Model Performance Acquisition Corp.
MPAC
NASDAQ Capital Market7.99
USD
-0.41
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Model Performance Acquisition Corp.
MPAC
(NASDAQ Capital Market)
Recent
price
7.99
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
- Model Performance Acquisition Corp. (NASDAQ: MPAC) is a special purpose acquisition company formed in 2021 and headquartered in the British Virgin Islands that seeks to effect mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations primarily with businesses in the technology, consumer, data analytics, artificial intelligence, and performance marketing sectors; it holds cash in trust from its initial public offering of approximately $200-250 million, which funds de-SPAC transactions targeting high-growth private companies with strong management and scalable models. The company completed a definitive business combination with MultiMetaVerse Inc., an animation and entertainment firm focused on immersive digital experiences and metaverse-related content, in January 2023 through a reverse merger valued at around $300 million, resulting in the post-merger entity trading initially as MultiMetaVerse Holdings Limited under ticker MMV on Nasdaq before facing compliance issues. In the lead-up to and during the merger process spanning 2022-2023, MPAC executed multiple extensions of its combination period from October 2022 up to April 2023, secured interest-free loans totaling $2.75-3.275 million from MultiMetaVerse to support operations and trust deposits, added a $12 million private investment in public equity (PIPE) financing, and navigated significant shareholder redemptions leaving approximately $23.4 million in trust while amending the merger agreement twice to adjust closing dates and terms. As of late 2025, MPAC's shares reflect minimal market capitalization around $11,000 with indications of potential delisting from Nasdaq amid the post-merger entity's ongoing Nasdaq non-compliance notices related to minimum bid price and market value deficiencies.