Group Nine Acquisition Corp.
GNACU
NASDAQ Capital Market10.09
USD
+0.21
- -
Group Nine Acquisition Corp.
GNACU
(NASDAQ Capital Market)
Recent
price
10.09
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Similar Companies
- 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.