Parabellum Acquisition Corp. Re
PRBM-WT
New York Stock Exchange0.01
USD
- -
- -
CIK
0001848165
Return %
Stock
S&P500
1Y
-81.63
18.21
3Y
-81.63
64.38
5Y
-81.63
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
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001848165
- Similar Companies
- Business
- Parabellum Acquisition Corp. Re (PRBM-WT) represents the redeemable warrants of Parabellum Acquisition Corp., a blank check company formed in 2021 and headquartered in Dallas, Texas. The company pursues mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses, particularly targeting proprietary technologies in the Internet of Things (IoT) sectors including consumer, industrial, automotive, and medical applications; it has not commenced operations or generated revenues. Warrants entitle holders to purchase one share of common stock at an exercise price of $11.50 per share. In May 2023, Parabellum Acquisition Corp. terminated its business combination agreement with EnOcean GmbH, an energy-harvesting IoT firm, due to unmet PIPE financing conditions and high redemptions, leading to liquidation of public shares and cessation of further combination efforts. The PRBM-WT warrants continue trading over-the-counter amid the company's inactive status.