Ivanhoe Capital Acquisition Corp.
IVAN-UN
New York Stock Exchange8.10
USD
-0.11
- -
Return %
Stock
S&P500
1Y
- -
26.84
3Y
- -
77.03
5Y
- -
80.55
Capital Structure
FRC
•
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
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1177 Avenue of the Americas New York City NY United States of America 10036
- Similar Companies
- Business
- Ivanhoe Capital Acquisition Corp. Ivanhoe Capital Acquisition Corp. (IVAN-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, targeting primarily companies in the energy transition space, including mining firms focused on copper, nickel, cobalt, and platinum group metals; battery and component manufacturers; electric grid operators; electric vehicle producers; and other electrification-related ventures. The company offers no current operational products or services beyond its SPAC structure, which provides merger-ready financing through its IPO proceeds held in trust, originally raised at $276 million in units comprising one Class A ordinary share and one-third of a warrant exercisable at $11.50 per share. Headquartered in Singapore and founded in 2021 under the leadership of Chairman and CEO Robert Friedland, it operates with a global geographic focus, leveraging expertise from sponsor Ivanhoe Capital Corporation in venture capital and project financing across Asia, Europe, and North America. In its major strategic development, Ivanhoe Capital Acquisition Corp. completed a $2.7 billion business combination with SES Holdings Pte. Ltd. in February 2022, approved by shareholders on February 1, 2022, resulting in the combined entity renaming to SES AI Corporation SES AI Corporation and listing its Class A common stock and warrants on the New York Stock Exchange under the tickers SES and SES WS; the deal included a concurrent $275 million PIPE financing from investors such as General Motors, Hyundai Motor Company Hyundai Motor Company, Honda Motor Co. Honda Motor Co., Ltd., and others. No further acquisitions, funding rounds, product launches, or operational expansions have been reported for the post-merger entity under the original SPAC name.