TPG Pace Tech Opportunities Corp.

TPG Pace Tech Opportunities Corp.

PACE
TPG Pace Tech Opportunities Corp.US flagNew York Stock Exchange
11.20
USD
- -
- -
1.07BMarket Cap
No data availableFinancial data will appear here once available

Capital Structure

FRC

in mil. unless spec.
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Working Capital

FRC

in mil. unless spec.
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Growth Rates

FRC

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Quarterly Revenue

FRC

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Quarterly Earnings Per Share

FRC

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Quarterly Dividends Per Share

FRC

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Company Description

APIChat
CEO
Greg Mrva
Sector
Financial Services
Industry
Shell Companies
Address
301 Commerce Street Forth Worth TX United States of America
IPO Date
Dec 15, 2020
Website
tpg.com
Business
TPG Pace Tech Opportunities Corp. TPG Pace Tech Opportunities Corp. (NYSE:PACE) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing business operations other than to pursue a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more technology or technology-enabled businesses. The company offers no specific products or services beyond its SPAC structure, which provides public market access to target companies through its sponsored initial public offering proceeds of $450 million raised in October 2020, supplemented by $150 million in forward purchase agreements from TPG and third parties. Headquartered in Fort Worth, Texas, it was formed in 2020 as part of TPG Pace Group, TPG Inc.'s TPG Inc. dedicated permanent capital platform for SPACs targeting sectors that benefit from TPG's operational expertise. In September 2021, TPG Pace Tech Opportunities Corp. completed a business combination with Nerdy Inc., an online learning platform, generating over $575 million in proceeds and resulting in Nerdy listing on the NYSE under the ticker NRDY; post-merger, TPG Pace Tech Opportunities Corp. maintains a separate trading presence at approximately $11.20 per share as of recent sessions. The company, formerly known as TPG Pace III Holdings Corp., changed its name to focus on technology opportunities prior to pursuing combinations. It operates primarily in the United States with a lean team of three full-time employees and draws on TPG's global network for deal sourcing in North America and potentially broader regions.

Company News

APIChat
  • Nuveen Green Capital and Brandywine Realty Trust Close Largest C-PACE Financing in Pennsylvania History

  • BoldAge PACE Opens New Center in Crestwood, Illinois

  • Amalgamated Bank Commits $250 Million to FASTPACE Platform to Accelerate C-PACE Lending Nationwide

  • Nabors and Caturus Partner to Deploy PACE-X Ultra X33 Rig

  • Amalgamated Bank Advances Climate Leadership with C-PACE Financing for 205kW Solar Energy and Roofing Project in New Bedford

  • TARIFFS BITE: NORTH AMERICAN AND ASIAN MANUFACTURERS RETRENCH IN APRIL, WITH GLOBAL MATERIAL PURCHASES DOWN AT ACCELERATED PACE: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX

  • Cooper Standard Receives 2025 Automotive News PACE Pilot Recognition

  • GBI's Green Globes & Green Globes Journey to Net Zero Certifications Provide Access to CIRRUS C-PACE Financing for Commercial Real Estate

  • Pace Metals Provides Update on Acquisition of Compton Mining

  • Nuveen Green Capital closes second largest C-PACE financed transaction to date on '200 Park,' a preeminent trophy asset in San Jose, California

  • ‘I pled guilty to journalism’ – Assange

  • PACE recognizes forced displacement and Russification of Ukrainian children as genocide

  • Zelensky seeks legal mechanism to punish all Russian 'murderers'

  • Council of Europe Assembly brands Russia ‘terrorist regime’

  • Nerdy and TPG Pace Tech Opportunities Announce Closing of Business Combination

  • TPG Pace Tech Opportunities Stockholders Approve Merger With Nerdy

  • TPG Pace Tech Opportunities Stockholders Approve Merger With Nerdy

  • TPG Pace Tech Opportunities Corp. Expected to Close Combination with Nerdy on September 20, 2021 and Generate Proceeds of More than $575 Million

  • TPG Pace Tech Opportunities Corp. Expected to Close Combination with Nerdy on September 20, 2021 and Generate Proceeds of More than $575 Million

  • Nerdy Releases 2021 Parent Sentiment Report Uncovering the Far-Reaching Impact of the Pandemic on Students and Families