Osiris Acquisition Corp.
OSI-UN
New York Stock Exchange10.80
USD
+0.12
- -
CIK
0001832136
Return %
Stock
S&P500
1Y
5.37
18.21
3Y
8.40
63.29
5Y
9.31
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
- Benjamin E. Black
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 95 5th Avenue New York City NY United States of America 10003
- IPO Date
- May 14, 2021
- CIK
- 0001832136
- Website
- osirisacquisitioncorp.com
- Similar Companies
- Business
- Osiris Acquisition Corp. (NYSE: OSI-UN) is a blank check company whose sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company conducts no significant operations and holds cash primarily in a trust account for potential deployment in a de-SPAC transaction; it targets opportunities across industries, with an emphasis on high-quality businesses experiencing temporary disruptions such as those from COVID-19, prioritizing dependable cash flows, durable franchises, and significant equity value creation potential, particularly in technology, media & telecom, leisure & hospitality, consumer services, and business services. Incorporated in 2020 and headquartered at 95 5th Avenue, 6th Floor, New York, New York, Osiris completed its initial public offering in May 2021, raising $230 million through 23 million units at $10 each, each comprising one Class A common share and one-half redeemable warrant exercisable at $11.50 per share; concurrently, sponsor Osiris Sponsor LLC, managed by Fortinbras Enterprises LP, purchased 6.6 million private placement warrants at $1 each. In December 2022, shareholders approved an extension amendment to push the initial business combination deadline from May 18, 2023, to May 18, 2024, triggering massive redemptions of 19.9 million Class A shares for $199.7 million at approximately $10.03 per share, leaving about 3.1 million public shares outstanding and reducing the trust to roughly $31 million net of deferred underwriting fees. Unable to identify or consummate a suitable business combination by the extended deadline, Osiris announced in May 2024 its decision to liquidate, redeeming all remaining outstanding Class A shares effective May 30, 2024, at an expected per-share price of $10.68 after trust adjustments, with trading ceasing on May 17, 2024; founder shares held by Osiris Sponsor LLC and initial stockholders receive no redemption proceeds, marking the wind-down of operations in line with SPAC charter terms.