Mercury Ecommerce Acquisition Corp.
MEACW
NASDAQ Capital Market0.05
USD
-0.02
- -
CIK
0001849902
Return %
Stock
S&P500
1Y
-87.19
18.21
3Y
-93.57
63.29
5Y
-93.57
74.90
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
- 0001849902
- Similar Companies
- Business
- Mercury Ecommerce Acquisition Corp. (MEACW) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing business operations; it focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting the ecommerce sector including Software-as-a-Service (SaaS) products and services for enterprise customers in North America. The company offers redeemable units comprising Class A common stock and warrants exercisable at $11.50 per share, private placement warrants to its sponsor Mercury Sponsor Group I LLC, and public shares held in a trust account for potential redemption; it targets high-growth ecommerce enablement platforms in areas such as marketplace optimization, digital marketing, warehouse management, payment systems, shipping logistics, fraud detection, lending, and administrative services, with an emphasis on enterprise values under $1.5 billion. Founded in 2021 and headquartered at 3737 Buffalo Speedway, Suite 1750, Houston, Texas, it conducts operations principally in the United States and was affiliated with Mercury Fund, a venture capital firm specializing in early-stage ecommerce technologies. In December 2022, the company changed its name to SEP Acquisition Corp., reflecting a strategic rebranding amid its ongoing search for a business combination target; it failed to complete an initial business combination by the termination date of July 30, 2024, leading to a board-approved plan for full redemption of public shares, liquidation of the trust account, delisting from Nasdaq, and dissolution of operations, with trading suspension requested in July 2024 and a Form 25 filing anticipated for formal delisting.