FirstMark Horizon Acquisition Corp.
FMAC-UN
New York Stock Exchange9.81
USD
-0.22
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FirstMark Horizon Acquisition Corp.
FMAC-UN
(New York Stock Exchange)
Recent
price
9.81
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- FirstMark Horizon Acquisition Corp. (FMAC-UN) is a blank check company, or special purpose acquisition company (SPAC), with no significant operations that focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses; it offers units consisting of one share of Class A common stock and one-third of a redeemable warrant, each exercisable for one share of Class A common stock at $11.50. Incorporated in 2020 and headquartered at 100 5th Avenue in New York, New York, the company operates in the financial services sector, specifically shell companies, targeting businesses primarily in the technology industry across the US and Canada. In October 2021, it announced a definitive merger agreement with Starry, Inc., a next-generation licensed fixed wireless broadband provider, valuing Starry at a pro forma enterprise value of $1.66 billion with $452 million in gross proceeds including a $130 million PIPE from investors such as Fidelity Management & Research Company, Tiger Global Management, and FirstMark Capital affiliates; the business combination closed via reverse merger on March 29, 2022, with Starry shareholders approving the deal at 93.9% and the combined entity listing on the NYSE under ticker STRY, though FMAC-UN units continue to trade as legacy securities.
FirstMark Horizon Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Redeemable Warrants Commencing November 27, 2020