Alpine Acquisition Corporation
REVE
NASDAQ Capital Market10.54
USD
+0.00
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Alpine Acquisition Corporation
REVE
(NASDAQ Capital Market)
Recent
price
10.54
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Alpine Acquisition Corporation Alpine Acquisition Corporation (Nasdaq: REVE) is a blank check company, or special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses; it primarily targets drive-to-destination hotels, digital entertainment and gaming, and lodging technology sectors. Incorporated in 2021 and headquartered in Fountain Hills, Arizona, the company has no significant current operations, generates no revenue, and maintains its IPO proceeds primarily in trust for a potential de-SPAC transaction. In 2022, it signed definitive agreements to acquire Two Bit Circus, Inc. for approximately $50 million in stock and two convention hotels—the Hilton Stamford Hotel and Crowne Plaza Denver Airport Convention Center Hotel—for $65 million in cash and stock, with plans to rebrand the properties as Revelers Resorts under a combined entity named Two Bit Entertainment Corp.; however, the deal faced multiple delays and adjournments of shareholder votes through early 2023 before being terminated, leading to the cancellation of the completion vote, redemption of public shares, and liquidation of the company as announced in March-April 2023. Despite the liquidation, certain stock data platforms continue to list REVE shares trading around $10.54 as of late 2025, reflecting its status as a non-operational trust holding redemptions rather than an active operating entity awaiting new merger opportunities. The company operates without subsidiaries or parent relationships, focusing solely on U.S.-based targets in its specified industries amid challenging market conditions for SPACs, including regulatory scrutiny, rising interest rates, and investor redemptions that contributed to its credit rating decline to B4 and elevated default probability by mid-2025.
REVE Stock Alert: What Is Going on With the Two Bit Circus SPAC Merger?