Marquee Raine Acquisition Corp.

Marquee Raine Acquisition Corp.

MRAC
Marquee Raine Acquisition Corp.US flagNASDAQ Global Select
10.92
USD
+1.00
- -
No data availableFinancial data will appear here once available

Capital Structure

FRC

in mil. unless spec.
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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChat
CEO
Crane H. Kenney
Sector
Financial Services
Industry
Shell Companies
Address
65 East 55th Street New York City NY United States of America
IPO Date
Feb 4, 2021
Business
Marquee Raine Acquisition Corp. (MRAC) operates as a blank check company, or special purpose acquisition company (SPAC), incorporated in the Cayman Islands with a business purpose to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, focusing on high-growth sectors in technology, media, and telecommunications (TMT), including interactive entertainment, digital media, sports assets, and adjacent opportunities; it offers no current products or services beyond its SPAC structure and holds cash reserves from its initial public offering for deployment in a target acquisition. Founded in 2020 and headquartered at 65 East 55th Street, 24th Floor, New York, New York, the company targets businesses primarily in North America but with potential for global operations post-combination, sponsored by affiliates of The Raine Group and Marquee, the latter tied to Chicago Cubs ownership. In 2021, MRAC announced and completed a definitive business combination with Enjoy Technology Inc., a technology-powered retail service platform providing "Commerce at Home" experiences such as in-home product delivery, setup, and concierge services for consumer electronics partners; the merger closed in October 2021, with Enjoy shares trading as ENJY on Nasdaq, raising over $250 million in growth capital, though subsequent filings indicate asset purchase agreements with Asurion LLC in 2022 for Enjoy's wind-down and MRAC shares trading at approximately $10.92 as of late 2025 without a completed standalone de-SPAC beyond the reversed Enjoy transaction.

Company News

APIChat
  • Marquee Raine Acquisition Corp. and Enjoy Technology Announce Effectiveness of Registration Statement and Set Special Shareholder Meeting Date to Vote on Proposed Business Combination

  • Marquee Raine Acquisition Corp. and Enjoy Technology Announce Accelerating Expansion with Partners and Significant Commitment from Current and Key Investors to Increase Certainty of Transaction Closing

  • Enjoy Technology Announces Second Quarter and First Half 2021 Financial Results

  • Enjoy Technology and Marquee Raine Acquisition Corp. Name Denise Young Smith and Salaam Coleman Smith as Nominees for Post-Closing Board of Directors