Model Performance Acquisition Corp.
MPACW
NASDAQ Capital Market0.11
USD
-0.04
- -
CIK
0001841993
CUSIP
G6246M139
Return %
Stock
S&P500
1Y
-45.57
26.84
3Y
-86.08
77.03
5Y
-86.08
80.55
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.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- United States of America
- IPO Date
- Jun 8, 2021
- CIK
- 0001841993
- Similar Companies
- Business
- Model Performance Acquisition Corp. (MPACW) operates as a special purpose acquisition company, or blank check company, incorporated in the British Virgin Islands whose principal business activity is to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, targeting high-growth opportunities primarily in the consumer products and technology sectors such as artificial intelligence, data analytics, software as a service, digital marketing, and performance-based services; its units include shares and warrants traded on Nasdaq under MPAC (ordinary shares), MPACW (warrants expiring April 2026), and formerly MPACU (units); the company targets businesses with strong growth potential, proven management teams, scalable models, and innovative solutions addressing market needs in regions including North America, Asia, and global markets. Incorporated on January 8, 2021, and headquartered in Central, Hong Kong, MPAC completed its initial public offering in April 2021, raising approximately $200 million at $10 per unit to fund its acquisition activities, with funds held in trust and supplemented by extensions through non-interest-bearing loans totaling around $2.46 million as of recent filings to extend deadlines for completing a transaction. In a major development, MPAC completed a business combination via reverse merger with MultiMetaVerse Inc., an animation and entertainment company providing animated content, comic books, short videos, collectibles, stationery, consumer products, and mobile games, on January 4, 2023, after which the combined entity renamed to MultiMetaVerse Holdings Limited and continued listing on Nasdaq; post-merger, MPAC's structure supports ongoing operations under the successor with no further standalone SPAC activity reported, while warrants (MPACW) remain outstanding for potential redemption or exercise.