Macondray Capital Acquisition Corp. I
DRAYU
NASDAQ Capital Market9.97
USD
+0.02
- -
Macondray Capital Acquisition Corp. I
DRAYU
(NASDAQ Capital Market)
Recent
price
9.97
P/E
ratio
- -
div
yld
- -
ROIC.AI
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.- Similar Companies
- Business
- Macondray Capital Acquisition Corp. I (NASDAQ:DRAYU) operates as a blank check company, or special purpose acquisition company (SPAC), incorporated in the Cayman Islands for the purpose of effecting a merger, amalgamation, share exchange, share purchase, asset acquisition, reorganization, or similar business combination with one or more businesses; it focuses primarily on targets in the software, data and technology, media, and telecom (TMT) sectors with enterprise values of approximately $1.5 billion and above. The company, founded on March 15, 2021 and headquartered in Woodside, California, generates no significant operations or revenue prior to completing a business combination and maintains its IPO proceeds in trust. In December 2022, Macondray announced the redemption of its public shares at approximately $10.15 per share and liquidation effective January 6, 2023, due to failure to consummate an initial business combination within the required timeframe; despite this, its units continue trading actively as of late 2025 with a market capitalization around $358 million, a price-to-earnings ratio of 40.96x, and a 52-week range of $9.87 to $10.65, indicating ongoing market presence potentially through extensions, sponsor activities, or restructured operations.