SOAR Technology Acquisition Corp.
FLYA-WT
New York Stock Exchange0.00
USD
-0.07
- -
CIK
0001844650
Return %
Stock
S&P500
1Y
-94.89
18.21
3Y
-94.89
64.38
5Y
-94.89
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.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001844650
- Similar Companies
- Business
- SOAR Technology Acquisition Corp. (FLYA-WT) operates as a blank check company whose warrants entitle holders to purchase one Class A ordinary share at an exercise price of $11.50 per share upon completion of an initial business combination with one or more technology or tech-enabled businesses; the company focuses on mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar transactions primarily in the United States and Canada. Incorporated in 2021 and headquartered at 228 Park Avenue S, PMB 74335, New York, New York, the entity raised $230 million in its initial public offering on September 16, 2021, through 23 million units listed on the New York Stock Exchange under FLYA.U, with shares and warrants separating to trade under FLYA and FLYA.WT, respectively. No revenues or significant operations exist pending a business combination target. In a major development, SOAR Technology Acquisition Corp. announced its liquidation and cessation of operations on December 19, 2022, after failing to complete a business combination within the extended timeframe, resulting in the cancellation of public shares on December 20, 2022, and the expiration of warrants as worthless; the sponsor waived redemption rights on Class B founder shares while public shareholders received pro rata distributions from the trust account holding approximately 103% of IPO proceeds. The New York Stock Exchange initiated delisting procedures for FLYA and FLYA.WT following liquidation, with trading halted and securities removed from accounts showing zero value. Led by Chairman and CEO Jonathan (Joe) Poulin through his family office JPK Capital, alongside directors from Inovia Growth Fund II including Chris Arsenault and Patrick Pichette, the company explored multiple targets but cited market dynamics as the reason for returning capital to shareholders.