East Resources Acquisition Company
ERESW
NASDAQ Capital Market0.28
USD
+0.01
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East Resources Acquisition Company
ERESW
(NASDAQ Capital Market)
Recent
price
0.28
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- East Resources Acquisition Company (ERESW) is a blank check company, or special purpose acquisition company, formed in 2020 and headquartered in Boca Raton, Florida, that completed a business combination with Abacus Life in July 2023, resulting in its renaming to Abacus Life, Inc. (NASDAQ: ABL) while its warrants continue trading under ERESW; post-merger, the company operates as a vertically integrated alternative asset manager and market maker specializing in life settlements, longevity-based financial products, and specialty insurance solutions across the United States and internationally in 49 states. Core offerings include purchasing and actively managing life insurance policies with over $10 billion in face value acquired since 2004 through Abacus Life Solutions; institutional services for insurance carriers and reinsurers to optimize legacy liabilities; uncorrelated longevity-based assets, fixed-income replacements, and free-cash flow investments via Abacus Asset Group; data-driven wealth advisory for financial advisors through Abacus Wealth Advisors; and technology platforms for real-time mortality verification, participant location, and secondary market servicing under ABL Tech. Recent developments encompass the July 2024 acquisition of Carlisle Management Company SCA for approximately $200 million, adding $2 billion in assets under management to bolster global life settlement fund capabilities; a follow-on public offering in mid-2024 generating over $90 million in net proceeds; the October 2025 sale of $50 million in securitized life insurance assets; and strong Q3 2025 financial performance with revenue surging 124% to $63 million, alongside two additional key acquisitions including FCF to position for 2025 expansion.