Edify Acquisition Corp.
EACPU
NASDAQ Capital Market10.92
USD
+0.02
- -
CIK
0001832765
ISIN
US28059Q2021
CUSIP
28059Q202
Return %
Stock
S&P500
1Y
7.80
18.21
3Y
5.61
63.29
5Y
9.20
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.- CEO
- Ronald H. Schlosser
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 888 7th Avenue New York City NY United States of America 10106
- IPO Date
- Jan 15, 2021
- CIK
- 0001832765
- Website
- edifyacq.com
- Similar Companies
- Business
- Edify Acquisition Corp is a special purpose acquisition company (SPAC) formed to identify and combine with a target company primarily within the education, education technology (EdTech), workforce development, and human capital management sectors. As a SPAC, Edify Acquisition Corp does not produce revenue from its own products or services but focuses on executing mergers or acquisitions to create value for shareholders through the acquired entity’s business operations. The company was established to capitalize on growth opportunities in digital education platforms, innovative learning solutions, and workforce optimization tools. Recent developments indicate that Edify Acquisition Corp did not complete a business combination within its designated timeframe and has initiated the liquidation of its trust account and is delisting its securities from NASDAQ as of early 2024. Previous merger attempts, such as a planned business combination with Unique Logistics International, were cancelled, underscoring challenges faced in securing strategic acquisitions. The company’s operational status as of 2025 reflects a winding down of SPAC activities rather than ongoing active business pursuits. Separately, the name Edify is also associated with another company, Edify Energy, which is unrelated to Edify Acquisition Corp, specializing in renewable energy and battery storage in Australia, and with Edify (acquired by Avaya in 2024), a provider of AI-powered customer journey orchestration and cloud-native communications software. However, these distinct entities are not business operations of Edify Acquisition Corp. Edify Acquisition Corp is headquartered in the United States and was listed on NASDAQ under the ticker EACU. Founded as a blank check company with the objective of pursuing strategic mergers in its target industries, it primarily provides a vehicle for potential high-growth acquisitions rather than direct products or services. In summary, Edify Acquisition Corp functions as a SPAC targeting EdTech and workforce development sectors but has ceased active merger pursuits as of 2024 and is liquidating operations. It is not a product or service-operating company itself but a financial entity aiming to complete acquisitions within its defined strategic focus before dissolving if unsuccessful.