Mission Advancement Corp. Redee
MACC-WT
New York Stock Exchange0.00
USD
+0.00
- -
CIK
0001840148
Return %
Stock
S&P500
1Y
-97.00
26.84
3Y
-97.00
77.03
5Y
-97.00
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.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001840148
- Similar Companies
- Business
- Mission Advancement Corp. Redee is a special purpose acquisition company (SPAC) that focuses on partnering with and advancing world-class consumer companies. The company primarily targets businesses across direct-to-consumer (DTC) brands, apparel and fashion, consumer products, consumer packaged goods (CPG), fintech, food, health and wellness, sports, media, and education sectors. Founded in 2021 and headquartered in Phoenix, Arizona, Mission Advancement Corp. Redee operates with the intent to create meaningful value for stakeholders through strategic acquisitions and partnerships. The company's core business activities revolve around sourcing and completing mergers with consumer-centric enterprises, offering a vehicle for private companies to go public via a business combination. As a SPAC, its main products and services include the issuance of units consisting of Class A common stock and redeemable warrants that facilitate capital raising for acquisitions. Mission Advancement Corp. Redee does not manufacture or sell consumer products directly but provides a strategic investment platform within the consumer sector. A recent major development for Mission Advancement Corp. Redee was the approval in December 2022 by its stockholders to amend its charter to allow the redemption and winding up of all outstanding public shares, initiating a complete liquidation and dissolution process. This decision effectively marked the company's exit from active public markets after redeeming shares at a price of approximately $10.07 per share. The company undertook this operational shift to unwind and redeem its public shares prior to December 30, 2022, significantly altering its business status and strategic direction. Mission Advancement Corp. Redee's engagement in the SPAC market originally aimed at leveraging co-sponsorship with prominent figures such as Colin Kaepernick and The Najafi Companies. However, its recent strategic change towards liquidation reflects market conditions and company-specific decisions as of late 2022. This denotes a significant operational transformation away from active merger acquisition pursuits towards concluding its lifecycle as a public acquisition entity. The company’s geographic operations were primarily focused in the United States before the winding-up process commenced.