McLaren Technology Acquisition Corp.
MLAI
NASDAQ Global Market10.39
USD
-0.01
- -
CIK
0001851625
CUSIP
58176U109
Return %
Stock
S&P500
1Y
4.00
26.53
3Y
5.80
76.60
5Y
5.80
80.11
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.- CEO
- Sajan Pillai
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2600 Michelson Drive Irvine CA United States of America 92612
- IPO Date
- Dec 23, 2021
- CIK
- 0001851625
- Similar Companies
- Business
- McLaren Technology Acquisition Corp. was a Special Purpose Acquisition Company established with the intention of pursuing a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more entities. The firm aimed to identify targets primarily within the banking, financial services, and insurance sectors, specifically those employing artificial intelligence, machine learning, digital technologies, and fintech innovations. Formed in 2021 and headquartered in Irvine, California, the company ultimately announced its liquidation in March 2023. This decision stemmed from its inability to finalize an initial business combination within the timeframe mandated by its organizational documents. As a result, outstanding public shares were redeemed at a designated per-share price, and warrants associated with the company expired without value.