Motion Acquisition Corp.
MOTNU
NASDAQ Global Select11.44
USD
-0.32
- -
Motion Acquisition Corp.
MOTNU
(NASDAQ Global Select)
Recent
price
11.44
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
- Motion Acquisition Corp. (MOTNU) is a blank check company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company offers no operational products or services of its own and instead maintains cash equivalents in trust from its October 2020 initial public offering of 11.5 million units at $10 each, generating $115 million in gross proceeds; units comprise one Class A common share and one-third of a redeemable warrant exercisable at $11.50 per share. Incorporated in 2020 and headquartered in New York, New York, it initially targeted the vehicle industry, including transportation software and cloud solutions for fleet management, freight and logistics, and mobile asset management, with a global geographic focus. In November 2021, Motion Acquisition completed a business combination with DocGo Inc. (formerly Ambulnz Inc.), a provider of mobile health services and integrated medical mobility solutions, resulting in DocGo's common stock and warrants trading on Nasdaq under DCGO and DCGOW; the transaction raised approximately $158 million in cash proceeds after expenses and marked the SPAC's closure as an independent entity. MOTNU units continue trading as legacy securities tied to the post-merger structure, with no reported new mergers, acquisitions, funding rounds, product launches or operational shifts for Motion Acquisition itself in 2024 or 2025. The company's website remains suspended, and its common stock (MOTN) is flagged for potential delisting.