Glenfarne Merger Corp.
GGMC
NASDAQ Capital Market10.08
USD
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Glenfarne Merger Corp.
GGMC
(NASDAQ Capital Market)
Recent
price
10.08
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Glenfarne Merger Corp. (GGMC) operates as a blank check company, or special purpose acquisition company (SPAC), 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, with a focus on opportunities in the energy transition and electrification (ET&E) sector across the Americas; it offers no current operational products or services beyond this structure, including Class A common stock and warrants traded under tickers GGMC and GGMCW following unit separation in its initial public offering. Founded in 2020 and headquartered in New York, New York, the company, an affiliate of Glenfarne Group LLC—a developer and owner-operator of energy and infrastructure assets—completed a $250 million initial public offering in March 2021, raising proceeds placed into a trust account for potential business combinations. In December 2022, GGMC liquidated its trust account and redeemed all outstanding public shares at approximately $10.10 per share after failing to complete an initial business combination within the required timeframe, resulting in the suspension and delisting of its securities from Nasdaq; no further mergers, acquisitions, partnerships, funding rounds, or operational developments have occurred since liquidation, with the entity now inactive.