D and Z Media Acquisition Corp.
DNZ-WT
New York Stock Exchange0.00
USD
- -
- -
CIK
0001830374
Return %
Stock
S&P500
1Y
-96.87
18.21
3Y
-96.87
63.29
5Y
-96.87
74.90
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.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001830374
- Similar Companies
- Business
- D and Z Media Acquisition Corp. (DNZ-WT) is a blank check company, or special purpose acquisition company (SPAC), whose sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting opportunities in the media, education technology (ed-tech), and related industries. The company offers no operating products or services of its own but maintains trust account proceeds from its initial public offering for deployment in a qualifying de-SPAC transaction; its securities include units, Class A common stock, and warrants traded on the New York Stock Exchange. Incorporated in 2020 and headquartered in Atlanta, Georgia, D and Z Media Acquisition operates principally in the United States with a focus on North American targets. In early 2023, the company announced the redemption of all outstanding public shares and cessation of operations after failing to complete an initial business combination by its deadline of February 7, 2023, amid challenging market conditions and a limited pool of suitable acquisition candidates; trading of its units, Class A common stock, and warrants on the NYSE ceased on January 27, 2023, followed by delisting and termination of SEC registration. Prior to liquidation, D and Z Media pursued targets such as Simplifi in 2021, though the proposed merger did not proceed due to valuation concerns and lack of PIPE financing support from major investors. The company, led by Chairman, President, and CEO Betty Liu—formerly Executive Vice Chairman of the New York Stock Exchange—and CFO Mark Wiltamuth, raised $250 million in its January 2021 IPO underwritten by Goldman Sachs and Loop Capital Markets but returned capital to shareholders upon winding up without any acquisitions, partnerships, or strategic expansions.