Carney Technology Acquisition Corp. II
CTAQU
NASDAQ Capital Market10.19
USD
+0.04
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Carney Technology Acquisition Corp. II
CTAQU
(NASDAQ Capital Market)
Recent
price
10.19
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 (CTAQU) operates as a blank check company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting innovative companies in the technology, fintech, communications, and related industries; it offers no current products or services beyond its SPAC structure, including units comprising one share of Class A common stock and one-third of a redeemable warrant exercisable at $11.50 per share, with trust proceeds held in escrow pending a qualifying transaction. Incorporated in 2020 and headquartered in Palo Alto, California, the company focuses on established enterprises and high-growth private firms seeking public market access, with global geographic scope but no significant operations or revenues to date. In a major development, it completed a $402.5 million initial public offering in December 2020 via 40.25 million units at $10 each, underwritten by Morgan Stanley, Cantor Fitzgerald, and Mizuho Securities; however, after failing to identify a suitable target despite a stockholder-approved extension to June 2023, it announced intent to dissolve and liquidate in February 2023, cancelling Class A shares on February 14, 2023, distributing trust proceeds pro rata to holders, and allowing warrants to expire worthless, with the entity now defunct.
Carney Technology Acquisition Corp. II Announces Closing of $402,500,000 Initial Public Offering
Carney Technology Acquisition Corp. II Announces Pricing of $ $350,000,000 Initial Public Offering