LIV Capital Acquisition Corp. II
LIVB
NASDAQ Global Market10.97
USD
+0.01
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LIV Capital Acquisition Corp. II
LIVB
(NASDAQ Global Market)
Recent
price
10.97
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- LIV Capital Acquisition Corp. II is a blank check company, or special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, with a focus on Mexican target businesses or those with a significant presence in Mexico. Incorporated in the Cayman Islands in 2021 and headquartered in Mexico City, the company raised $100 million in its initial public offering in February 2022 and lists its Class A ordinary shares under the ticker LIVB on Nasdaq. It offers no current products or services beyond its SPAC structure, which provides acquisition opportunities leveraging the management team's expertise in private equity, transactional advisory, and operational enhancement for high-growth targets exhibiting proven business models, top-tier management, institutional controls, competitive advantages, and potential for capital markets access. In August 2022, the company announced a business combination with Covalto Ltd., a Mexico-based digital banking platform for small and midsized enterprises offering lending, banking, and analytics solutions valued at an implied $547 million pro forma enterprise value, supported by $60 million in committed financing. The transaction, which would have renamed the combined entity Covalto and listed it under the ticker CVTO, was unanimously approved by both boards and targeted completion in the first quarter of 2023. However, in November 2023, the parties mutually terminated the agreement, prompting LIV Capital Acquisition Corp. II to redeem all outstanding Class A ordinary shares effective December 8, 2023, at approximately $10.98 per share net of expenses, cease operations except for winding up, delist from Nasdaq via Form 25, and file Form 15 to terminate SEC registration, with liquidation following shareholder approval.