- CEO
- Enrique Klix
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 667 Madison Avenue New York City NY United States of America 10065
- IPO Date
- Dec 22, 2021
- Business
- Integral Acquisition Corporation 1 (INTE) operates as a blank check company, or special purpose acquisition company (SPAC), whose primary business is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Incorporated in 2021 and headquartered at 1330 Avenue of the Americas, 23rd Floor, New York, New York, the company focuses its search for an initial business combination on high-growth, technology-oriented companies in Australia and New Zealand that apply innovation to solve global problems. It generates no significant operations or revenues prior to completing a business combination and maintains its Nasdaq listing with approximately 3.24 million shares outstanding.
The company offers no core products or services beyond its SPAC structure, which provides a platform for public market access to target companies through de-SPAC transactions; it raised $116.7 million in gross proceeds from its initial public offering in November 2021, supplemented by $30 million in forward purchase agreements. Integral Acquisition Corporation 1 is a subsidiary of Integral Sponsor LLC and targets sectors including technology, healthcare, consumer goods, manufacturing, mining, travel, fintech, and payments across regions such as Australia, New Zealand, Europe, Asia, the USA, Canada, Mexico, and Latin America.
In recent developments, Integral Acquisition Corporation 1 announced a definitive business combination agreement in October 2023 with Flybondi, an Argentine low-cost airline, valued at approximately $300 million in a reverse merger structure where both entities would become subsidiaries of FB Parent; the deal, approved by both boards, included multiple extensions, with the latest pushing the deadline to April 30, 2025. However, on June 4, 2025, the parties mutually terminated the agreement via a Mutual Termination Consent, citing failure to meet closing conditions amid regulatory reviews, stockholder approvals, and Nasdaq listing requirements. As of December 2025, the company remains a pre-combination SPAC seeking an alternative target, with its Class A common stock trading on OTC markets at around $10.40 and ongoing SEC filings reflecting no completed de-SPAC.