Easterly Acquisition Corp.
EACQ
NASDAQ10.44
USD
-0.01
- -
CIK
0001641197
Return %
Stock
S&P500
1Y
- -
26.53
3Y
- -
76.60
5Y
- -
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
- Insurance - Reinsurance
- Address
- IPO Date
- Oct 2, 2015
- CIK
- 0001641197
- Similar Companies
- Business
- Easterly Acquisition Corp. (EACQ) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing business operations; it focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination, primarily targeting companies in the financial services industry. The company offers no core products or services beyond its SPAC structure, which facilitates public market access for private businesses through a de-SPAC transaction. Founded in 2015 and headquartered in New York, New York, Easterly Acquisition Corp. maintains its primary listing on the Nasdaq under the ticker EACQ for common stock, EACQU for units, and EACQW for warrants. Geographically, the company operates from the United States with a global focus for potential targets, sponsored by Easterly Acquisition Sponsor LLC, an affiliate of Easterly LLC; it raised $200 million in its initial public offering in August 2015 through 20 million units at $10 each, underwritten by Citigroup and I-Bankers Securities. In a major historical development, Easterly Acquisition Corp. announced a definitive merger agreement in June 2018 with Sirius International Insurance Group Ltd., a Bermuda-based multi-line insurer and reinsurer providing property, accident & health, and other specialty coverages across more than 140 countries; the all-stock deal valued the pro forma entity at $2.2 billion, with Easterly shareholders receiving Sirius shares at 1.05 times adjusted book value. Shareholders approved the transaction on November 2, 2018, leading to the merger's completion on November 5, 2018, after which Easterly's securities were suspended from trading, public shares were exchanged, and the combined entity rebranded from Easterly Acquisition Corp. to Sirius Group (tickers shifted to SG-related symbols); no further mergers, acquisitions, funding rounds, or strategic shifts have occurred since, with the SPAC structure effectively completed over seven years ago.