Crescera Capital Acquisition Corp.
CRECW
NASDAQ Global Market0.05
USD
+0.01
- -
Crescera Capital Acquisition Corp.
CRECW
(NASDAQ Global Market)
Recent
price
0.05
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
- Crescera Capital Acquisition Corp. (CRECW) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses; it targets opportunities primarily in Latin America, with emphasis on sectors including technology, healthcare, education services, consumer, retail, and services undergoing technology-enabled transformations. The company offers no operational products or services beyond its SPAC structure, which includes Class A ordinary shares and redeemable warrants exercisable at $11.50 per share for potential post-combination equity. Founded in 2021 and headquartered at Rua Aníbal de Mendonça, 27, 2nd floor, Rio de Janeiro, RJ 22410-050, Brazil, it conducted an initial public offering in November 2021 raising $201 million, sponsored by affiliates of Crescera Capital, a Brazilian asset management firm. In recent developments, the company extended its completion deadline via shareholder amendment vote in May 2023 but ultimately failed to identify a suitable target; its board approved redemption of shares and liquidation effective December 6, 2023, with Nasdaq delisting occurring in July 2023 and subsequent OTC trading under tickers including CREEF.