Freedom Acquisition I Corp.
FACT-UN
New York Stock Exchange8.20
USD
-2.05
- -
Freedom Acquisition I Corp.
FACT-UN
(New York Stock Exchange)
Recent
price
8.20
P/E
ratio
- -
div
yld
- -
ROIC.AI
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.- Similar Companies
- Business
- Freedom Acquisition I Corp. is a special purpose acquisition company (SPAC) focused on effecting mergers, asset acquisitions, or business combinations primarily within the financial services sector, targeting technology-enabled businesses. Founded in 2020 and headquartered in the United States, Freedom Acquisition I Corp. initially raised approximately $287.5 million through its IPO aimed at identifying and combining with a technology-driven financial services company. The company's core activities encompass identifying strategic acquisition targets rather than manufacturing or direct product sales. In July 2023, Freedom Acquisition I Corp. completed a business combination with Complete Solaria, Inc., a solar technology and services company, marking a significant expansion from its original financial services focus into clean energy solutions. Complete Solaria offers an integrated platform featuring solar products, customer financing, project fulfillment, and customer service, providing end-to-end clean energy solutions for residential and commercial customers. This merger represents a major strategic shift towards sustainable energy markets, leveraging Complete Solaria's proprietary technologies and comprehensive solar product offerings. Freedom Acquisition I Corp. operates primarily in U.S. markets and is led by an executive team including Chairman Tidjane Thiam and CEO Adam Gishen. The merger with Complete Solaria has positioned the combined entity for growth in the renewable energy sector, with operational and customer service capabilities covering financing, project implementation, and premium solar products under one roof. The company’s latest activities reflect a pivot from fintech-related acquisition goals to active participation in clean energy transition initiatives. The combined operations continue under the Clear Solaria brand with ongoing development of solar energy solutions as the core offering following the merger. The company remains publicly traded under the ticker FACT. Freedom Acquisition I Corp. exemplifies a SPAC leveraging market opportunities through strategic combinations to enter high-growth sectors like clean energy.