Qomolangma Acquisition Corp.
QOMO
NASDAQ Capital Market11.45
USD
+0.03
- -
CIK
0001894210
ISIN
US74738V1052
CUSIP
74738V105
Return %
Stock
S&P500
1Y
7.41
26.53
3Y
14.73
76.60
5Y
14.73
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
- Jonathan P. Myers
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1178 Broadway New York City NY United States of America 10001
- IPO Date
- Nov 25, 2022
- CIK
- 0001894210
- Similar Companies
- Business
- Qomolangma Acquisition Corp. Qomolangma Acquisition Corp. is a blank check company, or special purpose acquisition company (SPAC), whose sole purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar initial business combination with one or more businesses. Incorporated in 2021 and headquartered in New York, New York, the company focuses on middle-market targets, particularly those in the internet and high technology, financial technology, clean energy, agriculture machinery, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors, primarily in Asian markets. It raised capital through an initial public offering in September 2022, placing proceeds in trust for deployment in a qualifying transaction while conducting rigorous due diligence, negotiation, and structuring processes led by its experienced management team specializing in corporate finance and investment strategy. The company operates without current material operations beyond pursuing and executing its initial business combination, offering investors exposure to transformational opportunities through mergers or acquisitions that enable accelerated market entry and operational synergies for targets. Its business model emphasizes disciplined target selection aligned with strategic and financial criteria, supported by risk assessment frameworks, capital allocation models, and adherence to regulatory requirements from bodies such as the SEC and Nasdaq. Geographically, Qomolangma Acquisition Corp. maintains a U.S.-based structure under Delaware law while targeting opportunities with connections to Asian markets. In a significant development announced on January 6, 2025, Qomolangma Acquisition Corp. redeems all outstanding public shares effective December 27, 2024, at approximately $10.88 per share after failing to complete an initial business combination within the 36-month period required by its charter, ceasing operations except for winding up. The board cited market dynamics, the sponsor's inability to fund further extensions, and a non-binding letter of intent that did not advance to a definitive agreement despite discussions with multiple candidates over two years. Concurrently, the company pursues voluntary delisting from Nasdaq via a Form 25 filing, followed by a Form 15 to terminate SEC registration, with warrants expiring worthless and the sponsor waiving redemption rights on founder shares and private warrants.
Qomolangma Acquisition Corp. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination