Counter Press Acquisition Corporation
CPAQW
NASDAQ Global Select0.00
USD
+0.00
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Counter Press Acquisition Corporation
CPAQW
(NASDAQ Global Select)
Recent
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Counter Press Acquisition Corporation (CPAQ), ticker CPAQW for its warrants, operates as a blank check company whose principal business activity is to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, with a targeted focus on the sports, media, and data analytics sectors including professional sports businesses; it does not conduct significant operations otherwise. The company, incorporated in 2021 and headquartered at 1981 Marcus Avenue, Suite 227, Lake Success, New York, completed its initial public offering of 8.625 million units at $10 each in February 2022, raising $86.25 million, followed by the separate trading of its Class A ordinary shares (CPAQ) and warrants (CPAW) commencing April 1, 2022. In a major development, the company announced in February 2023 its intent to dissolve and liquidate after failing to complete an initial business combination within the required timeframe under its Amended and Restated Memorandum and Articles of Association, redeeming all outstanding Public Shares at approximately $10.15 per share by February 27, 2023, with proceeds from its trust account distributed to shareholders via the transfer agent Continental Stock Transfer & Trust Company; its initial stockholders waived redemption rights on pre-IPO shares. CPAQW warrants, traded on Nasdaq, reflect this wind-down status with minimal recent activity, and the company maintains leadership under CEO Paul Conway, Chairman Randy Frankel, CFO Michael Kalt, and board members Andrew Friedman and Julie Uhrman, operating principally in the United States within the financial services shell companies sector.