Global Consumer Acquisition Corp.
GACQU
NASDAQ Capital Market10.45
USD
- -
- -
CIK
0001846288
CUSIP
37892B207
Return %
Stock
S&P500
1Y
3.57
26.53
3Y
5.24
76.60
5Y
5.24
80.11
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.- CEO
- Rohan Y. Ajila
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1926 Rand Ridge Court Marietta GA United States of America 30062
- IPO Date
- Jun 9, 2021
- CIK
- 0001846288
- Similar Companies
- Business
- Global Consumer Acquisition Corp. operates as a special purpose acquisition company (SPAC) formed in 2020 with the primary objective of effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations. The company focuses on consumer products and services sectors, targeting businesses within these industries. It is incorporated in Delaware and is headquartered in the United States. As a blank check company, Global Consumer Acquisition Corp. itself does not manufacture or sell products but aims to acquire and merge with consumer-focused enterprises to build a substantial operating business. In terms of recent major changes, the company has entered into business combination agreements with GP Global and Luminex, leaders in branded, licensed, and private label solutions within the air care and personal care industries. This merger aims to create Ascense Brands Inc., a new entity focused on expanding air care product lines and personal care offerings globally, including markets in the U.S., Asia, and India. The transaction involves acquiring all outstanding equity securities of GP Global and Luminex, with a pro forma enterprise value around $507 million. Ascense Brands plans to leverage the strong brand portfolio comprising names like Colonial Candle, Candle-lite, Manly Indulgence, CL Co, and PartyLite, serving over 50,000 retail locations through a global distribution network across multi-outlet channels in the U.S., including Walmart and T.J. Maxx. The core product offerings encompassed by Ascense Brands include air care products such as candles, home fragrance, and personal care products. The company focuses on branded, licensed, and private label solutions in these categories. It aims to build a leading presence in the U.S. air care private label sector with approximately 35% market share and intends to drive growth by leveraging longstanding brand equities and expanding product lines. The acquisition and renaming to Ascense Brands signal a strategic shift from a blank check company to an operating entity with substantial consumer product offerings and global market reach. Overall, Global Consumer Acquisition Corp. started as a blank check company in 2020 and has significantly evolved through the acquisition of GP Global and Luminex, positioning itself as a key player in air care and personal care consumer products under the Ascense Brands umbrella. The company focuses on multi-channel retail distribution and plans further growth through acquisitions and product innovation in consumer product sectors within the U.S. and internationally. This company transformation including the merger and rebranding is the most recent major operational and strategic development, positioning it beyond its original SPAC status into a consumer products market leader with a global footprint. This description integrates the company's founding, strategic focus, core products, recent major changes involving acquisitions and mergers, and geographic scope. Sources include Bloomberg, Yahoo Finance, and press releases related to Global Consumer Acquisition Corp. and its business combinations with GP Global and Luminex.
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