Carney Technology Acquisition Corp. II
CTAQ
NASDAQ Capital Market10.18
USD
+0.01
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Carney Technology Acquisition Corp. II
CTAQ
(NASDAQ Capital Market)
Recent
price
10.18
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Carney Technology Acquisition Corp. II is a blank check company formed in 2020 and headquartered in Palo Alto, California, focused on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations primarily in the technology sector. The company does not manufacture or sell products or services directly but aims to identify and acquire businesses within technology, fintech, communications, and related industries. It raised approximately $402.5 million in its initial public offering in December 2020, listing on Nasdaq under the ticker CTAQ. In recent developments, Carney Technology Acquisition Corp. II announced it was unable to finalize a qualifying business combination and chose to liquidate, with its Class A common stock cancelled and shareholders receiving proportional shares from its trust account as of February 2023, marking a significant operational closure and the company's exit from active business combination efforts. The company had extended deadlines for stockholder meetings and share redemptions amid these developments but ultimately decided not to proceed with further mergers or acquisitions. It operated with a focus on leveraging public markets to support innovative technology enterprises until the discontinuation of its activities in early 2023. This strategic shift represents the latest major change in the company's operations since its founding.