McLaren Technology Acquisition Corp.
MLAI
NASDAQ Global Market10.39
USD
-0.01
- -
McLaren Technology Acquisition Corp.
MLAI
(NASDAQ Global Market)
Recent
price
10.39
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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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
- 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.