Provident Acquisition Corp.
PAQCW
NASDAQ Capital Market0.36
USD
-0.03
- -
CIK
0001830531
Return %
Stock
S&P500
1Y
-9.32
18.21
3Y
-81.75
64.38
5Y
-81.75
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
- Winato Kartono
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Kimley Commercial Building Central Hong Kong
- IPO Date
- Mar 1, 2021
- CIK
- 0001830531
- Similar Companies
- Business
- Provident Acquisition Corp. (PAQCW) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant independent operations; it focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, particularly those headquartered in Asia with global footprints, proven technologies, and leading market share. Incorporated in 2020 and headquartered in Central, Hong Kong, the company completed its initial public offering in January 2021, raising proceeds held in trust for a target acquisition. In October 2022, Provident Acquisition Corp. finalized its business combination with Perfect Corp., a provider of augmented reality and artificial intelligence software-as-a-service solutions for the beauty and fashion industries; post-merger, Perfect Corp. became the surviving public entity listed on the New York Stock Exchange under the ticker PERF, with Provident's Class A ordinary shares and warrants transitioning accordingly. The PAQCW warrants, representing the right to purchase shares at a predetermined exercise price, continue to trade separately on Nasdaq despite indications of limited activity and potential delisting risks for the underlying SPAC securities. Recent market data reflects heightened volatility and low trading volumes for PAQCW, with no further major acquisitions, funding rounds, or strategic shifts reported since the Perfect Corp. merger.