Rose Hill Acquisition Corporation
ROSEU
NASDAQ Global Market11.74
USD
-1.01
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Rose Hill Acquisition Corporation
ROSEU
(NASDAQ Global Market)
Recent
price
11.74
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Rose Hill Acquisition Corporation (Nasdaq: ROSEU) is a blank check company, or special purpose acquisition company (SPAC), incorporated as an exempted company in the Cayman Islands in 2021 and headquartered in Atlanta, Georgia; it focuses on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses, primarily targeting Latin American companies valued between $400 million and $1 billion in high-growth industries with proven profitability. The company offers units consisting of one Class A ordinary share and one-half of one redeemable warrant (exercisable at $11.50 per whole share), Class A ordinary shares, and redeemable warrants traded separately under tickers ROSE and ROSEW; it generates no operating revenues and holds proceeds from its October 2021 initial public offering of 12.5 million units at $10 each, supplemented by an over-allotment option, primarily in a trust account for deployment in a business combination. Geographically, Rose Hill targets markets in Mexico, Colombia, Brazil, Chile, and Peru, leveraging a management team with over 60 years of Latin American M&A experience from firms including Lehman Brothers, Barclays, and HSBC; its independent board provides expertise across dozens of regional industries. In recent developments, Rose Hill entered a business combination agreement in October 2022 with Chilean firm Inversiones e Inmobilaria GHC Ltda (Prize) and affiliates to take Prize public via merger, amended in July and October 2023 and including a proposed $150 million standby equity purchase agreement with Yorkville Advisors; however, the parties mutually terminated the agreement on November 22, 2023, voiding related support agreements and releasing claims. Subsequently, Nasdaq delisted Rose Hill's securities effective November 21, 2023, for failing to meet minimum public shareholding requirements; the company entered official liquidation under Cayman Islands law on February 5, 2024, with Deloitte's Michael Green and Grant Hiley appointed as joint official liquidators, who determined it insolvent, ceased directors' powers, and are realizing assets, investigating affairs, and convening creditor meetings while redeeming public shares per the trust provisions ahead of dissolution.
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