North Atlantic Acquisition Corporation
NAACW
NASDAQ Capital Market0.00
USD
- -
- -
CIK
0001830063
CUSIP
G66139125
Return %
Stock
S&P500
1Y
-99.59
18.21
3Y
-99.82
64.38
5Y
-99.82
72.43
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
- IPO Date
- Mar 15, 2021
- CIK
- 0001830063
- Similar Companies
- Business
- North Atlantic Acquisition Corporation (NAACW) operates as a blank check company, or special purpose acquisition company (SPAC), whose sole business is to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, with a primary focus on the consumer, industrials and technology, media and telecommunications (TMT) sectors in Europe and North America. The company offers no products or services other than those incidental to its SPAC structure, including redeemable Class A ordinary shares, warrants exercisable for Class A ordinary shares, and rights to acquire fractional warrants as part of its publicly traded units. Incorporated in 2020 and headquartered at 1345 Avenue of the Americas in New York, New York, North Atlantic Acquisition Corporation targeted companies with global ambitions in its specified sectors prior to its wind-down. In a major development, the company terminated its proposed business combination with TeleSign Inc., a digital identity protection firm, in July 2022 due to unfavorable market conditions; it subsequently canceled its annual general meeting, announced plans to dissolve and liquidate in January 2023 without completing any initial business combination, redeemed public shares at approximately $10.13 per share as of January 26, 2023, and allowed all warrants, including NAACW, to expire worthless. References to recent activities by entities such as North Atlantic France SAS in acquiring Esso S.A.F. and related assets pertain to unrelated parties bearing similar naming conventions but operating independently of the SPAC.