Industrial Tech Acquisitions II, Inc.
ITAQ
NASDAQ Global Market10.95
USD
+0.03
- -
Industrial Tech Acquisitions II, Inc.
ITAQ
(NASDAQ Global Market)
Recent
price
10.95
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
- Industrial Tech Acquisitions II, Inc. (ITAQ) operates as a blank check company, or special purpose acquisition company (SPAC), whose primary purpose focuses on effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities; it has no significant current operations or revenue generation. The company targets high-growth opportunities in industrial-focused technology sectors, including software, mobile and Internet of Things (IoT) applications, digital and energy transformation, cloud and cyber communications, and high bandwidth services such as LTE, remote sensing, and 5G communications; it remains open to targets across any industry or geography but emphasizes disruptive innovators in manufacturing, energy, and related fields. Incorporated in 2021 and headquartered in Houston, Texas, ITAQ completed its initial public offering in January 2022 raising $150 million, sponsored by Texas Ventures and Industrial Tech Partners II, LLC. In November 2022, ITAQ entered a definitive business combination agreement with NEXT Renewable Fuels, Inc. to create NXTCLEAN Fuels, Inc. at a $530 million enterprise value, which was mutually terminated on October 31, 2023 due to market conditions, high redemptions of 15.9 million public shares (over $165 million from trust), and inability to meet combination deadlines; following termination, ITAQ announced its intention to dissolve and liquidate, redeeming remaining public shares at approximately $11 per share while warrants expired worthless. As of late 2025, the company maintains a trading status with shares around $10.95 and market cap near $62 million, though marked for potential delisting amid its pre-liquidation posture and no subsequent merger activity.