USHG Acquisition Corp.
HUGS-UN
New York Stock Exchange10.00
USD
- -
- -
USHG Acquisition Corp.
HUGS-UN
(New York Stock Exchange)
Recent
price
10.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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.- Similar Companies
- Business
- USHG Acquisition Corp. is a special purpose acquisition company (SPAC) focused on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with purpose-driven businesses emphasizing employee welfare and stakeholder success. The company targets culture-driven businesses primarily in the hospitality, food and beverage, retail, and consumer goods industries. Founded in 2020 and headquartered in New York, NY, USHG Acquisition Corp. is sponsored by an affiliate of Union Square Hospitality Group, a renowned hospitality operator with a portfolio of more than 20 acclaimed restaurants and bars in New York City and Washington, D.C., alongside a catering and events business and hospitality consulting services. USHG operates with a philosophy termed "Enlightened Hospitality," prioritizing superior long-term value through a virtuous cycle involving employees, customers, communities, suppliers, and investors. USHG has facilitated the creation of significant brands such as Shake Shack, now a publicly traded company. USHG Acquisition Corp. completed its initial public offering in February 2021, raising capital aimed at business combinations that align with its values. In recent major developments, USHG discontinued a planned partnership with Panera Brands Inc. in 2022 due to unfavorable capital market conditions, opting not to extend the agreement for participating in Panera's IPO. USHG continues to actively seek merger targets within hospitality and entertainment sectors, leveraging the extensive operational experience of its sponsorship group. The company maintains trading of its Class A common stock and units on the NYSE under the ticker symbols HUGS and HUGSU, respectively, while the warrants were delisted in late 2022. USHG emphasizes identifying market leaders whose moat is talent and culture, aiming to integrate these assets into a broader hospitality and consumer-focused platform. USHG Acquisition Corp. does not generate revenue independently, as it is a blank check company, but it benefits from its association with Union Square Hospitality Group’s operational expertise and investment platform Enlightened Hospitality Investments. The firm continues to pursue strategic combinations that preserve and enhance the ethos of employee-centric hospitality businesses with potential for growth and market leadership. Its geographic operations are primarily focused in the United States, with strategic interests in scalable concepts within the consumer and hospitality sectors.