Kismet Acquisition Two Corp.
KAII
NASDAQ Capital Market10.20
USD
- -
- -
CIK
0001825962
ISIN
KYG528071072
CUSIP
G52807107
Return %
Stock
S&P500
1Y
4.51
26.84
3Y
3.55
77.03
5Y
3.55
80.55
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.- CEO
- Dimitri Elkin
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 850 Library Avenue Newark DE United States of America 19715
- IPO Date
- Apr 12, 2021
- CIK
- 0001825962
- Similar Companies
- Business
- Kismet Acquisition Two Corp is a special purpose acquisition company (SPAC) formed in 2020 and headquartered in Newark, Delaware. The company operates as a blank check entity primarily focused on acquiring high-growth businesses in the internet and technology sectors, particularly targeting companies outside the United States with an emphasis on connectivity, including logistics, data infrastructure, and financial infrastructure that facilitate seamless cooperation and growth across finance, data, material, and human flows. Kismet Acquisition Two Corp completed its initial public offering in February 2021, raising approximately $230 million to fund its acquisition strategy. The company was initially led by Chairman and CEO Ivan Tavrin until mid-2022, when the sponsoring interest was sold to Quadro Sponsor LLC, led by Dimitri Elkin who assumed the CEO role. Under Elkin’s leadership, Kismet Acquisition Two shifted its strategic focus away from Russia and Belarus due to geopolitical considerations and sanctions, seeking instead European-based targets in internet and technology-enabled sectors. The company rebranded to Quadro Acquisition One Corp in February 2023 and continues to operate as a subsidiary of Quadro Sponsor LLC. Historically, Kismet Acquisition Two has not engaged in direct product manufacturing or sales but has focused on securing mergers and acquisitions of technology companies. Its affiliate, Kismet Capital Group, is known for launching multiple SPACs that have targeted companies in technology and digital entertainment, including gaming. A notable related transaction involved Kismet Acquisition One’s combination with mobile game developer Nexters Global, although Kismet Acquisition Two itself has been reorienting its portfolio focus following recent geopolitical risks. Kismet Acquisition Two’s core business involves identifying and acquiring promising technology companies that enhance connectivity in financial, data, and logistics channels primarily within Europe, following their divestiture of Russian-focused targets. The company operates within the investment holding and special acquisition sector, emphasizing business combinations to create value through strategic acquisitions in the technology space. In summary, Kismet Acquisition Two Corp functions as a technology-sector focused SPAC, headquartered in Delaware, with $230 million raised in its IPO. The company recently underwent leadership and sponsorship changes, a name change to Quadro Acquisition One Corp, and a strategic geographic shift from Russian to European Internet and technology targets following geopolitical and sanction-related constraints.