G Squared Ascend I Inc.
New York Stock ExchangeCapital Structure
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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.- CEO
- Edward Wilson Davis
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 205 North Michigan Avenue Chicago IL United States of America 60601
- CIK
- 0001837207
- Website
- gsqd.gsquaredascend.com
- Similar Companies
- Business
- G Squared Ascend I Inc. (NYSE: GSQD) is a blank check company whose principal business activity is pursuing a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Incorporated in the Cayman Islands in 2020 and headquartered in Chicago, Illinois, the company targets the technology sector across six core verticals: software-as-a-service (SaaS); online marketplaces; mobility 2.0/logistics; fintech/insurtech; new age media; and sustainability. Sponsored by an affiliate of G Squared Equity Management LP, a growth-stage venture capital firm, it maintains no current operations or revenues. In September 2021, G Squared Ascend I entered a definitive business combination agreement with Transfix Inc., a digital freight platform, valuing the combined entity at a pro forma enterprise value of $1.1 billion with an expected NYSE listing under ticker "TF," but the parties mutually terminated the deal in October 2022 due to unfavorable market conditions. G Squared subsequently committed to a private investment round in Transfix alongside New Enterprise Associates (NEA), with G Squared managing member Larry Aschebrook joining Transfix's board. In January 2023, facing its deadline to complete an initial business combination, the company announced the redemption of all outstanding public Class A ordinary shares effective February 9, 2023, at approximately $10.18 per share from its $351 million trust account balance, while planning NYSE delisting, cessation of operations except for winding up, and termination of warrant registration; sponsor-held Class B shares waived redemption rights. As of late 2025, GSQD shares continue trading around $10.17 with a market capitalization of approximately $421 million, reflecting no subsequent business combination or liquidation completion per available public data.
Transfix, SPAC partner postpone merger until November
Transfix sees record results ahead of public listing
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of G Squared Ascend I, Inc. with Transfix Inc.
SPAC To The Future: An AI-Fueled Freight Marketplace With Boundless Potential
Transfix announces SPAC plans with investor G Squared
Transfix, Inc., a Leading, Next-generation Digital Freight Platform, to Become a Publicly Traded Company Through a Business Combination With G Squared Ascend I, Inc.
Transfix, Inc., a Leading, Next-generation Digital Freight Platform, to Become a Publicly Traded Company Through a Business Combination With G Squared Ascend I, Inc.
Transfix, Inc., a Leading, Next-generation Digital Freight Platform, to Become a Publicly Traded Company Through a Business Combination With G Squared Ascend I, Inc.
G Squared Ascend I Inc. Announces Receipt of Expected NYSE Notice Regarding Delayed Form 10-Q Filing