Crypto 1 Acquisition Corp
DAOO
NASDAQ Global Market10.13
USD
-0.21
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Crypto 1 Acquisition Corp
DAOO
(NASDAQ Global Market)
Recent
price
10.13
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Crypto 1 Acquisition Corp (Nasdaq: DAOO) is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with a focus on digital assets and cryptocurrency exchanges, payment systems and related financial services companies including wallets, lending and decentralized finance. The company has not commenced substantive operations, generated revenue or selected a specific business combination target. Incorporated in 2021 as a Cayman Islands exempted company and headquartered at 1221 Brickell Avenue Suite 900, Miami, Florida, it raised $230 million in gross proceeds from its initial public offering in December 2021 at $10.00 per unit, with underwriter B. Riley Securities Inc. acting as sole book-runner. In December 2022, the company announced its intent to dissolve and liquidate after failing to complete an initial business combination within the required timeframe under its Amended and Restated Memorandum and Articles of Association, redeeming all outstanding Public Shares at approximately $10.14 per share by December 19, 2022, while its initial stockholders waived redemption rights. Leadership includes Founder and Chairman Dr. Najamul Kidwai with over 30 years in product development, investment and operations; Founder, Chief Executive Officer Michael (Xu) Zhao with cryptocurrency trading and exchange experience; and Chief Financial Officer David Hytha with 35 years in financial management for technology companies. The company's team has extended activities beyond the SPAC through affiliations such as the C1 Secondaries Fund, a regulated private investment fund targeting up to $500 million in secondaries investments in blockchain, crypto, Web3 and FinTech companies, including recent investments like Figment for blockchain infrastructure.
Crypto 1 Acquisition Corp (Nasdaq: DAOO) announced the following today: