Qomolangma Acquisition Corp.
QOMOW
NASDAQ Global Market0.02
USD
+0.00
- -
CIK
0001894210
Return %
Stock
S&P500
1Y
-24.50
26.53
3Y
-69.80
76.60
5Y
-69.80
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. (NASDAQ: QOMOW) is a blank check company incorporated in Delaware in 2021 and headquartered at 1178 Broadway, 3rd Floor, New York, New York; the company has no significant operations and focuses solely on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities, primarily targeting 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 in Asian markets. It completed its initial public offering in September 2022, raising approximately $52.7 million in proceeds held in trust, with units comprising one ordinary share, one right, and one warrant, enabling separate trading shortly thereafter. In recent developments, the company received extension funding including $0.24 million in June 2023 and $0.15 million in September 2023 to pursue targets, shareholders approved expansions such as targeting China-based companies in September 2023 and deadline extensions through at least September 2024, and it faced Nasdaq compliance issues including delisting risks for low market value and delayed filings in 2024; ultimately, on January 6, 2025, Qomolangma announced the redemption of all outstanding public shares effective December 27, 2024, due to failure to complete an initial business combination within the required timeframe under its certificate of incorporation, with no definitive agreement reached despite signing a letter of intent on a promising transaction, market dynamics, and sponsor funding limitations prompting the board's decision to liquidate and return trust capital plus interest to stockholders, followed by voluntary delisting and SEC Form 15 filing in early 2025 to terminate securities registration.