Cohn Robbins Holdings Corp. Red
CRHC-WT
New York Stock Exchange0.03
USD
+0.03
- -
CIK
0001818212
Return %
Stock
S&P500
1Y
-92.97
18.21
3Y
-92.97
63.29
5Y
-92.97
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001818212
- Similar Companies
- Business
- Cohn Robbins Holdings Corp. operates as a special purpose acquisition company (SPAC) primarily focused on identifying and merging with businesses to facilitate their public market entry. Founded in 2020 and headquartered in the Cayman Islands, the company does not have traditional business operations or product manufacturing but specializes in investment management and corporate acquisition services. Cohn Robbins seeks target companies for merger opportunities, providing capital through raised funds and public listing infrastructure. The company notably pursued a business combination with Allwyn AG, a multinational lottery operator, aiming to take Allwyn public via merger on the New York Stock Exchange with an enterprise value initially projected near $9.3 billion. This strategic transaction involved significant capital commitments, including a $350 million private investment in public equity (PIPE) from international investors and Cohn Robbins itself, led by co-founders Gary D. Cohn and Clifton S. Robbins. However, in late 2022, Cohn Robbins and Allwyn mutually decided not to proceed with the merger due to adverse market conditions and volatility, leading to a strategic pivot. Cohn Robbins continues to operate as a blank check company with the core service of seeking value-accretive acquisition targets in global markets, particularly leveraging the experience of its co-founders in investment management and growth equity. The company’s latest major developments include navigating the extended merger timeline and adjusting to changing equity market dynamics after the terminated Allwyn deal. As of the latest update, Cohn Robbins maintains a public listing and works toward new acquisition opportunities to deploy its capital trust to benefit shareholders. The company operates in the financial services and investment sector, targeting primarily corporate acquisition candidates in diverse industries globally. It is recognized for its strategic alliances with institutional investors and its founders’ leadership, bringing over three decades of investment experience to its business model. Cohn Robbins Holdings Corp. represents a contemporary SPAC model focused on facilitating growth and public transitioning of innovative businesses, with its headquarters registered in the Cayman Islands and no direct manufacturing or product sales. Its ongoing efforts emphasize capital deployment via mergers, partnerships, and investor relations in the evolving equity market landscape.