Swiftmerge Acquisition Corp.
IVCP
NASDAQ Global Market10.50
USD
+0.72
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Swiftmerge Acquisition Corp.
IVCP
(NASDAQ Global Market)
Recent
price
10.50
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
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Similar Companies
- Business
- Swiftmerge Acquisition Corp. Swiftmerge Acquisition Corp. (Nasdaq: IVCP) is a blank check company sponsored by IVEST Consumer Partners that completed a $225 million initial public offering in December 2021; the firm has no significant operations and focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, initially targeting innovative consumer sector companies leveraging technology and the internet to disrupt markets, scale rapidly, gain market share, and evolve consumer experiences. Headquartered in Toluca Lake, California, with management ties to West Vancouver, British Columbia, the SPAC originally pursued targets without geographic limitations but emphasized consumer industries; its management team includes CEO J. “Sam” Bremner, a private equity executive with telecom and M&A experience, COO Aston Loch, and CFO Christopher J. Munyan, former CEO of CSS Industries, supported by a board featuring General Wesley Clark, healthcare experts, and consumer brand leaders like Brett Conrad, ex-President of Lululemon. In August 2023, Swiftmerge announced a business combination with HDL Therapeutics, a biotech firm, which did not proceed; subsequently, in June 2024, it entered a definitive $652 million merger agreement with AleAnna Energy LLC, a developer of natural gas and renewable natural gas projects in Italy’s Po Valley; the transaction was approved by shareholders on December 12, 2024, completed on December 13, 2024, resulting in Swiftmerge’s rebranding to AleAnna, Inc. (Nasdaq: ANNA), with approximately $28 million in cash post-closing and no debt, positioning the combined entity for natural gas production at Longanesi and renewable energy expansion in Europe.
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