RXR Acquisition Corp.
RXRAW
NASDAQ Capital Market0.00
USD
+0.00
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RXR Acquisition Corp.
RXRAW
(NASDAQ Capital Market)
Recent
price
0.00
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- RXR Acquisition Corp. (ticker: RXRAW) operates as a blank check company focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with an initial target emphasis on PropTech and Urban Tech sectors at the intersection of real estate, logistics, modern mobility and financial services. Incorporated in 2021 and headquartered at 625 RXR Plaza in Uniondale, New York, the company, sponsored by an affiliate of RXR Realty LLC, raised $300 million in its initial public offering in March 2021 through 30 million units priced at $10 each. It provides no significant ongoing operations or products beyond pursuing and executing business combinations. In December 2022, following a failure to identify a suitable target within the required timeframe despite evaluating opportunities, RXR Acquisition Corp. announced the redemption of its public shares at $10.16 per share and proceeded to liquidation and dissolution, distributing approximately $345 million to shareholders, with warrants such as RXRAW becoming worthless as the entity ceased active operations. The company maintains no current subsidiaries, partnerships or expansions post-liquidation, and its securities trade at minimal value reflecting defunct status.