G Squared Ascend II Inc.
GSQB
New York Stock Exchange10.44
USD
+0.01
- -
CIK
0001849280
ISIN
KYG420411061
CUSIP
G42041106
Return %
Stock
S&P500
1Y
6.10
18.02
3Y
5.99
64.11
5Y
5.99
72.15
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
- Edward Wilson Davis
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 205 North Michigan Avenue Chicago IL United States of America 60601
- IPO Date
- Aug 5, 2021
- CIK
- 0001849280
- Website
- gsquaredascendii.com
- Similar Companies
- Business
- G Squared Ascend II Inc. (NYSE: GSQB) is a blank check company whose principal business activity is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company focuses its search for a business combination target within the technology sector, specifically targeting six core verticals: software-as-a-service; online marketplaces; mobility 2.0/logistics; financial technology and insurtech; new age media; and sustainability. It conducts no substantive operations and generates no revenues apart from interest income on funds held in trust from its initial public offering. G Squared Ascend II Inc. was founded in 2021 as a Cayman Islands exempted company and is headquartered in Chicago, Illinois. Incorporated by principals affiliated with G Squared, a growth-stage venture capital firm, the SPAC completed its initial public offering in June 2021, raising $125 million through the sale of 12.5 million units at $10 each, underwritten by UBS Investment Bank. The company targets high-growth enterprises with an enterprise value of at least $1 billion, serving investors seeking exposure to innovative technology firms via a public market vehicle. In a significant operational development, G Squared Ascend II Inc. announced on June 12, 2023, that it would redeem all outstanding public shares, as it did not complete an initial business combination within the required 24-month period following its IPO closing. This redemption marked the liquidation of the SPAC, with no merger target identified or announced during its active lifespan; warrants expired worthless without redemption rights or distributions. As of late 2025, the entity remains inactive with its Class A ordinary shares delisted from active trading on the NYSE, reflecting the typical lifecycle conclusion for a blank check company unable to execute a de-SPAC transaction.