Heartland Media Acquisition Corp.
HMA-UN
New York Stock Exchange10.56
USD
-0.04
- -
CIK
0001850529
Return %
Stock
S&P500
1Y
5.07
26.53
3Y
5.60
76.60
5Y
5.60
80.11
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
- Robert S. Prather Jr.
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 3282 Northside Parkway Atlanta GA United States of America 30327
- IPO Date
- Jan 21, 2022
- CIK
- 0001850529
- Similar Companies
- Business
- Heartland Media Acquisition Corp. (NYSE: HMA-UN) operates as a blank check company whose principal business activity is to effect a merger, capital stock exchange, stock purchase, asset acquisition, reorganization, or similar business combination with one or more businesses or entities, with a focus on the media, entertainment, and sports sectors; it conducts no significant operations prior to completing an initial business combination. Incorporated in 2021 and headquartered in Atlanta, Georgia, the company targets businesses generating stable revenue and cash flows, defensible market positions, and opportunities for synergistic mergers and acquisitions, leveraging its management team's expertise in television broadcasting and local media. In July 2023, Heartland Media Acquisition Corp. announced the redemption of all outstanding Class A common shares effective August 8, 2023, after failing to consummate an initial business combination by the deadline specified in its charter; the company ceased operations except for winding up, with the New York Stock Exchange filing to delist its securities and a Form 15 submitted to terminate registration under the Securities Exchange Act of 1934. The SPAC, led by CEO Robert S. Prather Jr., founder of Heartland Media and former COO of Gray Television, completed its initial public offering in January 2022, raising $175 million through 17.5 million units at $10 each, down from an originally planned $200 million. Geographically, the company pursued opportunities without restriction but emphasized its leadership's experience in U.S. local media markets.