InterPrivate IV InfraTech Partners Inc.
IPVI
NASDAQ Capital Market10.12
USD
+0.00
- -
InterPrivate IV InfraTech Partners Inc.
IPVI
(NASDAQ Capital Market)
Recent
price
10.12
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- InterPrivate IV InfraTech Partners Inc. is a special purpose acquisition company (SPAC) focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business transaction with one or more businesses primarily in the technology, media, and telecom (TMT) infrastructure sector. The company targets investments in digital infrastructure companies, including those engaged in towers, data centers, cloud infrastructure, and hyperscale capital expenditures. It aims to leverage secular growth trends driven by the increasing adoption of virtual collaboration, cloud services, and the Internet of Things to invest in companies with enterprise values of $1 billion or greater. InterPrivate IV InfraTech Partners Inc. was founded in 2020 and is headquartered in New York, New York. The company raised $250 million through its initial public offering (IPO) on the Nasdaq, led by Morgan Stanley and Wells Fargo, to pursue these investment opportunities. It is controlled by its chairman Ahmed Fattouh and the private equity firm InterPrivate, which invests on behalf of family offices and independent sponsors. InterPrivate IV InfraTech Partners leverages experienced management personnel with backgrounds in key digital infrastructure firms such as American Tower and CyrusOne to source and evaluate potential business combinations. In terms of recent developments, the company announced in April 2023 that it would redeem all of its issued and outstanding shares and would not consummate an initial business combination. Following this redemption, it planned to liquidate and dissolve according to its charter provisions, effectively ceasing operations and trading of its public shares by late April 2023. This decision followed a determination by the company's sponsor not to make an additional required contribution to its trust account to extend its deadline for completing a business combination. Thus, InterPrivate IV InfraTech Partners does not currently operate an active business beyond its wind-down phase but historically focused on acquisition opportunities in the digital infrastructure space, including telecom towers, data centers, and cloud infrastructure sectors within the TMT industry in North America and globally. The company operates as a blank check vehicle designed to facilitate acquisitions rather than manufacturing or selling products directly.