Crescent Acquisition Corp.
CRSAW
NASDAQ Capital Market1.60
USD
-0.05
- -
Crescent Acquisition Corp.
CRSAW
(NASDAQ Capital Market)
Recent
price
1.60
P/E
ratio
- -
div
yld
- -
ROIC.AI
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.- Similar Companies
- Business
- Crescent Acquisition Corp. (CRSAW) operates as a special purpose acquisition company (SPAC), or blank check company, whose principal business activity focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar initial business combination with one or more businesses. Founded in 2017 and headquartered in Los Angeles, California, the company does not have traditional products or services but holds capital in trust primarily invested in U.S. Treasury securities and money market funds pending a business combination; its securities include redeemable Class A common stock, public warrants exercisable for one share of Class A common stock at $11.50 per share, and units comprising one share and one-third of one warrant. The company targeted opportunities leveraging relationships with private equity sponsors, particularly in below investment grade credit opportunities across various industries, sectors, or geographies, with initial operations centered in the United States. In June 2021, Crescent Acquisition Corp. completed a business combination with LiveVox Holdings, Inc., a provider of cloud-based contact center platforms; post-merger, the combined entity adopted the LiveVox name and ticker symbols, with Crescent's common stock (CRSA) and units (CRSAU) transitioning while warrants retained the CRSAW designation. LiveVox's common stock subsequently traded under LVOX before eventual delisting amid operational challenges; no further mergers, acquisitions, funding rounds, or strategic shifts involving Crescent Acquisition Corp. itself have occurred since the de-SPAC transaction, and CRSAW warrants continue trading on Nasdaq as legacy securities with an expiration linked to the original terms.