Delwinds Insurance Acquisition Corp.
DWIN
New York Stock Exchange8.40
USD
+0.59
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Delwinds Insurance Acquisition Corp.
DWIN
(New York Stock Exchange)
Recent
price
8.40
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Delwinds Insurance Acquisition Corp. (NYSE:DWIN) is a blank check company with no significant operations that focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the insurance, insurtech, traditional insurance, and insurance-related products and services industries. Founded in 2020 and headquartered at One City Centre, 1021 Main Street, Suite 1960, Houston, Texas, the company targets insurance and technology entrepreneurs to provide public market access, growth capital, and operational enhancements through the SPAC structure. It offers no current products or services beyond its pursuit of an initial business combination. In September 2022, Delwinds announced and sought stockholder approval for a business combination with FOXO Technologies Inc., a longevity insurtech firm developing saliva-based epigenetic biomarker underwriting technology and consumer engagement services for the global life insurance industry; the merger agreement, signed in February 2022, valued the combined entity at an estimated enterprise value of up to $369 million, funded by approximately $201 million in trust cash, FOXO convertible debentures, and a $40 million committed equity facility from an affiliate of Cantor Fitzgerald, with plans to list the post-merger company as FOXO on the NYSE American after transferring from the NYSE. The transaction received over 91% approval from voting stockholders at a special meeting on September 14, 2022, despite 99.5% redemptions of public shares, and included a forward share purchase agreement with Meteora Capital Partners for up to 3 million shares; FOXO was to survive the merger with its stockholders holding a majority post-closing, supported by a $10 million investment commitment from Chairman Andrew J. Poole and Gray & Company if trust cash fell below that threshold. As of late 2025, Delwinds Class A common stock trades around recent levels with warrants at $0.12-$0.23, indicating the SPAC persists without a completed de-SPAC merger or liquidation.
Delwinds Insurance Acquisition Corporation Announces Pricing of $175,000,000 Initial Public Offering