G Squared Ascend II Inc.
GSQB
New York Stock Exchange10.44
USD
+0.01
- -
G Squared Ascend II Inc.
GSQB
(New York Stock Exchange)
Recent
price
10.44
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
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- 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.