Corazon Capital V838 Monoceros Corp (CRZN) is 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. The company has no current significant operations or revenues and focuses on targets in consumer-facing technology sectors, including subscription or recurring revenue models, marketplaces and networks in areas such as education, social media and dating, and electronic commerce. It offers no specific products or services beyond its structure as a special purpose acquisition company (SPAC), including Class A ordinary shares and redeemable warrants exercisable at $11.50 per share.
Founded on January 29, 2021, and headquartered in Chicago, Illinois, the company completed its initial public offering of 20 million units at $10.00 per unit in March 2021, raising $200 million before underwriting discounts, with units listed on Nasdaq under CRZNU, shares under CRZN and warrants under CRZNW. Sponsored by Corazon V838 Monoceros Sponsor LLC, an affiliate of Corazon Capital LLC, it is led by Corazon co-founders Sam Yagan as CEO and Steven Farsht, along with principal Phil Schwarz. The company maintains its trust with approximately $200 million as of its IPO, adjusted for redemptions.
As of late 2025, Corazon Capital V838 Monoceros Corp remains in search of a business combination target more than four years post-IPO, with no announced mergers, acquisitions, partnerships, funding rounds, new product launches or strategic shifts in the last 1-2 years. Its shares trade around $10 per share with low volume, reflecting a market capitalization of approximately $260 million, and it holds a high equity ratio with minimal debt. The company operates principally in the United States with no disclosed subsidiaries or parent relationships beyond its sponsor.