Mallard Acquisition Corp.
MACUU
NASDAQ Capital Market10.13
USD
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Mallard Acquisition Corp.
MACUU
(NASDAQ Capital Market)
Recent
price
10.13
P/E
ratio
- -
div
yld
- -
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
- Mallard Acquisition Corp. (MACUU) is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with a focus on the value-added distribution, industrial specialty services, and differentiated manufacturing sectors. The company offers no current products or services beyond its SPAC structure, which includes units comprising one share of common stock and one-third of a warrant; it has no significant operations or subsidiaries. Incorporated in 2020 and headquartered in Cornelius, North Carolina, at 19701 Bethel Church Road, Mallard Acquisition Corp. went public via IPO on November 27, 2020, raising approximately $110 million in its initial public offering listed on Nasdaq. In April 2022, following high shareholder redemptions of 77.67% during an extension vote that reduced trust proceeds to about $23.7 million, the company opted for full liquidation over further pursuit of a target, redeeming all outstanding shares at roughly $10.10 pro rata from trust assets beginning April 29, 2022, and subsequently transferring to OTC Markets trading as an inactive instrument with no recent mergers, acquisitions, or strategic developments reported.
Mallard Acquisition Corp. Receives Expected Notice from Nasdaq Regarding Delayed Annual Report
Mallard Acquisition Corp. Announces the Separate Trading of its Common Stock and Warrants, Commencing November 27, 2020