G3 VRM Acquisition Corp.
GGGV
NASDAQ Capital Market10.13
USD
-0.03
- -
CIK
0001856519
ISIN
US3624251001
CUSIP
362425100
Return %
Stock
S&P500
1Y
- -
26.53
3Y
0.20
76.60
5Y
3.90
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.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 420 Boylston Street Boston MA United States of America 02116
- IPO Date
- Aug 16, 2021
- CIK
- 0001856519
- Website
- g3vrm.com
- Similar Companies
- Business
- G3 VRM Acquisition Corp. (NASDAQ: GGGV) is a blank check company whose sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting the technology and business services industries. The company offers no operational products or services of its own, instead focusing on identifying and completing a business combination with targets typically having enterprise values between $250 million and $500 million; its securities include units comprising Class A common stock and rights entitling holders to one-tenth of a Class A share upon successful combination consummation. Incorporated in Delaware on February 19, 2021, G3 VRM Acquisition Corp. is headquartered at 420 Boylston Street, Suite 302, Boston, Massachusetts, and operates without significant ongoing business activities or revenue generation pending a transaction. In a major development, the company announced its intent to liquidate and dissolve in 2022 after failing to complete an initial business combination within the required 12-to-24-month period following its July 2021 initial public offering of approximately $100 million, triggering redemption of public shares at around $10.15 per share and rendering rights worthless, with the entity now listed as liquidated or delisted from Nasdaq. No mergers, acquisitions, partnerships, funding rounds, or strategic expansions materialized prior to liquidation; the sponsor, affiliated with G3M Holdings and G2 Advisors, waived certain redemption rights on founder shares. Post-liquidation, the company maintains no active operations, subsidiaries, or parent relationships, serving as a defunct special purpose acquisition vehicle in the diversified financials sector.