Highland Transcend Partners I Corp.
HTPA-UN
New York Stock Exchange10.06
USD
- -
- -
CIK
0001828817
Return %
Stock
S&P500
1Y
-1.32
18.21
3Y
-2.28
64.38
5Y
-2.28
72.43
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.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 777 Arthur Godfrey Road Miami Beach FL United States of America 33140
- IPO Date
- Dec 3, 2020
- CIK
- 0001828817
- Website
- highlandtranscend.com
- Similar Companies
- Business
- Highland Transcend Partners I Corp. (NYSE: HTPA-UN) is a special purpose acquisition company, or blank check company, formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, with a focus on high-quality, disruptive companies in the commerce, digital media and services, or enterprise software sectors. The company does not have operational products or services but holds cash proceeds from its initial public offering in trust for deployment in a target business combination; it raised $275 million through the issuance of 27.5 million units at $10.00 per unit in December 2020. Headquartered in Cambridge, Massachusetts, at 16 Fayerweather Street, the company was founded in 2020 and operates principally in the United States. In September 2021, Highland Transcend Partners I Corp. announced a definitive agreement to merge with Packable Holdings LLC, a technology-led e-commerce marketplace enablement platform operating as Pharmapacks, in a transaction implying a pro forma enterprise value of approximately $1.55 billion for the combined entity, supported by a $180 million PIPE financing anchored by investors including Fidelity Management & Research Company and a fully committed PIPE that would have provided $434 million in cash proceeds assuming no redemptions. The proposed deal, which contemplated the combined company trading under the ticker PKBL on the NYSE, was unanimously approved by the boards of both entities but terminated in March 2022 due to unfavorable market conditions. Subsequently, in November 2022, unable to identify and complete an alternative business combination within the required timeframe, the company announced its intention to liquidate the trust account, redeeming all outstanding public shares at approximately $10.06 per share effective December 8, 2022, and ceasing all operations other than winding down activities. Units continue to trade under HTPA-UN as of the latest available data, with no further de-SPAC activity reported through 2025.