Pivotal Investment Corporation III
PICC
New York Stock Exchange10.00
USD
-0.01
- -
CIK
0001835800
ISIN
US72582M1062
CUSIP
72582M106
Return %
Stock
S&P500
1Y
1.52
18.21
3Y
0.91
64.38
5Y
0.91
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
- Kevin F. Griffin
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- The Chrysler Building New York City NY United States of America 10174
- IPO Date
- Apr 1, 2021
- CIK
- 0001835800
- Website
- pivotalicc.com
- Similar Companies
- Business
- Pivotal Investment Corporation III (PICC) is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities, with a focus on North American companies in industries ripe for disruption from digital technology and shifts in consumer behavior; it has no current operations or revenues. Incorporated in Delaware on October 6, 2020, and headquartered in New York, New York, the company raised $276 million in its initial public offering in February 2021 through the sale of 27.6 million units at $10.00 each on the New York Stock Exchange, each consisting of one Class A common share and one-fifth of a redeemable warrant exercisable at $11.50 per share. Geographically focused on North America, it is led by Chairman Jonathan Ledecky and CEO Kevin Griffin, with key executives including CFO James Brady and COO Gregory Racz. No merger or business combination was completed prior to the deadline; in August 2023, shareholders approved a charter amendment extending the deadline to August 11, 2023, but following the subsequent failure to identify a target, the company announced liquidation of its trust account on August 31, 2023, resulting in redemption and distribution of funds to public shareholders, delisting from NYSE, and transition to OTC trading as a defunct entity.
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