Epiphany Technology Acquisition Corp.
EPHY
NASDAQ Capital Market10.10
USD
+0.01
- -
CIK
0001827248
ISIN
US29429X1090
CUSIP
29429X109
Return %
Stock
S&P500
1Y
3.48
18.21
3Y
1.00
64.38
5Y
1.00
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
- Peter W. Bell
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 630 Ramona Street Palo Alto CA United States of America 94301
- IPO Date
- Mar 1, 2021
- CIK
- 0001827248
- Website
- epiphanytechacquisition.com
- Similar Companies
- Business
- Epiphany Technology Acquisition Corp is a blank check company primarily engaged in effecting mergers, stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses. The company was formed in 2020 and focuses its search for initial business combination targets within the technology industry. Its key services revolve around acquiring or merging with technology firms to facilitate growth and expansion in diverse tech sectors. Epiphany Technology Acquisition Corp is headquartered in New York, United States. The company completed an initial public offering in early 2021, raising approximately $402.5 million to finance potential acquisitions or business combinations with technology firms. However, despite initial active negotiations for business combinations, Epiphany Technology Acquisition Corp announced in late 2022 that it would not complete an initial business combination and planned to dissolve and liquidate its assets due to market conditions and regulatory challenges including the impact of the Inflation Reduction Act of 2022, which affected repurchases and redemptions by publicly traded domestic corporations. This liquidation decision marked a significant strategic change and cessation of pursuit of any merger or acquisition in the near term. Geographically, the company operates primarily in the United States, targeting technology businesses mainly within North America for its business combinations. The management team includes co-Chief Executive Officers Ross Haghighat and Peter Bell, Chairman of the Board Arthur Coviello, and Vice Chairman Paul Deninger. As a special purpose acquisition company (SPAC), it does not manufacture or sell products directly but focuses on creating value through strategic acquisitions within the technology sector. In summary, Epiphany Technology Acquisition Corp provides investment and acquisition services aimed at delivering growth to publicly traded technology companies, but recent major developments include its filing to liquidate and dissolve after failing to secure a suitable acquisition target or complete a quality business combination as initially intended. This description incorporates the company’s core business model, recent major strategic developments, leadership, geographic focus, and founding background.