Schultze Special Purpose Acquisition Corp. II
SAMAW
NASDAQ Global Market0.00
USD
- -
- -
CIK
0001843100
CUSIP
808212112
Return %
Stock
S&P500
1Y
- -
18.21
3Y
-99.65
63.29
5Y
-99.60
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.- CEO
- George Joachim Sebastian Schultze
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 800 Westchester Avenue Rye Brook NY United States of America 10573
- IPO Date
- Jan 9, 2019
- CIK
- 0001843100
- Similar Companies
- Business
- Schultze Special Purpose Acquisition Corp. II (NASDAQ:SAMAW) operates as a blank check company whose principal business activity is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar initial business combination with one or more businesses. The company offers public shares, redeemable units, and warrants as financial instruments to investors seeking exposure to such transactions; it focuses on target companies experiencing liquidity constraints, financial stress, or those that have emerged from restructuring processes, with preferred sectors including consumer and food & beverage, aerospace & defense, media & entertainment, industrial growth, and technology. Sponsored by Schultze Asset Management, a New York-based investment manager founded in 1998 specializing in event-driven and distressed securities, the SPAC completed its initial public offering of 15 million units at $10 each in October 2021, raising $165 million, which was subsequently adjusted for over-allotments. Headquartered in Rye Brook, New York, and founded in 2020 under the leadership of CEO George J. Schultze, it targeted high-quality businesses with solid operations and management, providing hybrid liquidity solutions, deleveraging capital, public market access, and strategic growth expertise. In September 2023, Schultze Special Purpose Acquisition Corp. II announced it would redeem all outstanding public shares effective October 11, 2023, at approximately $10.58 per share, and not consummate an initial business combination due to failure to meet the October 13, 2023, deadline. Warrants expired worthless with no redemption rights or liquidating distributions. The company ceased operations as a SPAC following this liquidation, distinct from its predecessor Schultze Special Purpose Acquisition Corp. (SAMA), which merged with Clever Leaves International Inc. in December 2020.