LAMF Global Ventures Corp. I

LAMF Global Ventures Corp. I

LGVCU
LAMF Global Ventures Corp. IUS flagNASDAQ Global Market
7.74
USD
+1.50
- -
101.31MMarket Cap
No data availableFinancial data will appear here once available

Capital Structure

FRC

in mil. unless spec.
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Working Capital

FRC

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Growth Rates

FRC

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
CEO
Simon Horsman
Full Time Employees
3
Sector
Financial Services
Industry
Shell Companies
Address
9255 Sunset Boulevard West Hollywood CA United States of America 90069
IPO Date
Nov 29, 2021
Business
LAMF Global Ventures Corp. I (NASDAQ: LGVC, LGVCU, LGVCW) operates as a blank check company, or special purpose acquisition company (SPAC), whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities; it focuses on target opportunities in media, entertainment, sports, e-commerce, and technology industries. The company does not have significant operations of its own but maintains trust accounts with proceeds from its initial public offering and related financings to facilitate potential business combinations. Founded in 2021 and headquartered in West Hollywood, California, LAMF Global Ventures Corp. I is led by Chairman Jeffrey Soros and Chief Executive Officer Simon Horsman, co-founders of sponsor LAMF LLC, with additional backing from affiliates of 10X Capital. In April 2024, LAMF shareholders approved its previously announced business combination with Nuvo Group Ltd., a provider of remote pregnancy monitoring solutions; the transaction closed on May 1, 2024, through a reverse merger at a pre-money equity valuation of approximately $269 million for Nuvo, excluding a seller earnout of about $31 million, resulting in Nuvo becoming the surviving public entity listed on Nasdaq under new tickers. The merger included commitments for financial investments from Jeffrey Soros and 10X Capital affiliates, enabling Nuvo's expansion in healthcare technology, international markets, and product innovation pipelines.

Company News

APIChatGPT
  • LAMF Global Ventures Corp. I Announces Sixth Extension of Deadline to Complete Initial Business Combination

  • LAMF Global Ventures Corp. I Shareholders Approve Previously Announced Business Combination with Nuvo Group Ltd.

  • LAMF Global Ventures Corp. I Announces Intent to Adjourn Extraordinary General Meeting of Shareholders Until April 1, 2024

  • LAMF Global Ventures Corp. I Announces Fourth and Fifth Extension of Deadline to Complete Initial Business Combination

  • LAMF Global Ventures Corp. I Announces Third Extension of Deadline to Complete Initial Business Combination

  • LAMF Global Ventures Corp. I Announces Second Extension of Deadline to Complete Initial Business Combination

  • LAMF Global Ventures Corp. I Announces First Extension of Deadline to Complete Initial Business Combination