Lerer Hippeau Acquisition Corp.
LHAA
NASDAQ Capital Market10.08
USD
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Lerer Hippeau Acquisition Corp.
LHAA
(NASDAQ Capital Market)
Recent
price
10.08
P/E
ratio
- -
div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Lerer Hippeau Acquisition Corp. (LHAA) operates as a blank check company whose principal business activity is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company focuses on technology-enabled businesses across sectors such as digitization of health and wellness, direct-to-consumer models, modern commerce and logistics, enterprise productivity tooling, and industrial automation; it generates no revenues and conducts no significant operations prior to completing an initial business combination. LHAA was formed in 2021 and maintains its headquarters in New York, New York. The company raised approximately $200 million in its initial public offering in March 2021, with shares listing on Nasdaq under the ticker LHAA and underwritten by Barclays and CODE Advisors as lead managers. In a major operational change, LHAA amended its charter in December 2022 to set a termination date of December 14, 2022, leading to the redemption of all outstanding public shares at approximately $10.09 per share, suspension of trading on Nasdaq, delisting, and subsequent dissolution and liquidation of the company by December 28, 2022. No business combination, acquisitions, partnerships, new product launches, or strategic expansions occurred prior to liquidation, leaving approximately 119,083 public shares outstanding post-redemptions with trust assets of about $1.2 million.
Lerer Hippeau Acquisition Corp. Prices $200 Million Initial Public Offering