ordinary shares (CPAQ) and warrants (CPAQW) commencing in April 2022. In February 2023, unable to complete an initial business combination within the required timeframe under its Amended and Restated Memorandum and Articles of Association, the company announced its intention to dissolve and liquidate, redeeming all outstanding Class A ordinary shares at approximately $10.15 per share, with the redemption process completed on or before February 27, 2023, and trading ceasing on Nasdaq shortly thereafter; warrants expired worthless with no redemption rights. No mergers, acquisitions, partnerships, funding rounds, or other major strategic developments occurred following the IPO, resulting in the company's defunct status as a liquidated special purpose acquisition corporation.