Edify Acquisition Corp.
EACPW
NASDAQ Capital Market0.00
USD
+0.00
- -
CIK
0001832765
ISIN
US28059Q1114
CUSIP
28059Q111
Return %
Stock
S&P500
1Y
-97.71
18.21
3Y
-99.89
64.38
5Y
-99.88
72.43
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
- IPO Date
- Mar 1, 2021
- CIK
- 0001832765
- Similar Companies
- Business
- Edify Acquisition Corp. (EACPW) operates as a blank check company, or special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with a focus on the education, education technology (EdTech), workforce development and human capital management industries. Incorporated in Delaware on September 30, 2020, the company is headquartered at 888 7th Avenue, Floor 29, New York, NY 10106, United States, and raised $276 million in its initial public offering in 2021 through the sale of 27.6 million units at $10 each. As a SPAC, it generates no operational revenue and offers no products or services beyond its acquisition-seeking structure; its core activities center on identifying high-growth targets in the U.S.-focused sectors noted above, conducting due diligence, negotiating business combinations and delivering shareholder value through post-merger performance. In December 2022, Edify entered into a merger agreement with Unique Logistics International Inc., under which Unique would merge with a wholly-owned subsidiary of Edify to become a Nasdaq-listed public company valued at approximately $360 million, but the deal was mutually terminated in March 2024 due to unmet closing conditions. Subsequently, Edify announced its dissolution and liquidation, redeeming all outstanding public shares at approximately $10.61 per share as of March 12, 2024, directing the trustee to liquidate trust account securities, anticipating Nasdaq delisting via Form 25 and deregistration via Form 15 with the SEC; EACPW warrants, expiring November 25, 2025, continue limited trading post-liquidation with no further business combinations pursued.