Delwinds Insurance Acquisition
DWIN-WT
New York Stock Exchange0.23
USD
- -
- -
CIK
0001812360
Return %
Stock
S&P500
1Y
-8.00
26.53
3Y
-8.00
76.60
5Y
-8.00
80.11
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
- Asset Management
- Address
- United States of America
- IPO Date
- Jan 29, 2021
- CIK
- 0001812360
- Similar Companies
- Business
- Delwinds Insurance Acquisition Corp. (DWIN-WT) is a blank check company, or special purpose acquisition company (SPAC), whose principal business activity is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar initial business combination with one or more businesses. The company focuses its search primarily on targets in the insurtech, traditional insurance, and insurance-related products and services sectors; it does not currently engage in substantive operations beyond pursuing and consummating such a transaction. Delwinds Insurance Acquisition Corp. was founded in 2020 and is headquartered in Houston, Texas. In September 2022, the company completed a business combination through a reverse merger with FOXO Technologies Inc., a technology firm focused on epigenetic science and AI for life insurance underwriting, pursuant to which FOXO became the surviving public entity trading under the ticker FOXO on the NYSE American. This transaction, valued at an estimated enterprise value of $369 million, provided up to $224 million in gross proceeds including cash from Delwinds' trust account and prior capital raises by FOXO; it was approved by over 91% of Delwinds' voting stockholders at a special meeting on September 14, 2022, following a forward share purchase agreement with Meteora Capital Partners for up to 3 million shares and amendments to prior backstop agreements. The SPAC structure offers no ongoing products or services independent of a target business combination but facilitates public market access and growth capital for insurance and insurtech innovators. Operations target entrepreneurs advancing structural efficiencies, operational talent, and technological solutions in the insurance industry; post-merger, legacy warrants (DWIN-WT) continue trading as derivative securities exercisable into FOXO Technologies Inc. common stock. The company maintains a North American focus with no disclosed subsidiaries or parent relationships beyond the completed FOXO merger.