Parabellum Acquisition Corp.
PRBM-UN
New York Stock Exchange10.40
USD
- -
- -
CIK
0001848165
Return %
Stock
S&P500
1Y
4.15
26.53
3Y
4.00
76.60
5Y
4.00
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
- Narbeh Derhacobian
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 3811 Turtle Creek Boulevard Dallas TX United States of America 75219
- CIK
- 0001848165
- Website
- parabellumac.com
- Similar Companies
- Business
- Parabellum Acquisition Corp. (NYSE: PRBM-UN) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant independent operations and a focus on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company targets enterprises with enterprise values between $300 million and $1 billion that feature unique proprietary technologies and business models actively engaged in the Internet of Things (IoT) transformation across sectors including consumer, industrial, automotive, medical, and others; it generates proceeds primarily through its initial public offering of units, private placement warrants, and trust account investments. Headquartered in Dallas, Texas, at 3811 Turtle Creek Boulevard, Suite 2125, Parabellum Acquisition Corp. was founded in 2021 and sponsored by Parabellum Acquisition Partners LLC, an affiliate of 180 Degree Capital Corp. In November 2022, the company entered into a definitive business combination agreement with EnOcean GmbH, a Germany-based producer of energy harvesting IoT devices and sensor-to-cloud solutions, valuing EnOcean at an equity value of $120 million and projecting up to $146.5 million in gross proceeds from the trust account plus $40 million in additional PIPE financing; the deal, which would have resulted in a combined entity named EnOcean Holdings N.V. trading under the ticker SIOT on the NYSE, was terminated by EnOcean in April 2023 due to Parabellum's failure to secure the minimum $30 million in PIPE commitments by February 2023, following 83% redemptions that left only $24.78 million in the trust. Subsequently, Parabellum's securities faced delisting from the NYSE in early 2023 for failing continued listing standards, including low market capitalization and warrant trading prices, shifting trading to OTC markets under symbols PRBM, PRBM-UN, and PRBM.WS; the company announced its intent to liquidate operational assets and redeem outstanding public shares around its May 2023 deadline, forgoing further target pursuits or extensions. As of late 2025, no new mergers, acquisitions, funding, or strategic shifts have been reported, with the entity in a post-liquidation phase focused on shareholder redemptions from its trust.