McLaren Technology Acquisition Corp.
MLAIU
NASDAQ Global Market10.40
USD
+0.01
- -
CIK
0001851625
Return %
Stock
S&P500
1Y
3.64
18.21
3Y
3.28
63.29
5Y
3.28
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.- CEO
- Sajan Pillai
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2600 Michelson Drive Irvine CA United States of America 92612
- IPO Date
- Nov 3, 2021
- CIK
- 0001851625
- Similar Companies
- Business
- McLaren Technology Acquisition Corp. (MLAIU) operates as a blank check company focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting companies in the banking, financial services, and insurance sectors that leverage artificial intelligence, machine learning, digital technologies, and fintech. The company offers no current products or services beyond its SPAC structure, which holds cash in trust for deployment in an initial business combination with enterprise values typically between $600 million and $2 billion. It maintains a global geographic focus without specified operational regions beyond its U.S. base. Founded in 2021 and headquartered in Irvine, California, the company is led by Chairman and CEO Sajan Pillai, President John Vilina, COO Murali Gopalan, and CFO Rajeev Nair, with key affiliations to McLaren Strategic Ventures Holdings Group and prior roles at UST Global. In early 2023, McLaren Technology Acquisition Corp. announced its liquidation and redemption of all outstanding Class A common shares at approximately $10.39 per share due to failure to complete an initial business combination within the required timeframe under its amended charter, with public shares cancelled effective March 3, 2023, and redemptions processed shortly thereafter; despite this, MLAIU units continue to trade on Nasdaq as of late 2025 with a market capitalization around $262 million.