Counter Press Acquisition Corporation
CPAQU
NASDAQ Global Market10.30
USD
- -
- -
CIK
0001873964
CUSIP
G2542B109
Return %
Stock
S&P500
1Y
1.58
18.21
3Y
2.79
63.29
5Y
2.79
74.90
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
- Paul Matthew Conway
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1981 Marcus Avenue Lake Success NY United States of America 11042
- IPO Date
- Feb 9, 2022
- CIK
- 0001873964
- Similar Companies
- Business
- Counter Press Acquisition Corporation is a blank check company incorporated in 2021 and headquartered in Lake Success, New York. The company is formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It focuses its search on companies within the sports, media, and data analytics sectors, particularly professional sports businesses. The company has not commenced any operations nor generated revenues apart from its initial public offering activities. Counter Press Acquisition Corporation raised approximately $86 million in its IPO in February 2022, with leadership including CEO Paul Conway, Chairman Randy Frankel, and CFO Michael Kalt. The company’s core business consists of seeking and acquiring enterprises in the specified sectors but does not directly manufacture or sell products or services itself as a blank check acquisition entity. It acts primarily as an investment vehicle to facilitate business combinations in its targeted industries. A significant recent development is the company’s decision announced in early 2023 to dissolve and liquidate as it appears unable to complete an initial business combination within the prescribed timeline. Consequently, it directed the trustee of its trust account to liquidate the funds for distribution to shareholders. This marked a major operational change as the company abandoned its initial strategic plan to effect a merger or acquisition and commenced dissolution proceedings. Prior to this, in April 2022 the company separated the trading of its Class A ordinary shares and warrants to facilitate trading liquidity. Overall, Counter Press Acquisition Corporation remains a financial shell company specialized in pursuing mergers or acquisitions in sports, media, and data analytics but has moved towards liquidation having not completed such transactions within its operational timeframe.