GO Acquisition Corp.
GOAC-UN
New York Stock Exchange10.00
USD
-0.01
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GO Acquisition Corp.
GOAC-UN
(New York Stock Exchange)
Recent
price
10.00
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
- GO Acquisition Corp is a blank check company primarily engaged in effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses. Founded in 2020 by Michael Gregory O’Hara and Noam Gottesman, the company is headquartered in New York, New York. GO Acquisition Corp’s core business model revolves around identifying and acquiring target companies or assets rather than producing or selling products and services itself. The company raised approximately $575 million through its initial public offering in 2020, with those funds principally invested in U.S. government securities and money market funds. In terms of recent developments, GO Acquisition Corp announced in mid-2022 that it would redeem its outstanding Class A common stock and discontinue its pursuit of an initial business combination, effectively signaling a halt to new acquisitions or mergers. Additionally, trading of its warrants was suspended and delisting proceedings were initiated due to low price levels. The company has not consummated any business combination since its IPO and remains primarily a shell designed for potential future acquisitions. There have been no recent announcements of new product launches or strategic business expansions as the company is focusing on asset redemption and wind-down activities. GO Acquisition Corp operates within the special purpose acquisition company (SPAC) segment of the financial industry, targeting general merger and acquisition opportunities rather than a specific product or service market. Its operations are concentrated in the United States, with no subsidiary or parent company affiliations disclosed. The company’s current focus appears to center on resolving its public stock and warrant situation following the decision to discontinue its initial business combination process. GO Acquisition Corp’s latest major operational changes underline a strategic shift toward concluding shareholder value realization rather than active market expansion or new offerings.