Enterprise 4.0 Technology Acquisition Corp.
ENTFW
NASDAQ Global Market0.00
USD
+0.00
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Enterprise 4.0 Technology Acquisition Corp.
ENTFW
(NASDAQ Global Market)
Recent
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0.00
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Enterprise 4.0 Technology Acquisition Corp. (ENTFW) operates as a blank check company whose sole purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, with a focus on technology sectors aligned with enterprise 4.0 initiatives including software, hardware, IT services, artificial intelligence, cloud computing, cybersecurity, cloud-native companies, intelligent automation, and data analytics delivering actionable enterprise insights; it conducts no significant independent operations or generates revenue pending such a transaction and targets enterprise technology companies globally. Founded in 2021 and headquartered in Palo Alto, California, the company completed an upsized initial public offering of 30 million units at $10 each in October 2021 for gross proceeds of $300 million, underwritten by Cantor Fitzgerald & Co. and Mizuho Securities USA LLC, with units comprising one Class A ordinary share and one-half redeemable warrant trading under symbols ENTF, ENTFU, and ENTFW on Nasdaq. In a major development, the company announced its intent to dissolve and liquidate in July 2023 after failing to complete an initial business combination despite a shareholder-approved extension to October 2023 from April, with trading of public shares suspended on July 24, 2023, trust account proceeds distributed pro rata to public shareholders shortly thereafter, and warrants expiring worthless, marking the culmination of its failed pursuit of a technology target.