- CEO
- Craig E. Barnett
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 767 Third Avenue New York City NY United States of America 10017
- IPO Date
- Feb 4, 2022
- Business
- Pearl Holdings Acquisition Corp (PRLHW) is a blank check company with no significant current operations that focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target businesses, primarily in global consumer-focused industries including lifestyle, technology, healthcare, and wellness sectors; it holds cash in trust for deployment post-combination. Incorporated in the Cayman Islands in 2021 and headquartered in New York, the company provides redeemable warrants entitling holders to purchase one Class A ordinary share at $11.50 per share upon separation from units traded under ticker PRLHU on Nasdaq, with shares and warrants trading separately as PRLH and PRLHW, respectively. Geographically, Pearl Holdings Acquisition Corp targets opportunities worldwide with an emphasis on consumer sectors. In December 2024, shareholders approved an extension of the business combination deadline from December 17, 2024, to June 17, 2026, alongside amendments to the investment management trust agreement, resulting in redemptions of approximately 2.09 million Class A ordinary shares for $23.8 million and leaving about $836,806 in trust; earlier in February 2024, it secured subscription agreements for up to $1.5 million in Class A ordinary shares from investors including Polar Multi-Strategy Master Fund and Pearl Holdings Sponsor LLC to fund working capital pending combination.