G Squared Ascend I Inc. Redeema
GSQD-WT
New York Stock Exchange0.00
USD
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G Squared Ascend I Inc. Redeema
GSQD-WT
(New York Stock Exchange)
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- G Squared Ascend I Inc. (Ticker: GSQD-WT) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses; its redeemable warrants (GSQD-WT) entitle holders to purchase one Class A ordinary share at an exercise price of $11.50 per share. Incorporated in 2020 as a Cayman Islands exempted company and headquartered in Chicago, Illinois, the company targets technology sector opportunities, particularly in software-as-a-service (SaaS); online marketplaces; mobility 2.0/logistics; fintech/insurtech; new age media; and sustainability, with no current significant operations or revenues. Sponsored by an affiliate of G Squared Equity Management LP, a venture capital firm founded in 2011, it raised $300 million in its February 2021 initial public offering on the New York Stock Exchange. In October 2022, G Squared Ascend I mutually terminated its business combination agreement with digital freight platform Transfix Inc. due to unfavorable market conditions, followed by a redemption of all outstanding Class A ordinary shares at approximately $10.18 per share effective February 9, 2023, after failing to complete an initial business combination within the required deadline; the company ceased operations thereafter except for winding-up activities, delisted its securities, and filed a Form 15 with the U.S. Securities and Exchange Commission to terminate registration, rendering public warrants worthless while GSQD-WT warrants continue trading over-the-counter with minimal volume and market capitalization around $168,000 as of late 2025.