North Mountain Merger Corp.
NMMCW
NASDAQ Capital Market0.00
USD
- -
- -
CIK
0001819157
ISIN
US6612041151
Return %
Stock
S&P500
1Y
- -
26.53
3Y
-99.97
76.60
5Y
-99.98
80.11
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
- Nov 13, 2020
- CIK
- 0001819157
- Similar Companies
- Business
- North Mountain Merger Corp. North Mountain Merger Corp. is a blank check company, or special purpose acquisition company (SPAC), formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with a focus on the financial technology segment of the financial services industry. The company conducts no significant operations prior to completing its initial business combination and holds funds raised from its initial public offering in trust. It targets global opportunities without conducting revenues-generating activities itself. North Mountain Merger Corp., founded in 2020 and headquartered in New York, New York, completed its IPO on September 18, 2020, raising $132.25 million through 13.225 million Class A ordinary shares priced at $10.00 each, underwritten by Citigroup. In December 2021, it announced a proposed $1.2 billion merger with Corcentric, Inc., a provider of procurement, accounts payable, accounts receivable and payments solutions; however, the parties mutually terminated the agreement on August 29, 2022, due to unsatisfied closing conditions amid challenging market environment. Unable to complete a business combination within its 24-month tenor, the company redeemed all outstanding public shares at approximately $10.00 per share effective September 30, 2022, ceased operations except for winding up, and liquidated, with warrants expiring worthless.