Global Consumer Acquisition Corp.
GACQ
NASDAQ Capital Market10.21
USD
-0.04
- -
CIK
0001846288
ISIN
US37892B1089
CUSIP
37892B108
Return %
Stock
S&P500
1Y
2.41
18.21
3Y
5.58
64.38
5Y
5.58
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
- 1926 Rand Ridge Court Marietta GA United States of America 30062
- IPO Date
- Jul 30, 2021
- CIK
- 0001846288
- Similar Companies
- Business
- Global Consumer Acquisition Corp. Global Consumer Acquisition Corp. (NASDAQ:GACQ) is a blank check company, also known as a special purpose acquisition company (SPAC), incorporated in 2020 and headquartered in Marietta, Georgia. The company has no significant operations and generates no revenue; it focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting the consumer products and services sectors. It operates without current products or services, maintaining cash in trust from its initial public offering for potential deployment in a de-SPAC transaction. Geographic focus remains flexible, with past emphasis on U.S., European, and Asian markets through targeted consumer entities, though no active operations span specific regions as of late 2025. The company serves investors seeking exposure to consumer sector opportunities via SPAC structure, holding approximately $238 million in market capitalization with shares trading around $10. In December 2021, Global Consumer Acquisition Corp. entered definitive business combination agreements to acquire GP Global Limited, owner of MVP Group and Primacy Industries in air care and personal care, and Luminex Home Décor & Fragrance Holding Corporation, encompassing brands like Candle-Lite, PartyLite, Colonial Candle, and Manly Indulgence, aiming to form Ascense Brands Inc. with pro forma enterprise value of $507.1 million and projected $553 million in 2022 revenue. Shareholders approved the deal in November 2022 despite high redemptions exceeding 99%, but both transactions terminated by early 2023—Luminex canceled due to disputes and GP Global due to financing failure and deadline expiration on December 11, 2022—leading to planned dissolution and liquidation without completing a business combination. No subsequent mergers, funding rounds, acquisitions, product launches, or strategic shifts have materialized in 2024 or 2025, leaving the company in a dormant state as a non-operating SPAC vulnerable to delisting risks.