RXR Acquisition Corp.
RXRAU
NASDAQ Capital Market10.05
USD
- -
- -
CIK
0001840463
ISIN
US74981W2061
CUSIP
74981W206
Return %
Stock
S&P500
1Y
2.24
18.21
3Y
2.03
63.29
5Y
2.03
74.90
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
- 625 RXR Plaza Uniondale NY United States of America 11556
- IPO Date
- Mar 4, 2021
- CIK
- 0001840463
- Website
- rxracquisitioncorp.com
- Similar Companies
- Business
- RXR Acquisition Corp. (NASDAQ: RXRAU) is a blank check company, or special purpose acquisition company (SPAC), formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. While it may pursue targets across any industry or sector, the company initially focuses its search on PropTech businesses at the intersection of real estate and technology; adjacent Urban Tech ecosystems including logistics, modern mobility, and financial services; and solutions addressing urbanization inefficiencies. RXR Acquisition Corp. does not have significant operations or generate revenues, relying instead on its sponsor's expertise to identify and accelerate high-growth opportunities in these areas. Founded in 2021 and headquartered at 625 RXR Plaza in Uniondale, New York, the company is sponsored by an affiliate of RXR Realty LLC, a vertically integrated real estate owner, investor, operator, and developer led by Scott Rechler. RXR Realty provides operational support through its platform of over 500 employees skilled in property management, construction, investment management, asset repositioning, value-added lending, and development across commercial, residential, warehouse, mixed-use, and infrastructure projects. The SPAC targets customers and markets in the real estate technology sector, primarily in the United States. In a significant operational change, RXR Acquisition Corp. announced in December 2022 that it would redeem all public shares and dissolve without consummating an initial business combination, returning approximately $345 million to investors at $10 per share due to unfavorable market conditions for PropTech valuations and lack of suitable merger targets after nearly two years of evaluation. The redemption and liquidation process concluded shortly thereafter, with the company's units continuing to trade on NASDAQ as of late 2025 but marked for potential delisting. No subsequent mergers, acquisitions, funding rounds, new product launches, partnerships, or strategic expansions have been reported.