Group Nine Acquisition Corp.

Group Nine Acquisition Corp.

GNACU
Group Nine Acquisition Corp.US flagNASDAQ Capital Market
10.09
USD
+0.21
- -
No data availableFinancial data will appear here once available

Capital Structure

FRC

in mil. unless spec.
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Working Capital

FRC

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Growth Rates

FRC

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Quarterly Revenue

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Quarterly Earnings Per Share

FRC

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Quarterly Dividends Per Share

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Company Description

APIChat
Sector
Financial Services
Industry
Shell Companies
Address
568 Broadway New York City NY United States of America 10012
IPO Date
Jan 15, 2021
Business
Group Nine Acquisition Corp. (GNACU) operates as a blank check company whose principal business activity involves pursuing a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with a focus on targets in digital media and adjacent industries including social media, e-commerce, events, digital publishing and marketing sectors; it offers no other products or services. The company, incorporated in 2020 and headquartered in New York, New York, conducted an initial public offering in January 2021 raising $230 million through 23 million units traded on Nasdaq under the ticker GNACU, comprising one share of Class A common stock and one-third of a redeemable warrant exercisable at $11.50 per share. In May 2022, its sponsor Group Nine SPAC LLC sold certain Class A interests equivalent to 4.025 million founder shares to 890 5th Avenue Partners LLC; by December 2022, shareholders voted to redeem public shares and liquidate without completing a business combination, resulting in delisting from Nasdaq, cancellation of shares and expiration of warrants.