North Atlantic Acquisition Corporation
NAAC
NASDAQ Capital Market10.15
USD
-0.01
- -
CIK
0001830063
ISIN
KYG661391097
CUSIP
G66139109
Return %
Stock
S&P500
1Y
3.05
18.21
3Y
4.64
63.29
5Y
4.64
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
- Gary Quin
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1345 Avenue of the Americas New York City NY United States of America 10105
- IPO Date
- Mar 15, 2021
- CIK
- 0001830063
- Website
- naacq.com
- Similar Companies
- Business
- North Atlantic Acquisition Corporation (NAAC) operates as a blank check company whose purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. The company focuses primarily on targets in the consumer, industrials, and telecommunications sectors across North America and Europe; it provides no products or services of its own and generates no operating revenue. Founded in 2020 and headquartered at 1345 Avenue of the Americas in New York, New York, NAAC completed its initial public offering in January 2021, raising approximately $380 million, which was placed into a trust account for use in an initial business combination. In December 2021, NAAC announced a definitive business combination agreement with TeleSign Corporation, a provider of digital identity verification services; the transaction, valued at around $1.3 billion on a pro forma enterprise basis and supported by $107.5 million in PIPE financing, was approved by the boards of both companies and targeted completion in the second quarter of 2022. The deal progressed to filing a registration statement with the SEC and scheduling a shareholder meeting, but market conditions led to its termination on July 1, 2022, with NAAC canceling the special meeting and seeking alternatives. Unable to complete any business combination within its two-year charter deadline, NAAC canceled its annual general meeting on January 25, 2023, announced its intent to dissolve and liquidate, and redeemed public shares at approximately $10.13 each from its trust account, rendering warrants worthless. As of late 2025, NAAC shares continue to trade over-the-counter with a market capitalization around $481 million, though the company remains inactive post-liquidation without any new strategic developments.
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