Global Synergy Acquisition Corp.
GSAQW
NASDAQ Capital Market0.01
USD
+0.00
- -
CIK
0001823707
Return %
Stock
S&P500
1Y
- -
26.53
3Y
-88.22
76.60
5Y
-99.08
80.11
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
- Alok Oberoi
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 540 Madison Avenue, New York City NY United States of America
- IPO Date
- Mar 1, 2021
- CIK
- 0001823707
- Similar Companies
- Business
- Global Synergy Acquisition Corp. (GSAQW) operates as a blank check company whose purpose is to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, with a focus on technology services or IT-enabled services sectors including IT services and business process outsourcing. The company, founded in 2020 and headquartered at 540 Madison Avenue in New York, New York, raised $258.75 million in its initial public offering in January 2021 through the issuance of 25.875 million units at $10 each, underwritten by Credit Suisse and J.P. Morgan. It targets businesses that can benefit from the operational and investing expertise of its management team, co-led by CEO Alok Oberoi, with prior experience at Everstone Group and Goldman Sachs, alongside Co-CEO Suresh Vaswani and COO/CFO Murtaza Moochhala. In July 2022, the company announced it would redeem all outstanding public shares at approximately $10.01 per share and liquidate without completing an initial business combination, as it failed to meet the required timeline following the expiration of its extension period; public shares were cancelled effective July 26, 2022, with trust assets of about $259 million returned to shareholders net of dissolution expenses, while warrants expired worthless.