Global Synergy Acquisition Corp.
GSAQW
NASDAQ Capital Market0.01
USD
+0.00
- -
Global Synergy Acquisition Corp.
GSAQW
(NASDAQ Capital Market)
Recent
price
0.01
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- 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.