Golden Falcon Acquisition Corp.
GFX-UN
New York Stock Exchange10.27
USD
+0.09
- -
Golden Falcon Acquisition Corp.
GFX-UN
(New York Stock Exchange)
Recent
price
10.27
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Golden Falcon Acquisition Corp. Golden Falcon Acquisition Corp. (GFX-UN) is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. The company does not have significant operations or generate revenues; its principal activities consist of identifying and pursuing a target business combination, with a focus on companies operating in the technology, media, telecommunications and fintech sectors headquartered in Europe, Israel, the Middle East or North America. Incorporated in 2020 and headquartered in Newark, Delaware, Golden Falcon Acquisition Corp. operates as a subsidiary of Golden Falcon Sponsor Group, LLC. In December 2020, the company completed its initial public offering of 34,500,000 units priced at $10.00 each, generating gross proceeds of $345 million. It entered into a definitive business combination agreement in December 2022 with MNG Airlines, a Turkey-based freight aviation and global logistics provider, valuing the combined entity at a pro-forma enterprise value of $676 million; however, the parties mutually terminated the agreement in August 2023, resulting in the company's decision to redeem shares and liquidate due to its inability to complete a transaction by the August 24 deadline. No further business combinations or significant operational developments have been announced as of the latest available information.
Golden Falcon Acquisition Corp. Announces Pricing of Upsized $300 Million Initial Public Offering