FTAC Parnassus Acquisition Corp.
FTPAW
NASDAQ Capital Market0.01
USD
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FTAC Parnassus Acquisition Corp.
FTPAW
(NASDAQ Capital Market)
Recent
price
0.01
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- FTAC Parnassus Acquisition Corp. (FTPAW) operates as a blank check company whose primary business is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets, with a focus on technology and financial services technology companies; it provides no other products or services. Incorporated in 2020 and headquartered in Philadelphia, Pennsylvania, the company raised $250 million in its initial public offering in March 2021 and targeted global opportunities in the fintech sector. In a major development, FTAC Parnassus announced in February 2023 its intent to dissolve and liquidate after failing to complete an initial business combination by the deadline, redeeming all outstanding public shares at approximately $10.13 per share effective March 16, 2023, with warrants expiring worthless and Nasdaq delisting following shortly thereafter.