H.I.G. Acquisition Corp.
HIGA-WT
New York Stock Exchange0.00
USD
-0.01
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H.I.G. Acquisition Corp.
HIGA-WT
(New York Stock Exchange)
Recent
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- H.I.G. Acquisition Corp. (HIGA-WT) operates as a blank check company, or special purpose acquisition company (SPAC), whose primary purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses; it targets opportunities across sectors including healthcare, technology, media and telecommunications, services, industrial, and consumer products, with no current significant operations or products beyond its cash held in trust for such a transaction. Founded in 2020 and headquartered at 1450 Brickell Avenue, 31st Floor, Miami, Florida, the company went public in October 2020 via an initial public offering that raised approximately $326 million, with units comprising one Class A ordinary share and one-third of a redeemable warrant (ticker HIGA-WT exercisable at $11.50). Geographically, it focuses on global opportunities, leveraging sponsor H.I.G. Capital's network in the United States, Europe, Latin America, the Middle East, and Asia; however, it failed to complete a business combination by its October 2022 deadline, resulting in full redemption of outstanding Class A shares, liquidation of its trust on October 24, 2022, suspension of warrant trading, and delisting from the NYSE, marking it as inactive with warrants now trading over-the-counter at minimal value.