Pontem Corporation
PNTM
New York Stock Exchange10.37
USD
- -
- -
CIK
0001830392
ISIN
KYG717071065
CUSIP
G71707106
Return %
Stock
S&P500
1Y
5.39
18.21
3Y
5.49
63.29
5Y
5.49
74.90
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
- Hubertus Michael Muehlhaeuser
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1140 Avenue of The Americas New York City NY United States of America 10036
- IPO Date
- Mar 5, 2021
- CIK
- 0001830392
- Website
- pontemcorp.com
- Similar Companies
- Business
- Pontem Corporation (NYSE: PNTM) operates as a blank check company focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Incorporated in 2020 and headquartered in The Woodlands, Texas, the company targets global and regional industrial technology businesses, as well as consumer brands in certain contexts. It currently maintains no significant operations or revenue-generating activities, relying instead on its cash reserves from its initial public offering to pursue a business combination. The company's core activities center on identifying and executing strategic transactions rather than producing or selling products and services; it offers no branded goods, manufacturing capabilities, or ongoing service offerings beyond merger-related due diligence and negotiations. Pontem engages institutional investors, financial advisors, and legal counsel to evaluate potential targets in the industrial technology and consumer sectors. In May 2023, Pontem Corporation announced the redemption of its public shares and decided not to consummate an initial business combination, leading to the cessation of operations except for winding-up activities after May 30, 2023. No subsequent mergers, acquisitions, funding rounds, partnerships, product launches, or strategic expansions have been completed or announced as of late 2025, with the company remaining in a dormant state post-redemption. This marks a significant operational shift from its original SPAC mandate, positioning it without active business segments or geographic operations beyond its U.S. headquarters.