Carney Technology Acquisition Corp. II
CTAQW
NASDAQ Capital Market0.00
USD
+0.00
- -
CIK
0001823634
CUSIP
143636116
Return %
Stock
S&P500
1Y
-99.86
18.21
3Y
-99.97
64.38
5Y
-99.97
72.43
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.- CEO
- David E. Roberson
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 533 Airport Boulevard Burlingame CA United States of America
- IPO Date
- Feb 1, 2021
- CIK
- 0001823634
- Similar Companies
- Business
- Carney Technology Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to facilitate mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations primarily within the technology sector. The company does not have significant operations of its own but focuses on identifying and executing a business combination with one or more technology-related businesses. It offers Class A common stock units typically consisting of a share and redeemable warrants to raise capital for these future transactions. Carney Technology Acquisition Corp. II was incorporated in 2020 and is headquartered in Palo Alto, California. Regarding recent major changes, the company was unable to finalize an initial business combination and announced a decision to liquidate as approved by its stockholders in a special meeting held on December 14, 2022. Subsequently, the company extended the deadline for business combination efforts to June 14, 2023, but ultimately concluded that it could not deliver a satisfactory transaction, leading to the redemption and cancellation of its Class A common stock shares and the expiration of its warrants. The liquidation process includes returning proportional shares from the trust account to shareholders, and the company will not redeem any warrants, which will expire worthless. These developments mark significant operational and strategic shifts as the company transitions out of active pursuit of mergers and acquisitions.