Glenfarne Merger Corp.
GGMCU
NASDAQ Capital Market9.98
USD
-0.07
- -
CIK
0001818880
ISIN
US3785792058
CUSIP
378579205
Return %
Stock
S&P500
1Y
1.27
26.57
3Y
0.55
76.60
5Y
0.55
78.48
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
- Brendan Duval
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 292 Madison Avenue New York City NY United States of America 10017
- IPO Date
- Mar 18, 2021
- CIK
- 0001818880
- Website
- glenfarnemerger.com
- Similar Companies
- Business
- Glenfarne Merger Corp. (GGMCU) operates as a blank check company whose primary business is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. The company pursues target opportunities in the energy transition and electrification sector throughout the Americas; it conducts no significant independent operations prior to completing an initial business combination. Incorporated in 2020 and headquartered in New York, New York, Glenfarne Merger Corp. focuses on industries such as renewable energy, power generation, transmission, water utilities and related infrastructure. In December 2022, the company announced its intent to dissolve and liquidate after failing to consummate an initial business combination within the required timeframe, leading to the redemption of all outstanding public shares and delisting of its securities from Nasdaq; it evaluated over 150 potential targets but could not finalize a deal amid challenging market conditions. Although affiliated with Glenfarne Group, founded in 2011 as a developer, owner and operator of energy and infrastructure assets across the Americas, Asia and Europe, Glenfarne Merger Corp. itself remains inactive post-liquidation with no recent funding rounds, acquisitions or new product launches reported. The entity targets institutional and retail investors through its units comprising Class A common stock and warrants, serving the special purpose acquisition company segment.