PepperLime Health Acquisition Corporation
PEPLU
NASDAQ Global Market10.85
USD
-0.01
- -
CIK
0001873324
ISIN
KYG700211298
CUSIP
G70021129
Return %
Stock
S&P500
1Y
6.16
26.53
3Y
9.60
76.60
5Y
9.60
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
- Ramzi Haidamus
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 548 Market Street San Francisco CA United States of America 94104
- IPO Date
- Oct 15, 2021
- CIK
- 0001873324
- Website
- pepperlimehealth.com
- Similar Companies
- Business
- PepperLime Health Acquisition Corporation is a special purpose acquisition company (SPAC) formed in 2021 and headquartered in San Francisco, California. The company was established to identify and acquire a business within the healthcare sector, with a focus on consumer health and wellness segments including physical health, behavioral and mental health, sexual wellness, women’s health, and sleep health. Its strategic intent is to leverage technology to digitize and advance whole-person health by targeting companies that operate in these broad healthcare verticals. PepperLime Health Acquisition Corporation raised $150 million in its initial public offering and aimed to pursue business combinations that would create shareholder value through cross-selling opportunities via both online and offline channels. The management team brought extensive experience in health and wellness, technology enablement, and investment networks, intending to build a platform that integrates physical, mental, and interpersonal health aspects through a biopsychosocial model. However, as of early 2024, PepperLime Health Acquisition Corporation announced that it was unable to consummate an initial business combination by the January 19, 2024 deadline. Consequently, the company decided to liquidate in accordance with its corporate governance documents. This decision included distributing funds back to shareholders from its trust account. There were no completed acquisitions, partnerships, or new product launches due to this outcome, and the company has ceased pursuing its original merger objectives. PepperLime Health Acquisition Corporation primarily operated as a blank check company formed in the Cayman Islands, designed to find and merge with a private firm in the healthcare technology and consumer wellness market, but it never transitioned into an operating company with core product lines or services due to its liquidation plan initiated in 2024. In summary, PepperLime Health Acquisition Corporation was a SPAC targeting digitized consumer health and wellness companies, founded in 2021 with headquarters in San Francisco, but it announced liquidation after failing to consummate a business combination by early 2024, thus ceasing active operations and returning capital to shareholders. The company’s strategic focus, funding, and operational structure were centered on acquisition opportunities in the health and wellness technology sector.