Home Plate Acquisition Corp.
HPLT
NASDAQ Global Market10.52
USD
-0.08
- -
CIK
0001863181
CUSIP
43734R103
Return %
Stock
S&P500
1Y
5.94
18.21
3Y
8.45
63.29
5Y
8.45
74.90
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
- Daniel T. Ciporin
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- PO Box 1314 New York City NY United States of America 10028
- IPO Date
- Nov 30, 2021
- CIK
- 0001863181
- Website
- homeplateacq.com
- Similar Companies
- Business
- Home Plate Acquisition Corporation is a special purpose acquisition company (SPAC) incorporated in 2021 and headquartered in New York, New York. The company primarily focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, targeting companies mainly within the financial technology and embedded finance sectors, including payments, digital assets, and consumer finance. As a blank check company, it does not have significant operations or direct product offerings but serves as a vehicle for acquiring and managing companies in its identified target industries. Recently, Home Plate Acquisition Corp. entered into a definitive business combination agreement with Heidmar Inc., an Athens-based commercial and pool management business servicing the crude oil and refined petroleum product tanker market, aiming to expand Heidmar's services to dry bulk carrier management and other maritime services. However, this transaction was canceled in October 2023, and the company proceeded to liquidate and redeem outstanding shares, with plans to delist from NASDAQ and return capital to shareholders. The cancellation marked a significant operational change as Home Plate Acquisition shifted from pursuing business combinations to liquidation. Home Plate Acquisition raised approximately $200 million in its initial public offering in October 2021, pricing units at $10 each. Its strategic intent has been to leverage management expertise to identify and acquire businesses capable of scaling in fintech and embedded finance territories. The company is led by Chairman and CEO Daniel T. Ciporin, with an operational focus on financial technology sectors across the United States and potentially broader geographic markets, depending on acquisition targets. In summary, Home Plate Acquisition Corporation operates as a blank check company formed to facilitate acquisitions primarily in fintech and embedded finance, with recent major changes including the termination of an announced merger with Heidmar Inc., followed by liquidation and plans for NASDAQ delisting reflecting a pivot in execution strategy and dissolution of initial business combination plans. The company is headquartered in New York City and was founded in 2021.
Home Plate Acquisition Corporation Announces Cancellation of Special Meeting of Stockholders and Liquidation
Heidmar Inc. Announces Termination of Merger Agreement
Home Plate Acquisition Corporation Announces Cancellation of Special Meeting of Stockholders and Liquidation
Home Plate Acquisition Corporation Announces Adjournment of Special Meeting of Stockholders Until 3:00 PM Eastern Time On October 3, 2023
Home Plate Acquisition Corporation Announces Adjournment of Special Meeting of Stockholders Until 11:00 AM Eastern Time On October 2, 2023
Home Plate Acquisition Corporation Announces Adjournment of