Fortress Capital Acquisition Co
FCAX-WT
New York Stock Exchange0.00
USD
- -
- -
CIK
0001823733
Return %
Stock
S&P500
1Y
- -
18.21
3Y
- -
64.38
5Y
- -
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001823733
- Similar Companies
- Business
- Fortress Capital Acquisition Co operated as a special purpose acquisition company, or SPAC, established to identify and merge with a promising enterprise within the financial services sector, encompassing both service providers and supporting technology firms. It successfully completed an initial public offering in January 2021, raising capital with the intention of facilitating a private company's transition to a public listing through a strategic business combination. However, the company announced its decision in January 2023 to redeem all outstanding Class A ordinary shares and liquidate, having been unable to finalize an acquisition within the stipulated timeframe. Public shareholders received an estimated per-share redemption amount of approximately $10.14, while the associated warrants, including those under the FCAX-WT ticker, expired without value.