890 5th Avenue Partners, Inc.

890 5th Avenue Partners, Inc.

ENFAU
890 5th Avenue Partners, Inc.US flagNASDAQ Global Select
9.01
USD
-1.45
- -
No data availableFinancial data will appear here once available

Capital Structure

FRC

in mil. unless spec.
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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
Sector
Financial Services
Industry
Shell Companies
Address
101 Cross Highway Westport CT United States of America 10580
IPO Date
Jan 12, 2021
Business
890 5th Avenue Partners, Inc. 890 5th Avenue Partners, Inc. (NASDAQ:ENFAU) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses; it specializes in converging opportunities across technology, media, sports, and telecommunications sectors undergoing rapid disruption, including shifts to direct-to-consumer content consumption, increased engagement on digital platforms, remote activities in entertainment and education, and scale-driven partnerships. Formed as a Delaware corporation in 2020 with headquarters in Rye, New York, the company targets businesses in these high-growth verticals characterized by accelerated digital transitions, e-commerce integration, and subscription monetization models; its team brings deep expertise from sourcing, negotiating, and executing investments and acquisitions in technology, media, and telecom for global organizations. Core offerings center on its SPAC structure, providing public market access via its Class A ordinary shares and warrants traded under ENFAU units, backed by approximately $287.5 million in IPO proceeds raised in January 2021 through underwriters including Cowen and Craig-Hallum Capital Group; geographic focus spans global operations with emphasis on U.S.-based opportunities. Notable past activity includes the 2021 business combination with BuzzFeed, Inc., completed in December at a $1.5 billion enterprise value alongside the acquisition of Complex Networks, resulting in BuzzFeed BuzzFeed, Inc. trading as BZFD, though marked by high redemptions exceeding 94%; in 2022, affiliates entered a Membership Interest Purchase Agreement with Group Nine Acquisition Corp. to acquire economic interests in founder shares without triggering change of control. As of late 2025, the company remains active as a blank check entity with units trading around $9.01 and a market capitalization near $319 million, continuing to seek strategic targets amid ongoing SPAC market dynamics without announced new combinations, acquisitions, or liquidations in the past 1-2 years.

Company News

APIChatGPT
  • 890 5th Avenue Partners, Inc. Stockholders Approve Business Combination with BuzzFeed, Inc.

  • 890 5th Avenue Partners, Inc. Announces Registration Statement in Connection with its Proposed Business Combination with BuzzFeed, Inc. has been Declared Effective and Sets December 2, 2021 as the Meeting Date for The Special Meeting of Stockholders

  • BuzzFeed Inc. Reports Results for the Second Quarter and Six Months Ended June 30, 2021

  • 890 5th Avenue Partners, Inc. Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

  • 890 5th Avenue Partners, Inc. Announces the Separate Trading of Its Class A Common Stock and Warrants Commencing on March 5, 2021

  • 890 5th Avenue Partners, Inc. Announces the Separate Trading of Its Class A Common Stock and Warrants Commencing on March 5, 2021

  • 890 5th Avenue Partners, Inc. Announces Closing of $287.5 Million Initial Public Offering

  • 890 5th Avenue Partners, Inc. Announces Pricing of $250 Million Initial Public Offering