- Business
- PepperLime Health Acquisition Corporation (PEPLW) operates as a blank check company whose principal business activity focuses on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations, primarily targeting companies at the intersection of technology and consumer health and wellness sectors; these include opportunities in digital health products, technology-enabled services and applications such as measurement- and personalized-based care, connected communities, e-commerce, and subscription models.
The company, incorporated in 2021 as a Cayman Islands exempted company and headquartered in San Francisco, California, conducts no significant ongoing operations outside of its pursuit of a business combination.
In March 2024, PepperLime Health Acquisition Corporation announced its intention to liquidate after failing to complete an initial business combination or sponsor sale by the extended deadline of March 19, 2024; shareholders received approximately $10.93 per share from trust assets after taxes and dissolution expenses, with Nasdaq trading ceasing on March 21, 2024. The company had raised $150 million in its October 2021 initial public offering, priced at $10.00 per unit with Oppenheimer & Co. Inc. as sole underwriter, granting a 45-day over-allotment option for up to 2.25 million additional units. No subsidiaries, parent relationships, or further operational expansions occurred prior to liquidation.