Recharge Acquisition Corp.
RCHG
NASDAQ Capital Market10.12
USD
+0.01
- -
CIK
0001817786
ISIN
US7562291002
CUSIP
756229100
Return %
Stock
S&P500
1Y
1.91
26.53
3Y
3.79
76.60
5Y
3.79
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.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1900 Main Street Sarasota FL United States of America 34236
- IPO Date
- Nov 20, 2020
- CIK
- 0001817786
- Similar Companies
- Business
- Recharge Acquisition Corp. is a blank check company originally organized to effect mergers, share exchanges, asset acquisitions, or similar business combinations. However, the company announced its decision to liquidate and redeem all outstanding Class A common stock shares effective October 5, 2022, due to the inability to complete a business combination by the deadline set in its amended charter. As part of this liquidation process, Class A shares were redeemed at approximately $10.12 per share, and the company planned delisting from Nasdaq, with warrants expiring worthless. This marked a significant operational closure, leaving no ongoing active business operations or product offerings under the Recharge Acquisition Corp. name since late 2022. Separately, there is a distinct company named Recharge, which is a European leader in prepaid digital storefronts and prepaid payments platforms, known for brands such as Recharge.com and Startselect.com. This Recharge company operates digital storefronts offering over 16,000 prepaid digital vouchers including gaming, mobile top-ups, gift cards, and lifestyle products, serving more than 8 million users and partnering with over 1,000 global brands such as Apple, Google, Vodafone, and PlayStation. Recharge combines a consumer-first marketing approach with established brand equity across European markets. Recharge has recently undergone major changes, including its acquisition by Singapore-headquartered Coda in 2025, creating a combined entity with widened global reach and enhanced digital content and prepaid product offerings. The acquisition was led by Apis' funds and supported by other investors, enabling expanded B2C and newly launched B2B services through the acquisition of the UK-based Giftcloud platform, marking Recharge’s strategic expansion into business-to-business digital rewards solutions. Recharge secured a €45 million M&A facility from ABN AMRO in early 2025 to accelerate its growth via strategic acquisitions, aiming to complete multiple deals and reach €1 billion in sales, supported by 30% year-on-year revenue growth in 2024. Recharge's product portfolio focuses on prepaid digital top-ups, gift cards, digital rewards, and subscription management platforms, addressing consumers and business clients alike with multi-country digital storefronts that support multiple currencies, languages, and payment solutions. Its operations are concentrated in Europe and expanding globally under the Coda umbrella, targeting digital commerce sectors including mobile gaming, entertainment, and lifestyle products. Recharge Acquisition Corp. and Recharge (the prepaid payments platform) are distinct entities, with the former having ceased active operations following liquidation in 2022, and the latter emerging as a leading prepaid digital commerce company successfully scaling through acquisitions and strategic partnerships in 2024-2025.