99 Acquisition Group Inc. Class A Common Stock
NNAG
NASDAQ10.55
USD
-0.02
- -
CIK
0001950429
ISIN
US65445K1016
CUSIP
65445K101
Return %
Stock
S&P500
1Y
4.04
26.53
3Y
3.94
76.60
5Y
3.94
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.- CEO
- Hiren Patel
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 14 Noblewood Ct Gaithersburg DE United States of America 20878
- CIK
- 0001950429
- Website
- 99acquisitiongroup.com
- Similar Companies
- Business
- 99 Acquisition Group Inc. is a blank check company formed in 2022 and headquartered in Gaithersburg, Maryland. The company specializes in effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations. It primarily seeks to acquire businesses in the real estate industry, including sectors such as construction, homebuilding, real estate ownership and operations, financing arrangements, insurance, and other real estate-related services and technologies. The company does not currently have any ongoing operations or generated revenues. The company's main products and services encompass facilitating merger and acquisition transactions within the targeted industries, acting as a special purpose acquisition company (SPAC) to identify and combine with a suitable real estate-related business with an aggregate combined enterprise value of approximately $75 million to $160 million. 99 Acquisition Group completes capital-raising activities through public offerings of Class A common stock, redeemable warrants, and rights, listing its securities on the Nasdaq exchange under the ticker symbol NNAG. Recent major changes include the pricing and closing of an initial public offering in August 2023 that raised $75 million through the issuance of 7.5 million units at $10 per unit. Each unit includes a Class A common stock share, a redeemable warrant, and a right related to the business combination. In early 2024, the company entered into a merger agreement to acquire Nava Health MD, Inc., aiming to make it a wholly owned subsidiary. However, the merger failed to complete, prompting the company to announce plans for dissolution and liquidation by September 2024, with the redemption of outstanding public shares at an estimated price of approximately $10.55 per share. The company has also sought to extend deadlines and amend its charter to facilitate the completion of a business combination. 99 Acquisition Group operates as a public company focused solely on facilitating mergers in the real estate and adjacent industries, leveraging capital market transactions as its core activity. It does not manufacture products or offer direct operational services beyond its role as an acquisition vehicle. This summary reflects the company's formation, targeted business strategy within real estate-focused acquisitions, recent capital market activities, attempted merger transactions, and current status as of late 2025.
99 Acquisition Group, Inc. to Liquidate