Qomolangma Acquisition Corp.
QOMOU
NASDAQ Capital Market11.31
USD
- -
- -
CIK
0001894210
ISIN
US74738V2043
CUSIP
74738V204
Return %
Stock
S&P500
1Y
4.53
26.53
3Y
13.10
76.60
5Y
13.10
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 Myers
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1178 Broadway New York City NY United States of America 10001
- IPO Date
- Sep 30, 2022
- CIK
- 0001894210
- Similar Companies
- Business
- Qomolangma Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in 2021 and headquartered in New York, New York. The company’s primary business is to effect mergers, share exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with target companies predominantly in sectors such as internet and high technology, financial technology, clean energy, agriculture machinery, health care, consumer and retail, energy and resources, food processing, manufacturing, and education, mainly in the Asian market. As a blank check company, it raises capital through initial public offerings and seeks to identify strategic acquisition targets that align with its investment criteria. In its operations, Qomolangma Acquisition Corp. provides capital allocation services facilitating corporate mergers and acquisitions, bringing expertise in due diligence, negotiation, and post-merger reorganization to optimize the combined entity's value and market positioning. The company focuses on leveraging its knowledge of market dynamics and disciplined financial scrutiny to structure transactions that promote long-term value creation and operational synergies. Recently, Qomolangma Acquisition Corp. announced that it will redeem all outstanding public shares and proceed with liquidation effective December 27, 2024, after failing to complete an initial business combination within the required 36-month timeframe following its 2022 initial public offering. Despite engaging with several potential acquisition candidates and signing a letter of intent on a promising transaction, market conditions and the sponsor's inability to continue funding extension payments led to the decision to liquidate and voluntarily delist from Nasdaq by early 2025. The company communicated that this liquidation approach aims to return capital held in trust to stockholders with interest according to the original timeline, foregoing further extensions or business combinations. Hence, Qomolangma Acquisition Corp. no longer operates active business combination activities and is in the process of winding up its affairs following the redemption and delisting announcements from late 2024 to early 2025. This marks a significant strategic shift from its earlier mission as a SPAC aiming to drive corporate consolidation and strategic investments in diverse industry sectors primarily across Asia. The company remains notable for its structured corporate governance framework and prior strategic intent before the wind-down decision.
Qomolangma Acquisition Corp. Announces Receipt of Notice from Nasdaq Regarding Filing of Quarterly Report on Form 10-Q
Qomolangma Acquisition Corp. Announces Receipt of Notice from Nasdaq Regarding Filing of Quarterly Report on Form 10-Q