Stratim Cloud Acquisition Corp.
SCAQ
NASDAQ Capital Market10.43
USD
+0.06
- -
CIK
0001821812
ISIN
US86309R1077
CUSIP
86309R107
Return %
Stock
S&P500
1Y
6.00
26.53
3Y
7.75
76.60
5Y
7.75
80.11
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
- Sreekanth Ravi
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 100 West Liberty Street Reno NV United States of America 89501
- IPO Date
- May 3, 2021
- CIK
- 0001821812
- Similar Companies
- Business
- Stratim Cloud Acquisition Corp. (SCAQ) is a blank check company with no significant operations that focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. Incorporated in 2020 and headquartered in Reno, Nevada, the company raised $250 million in its initial public offering in March 2021, issuing 25 million units at $10.00 each on Nasdaq under the symbol SCAQU, with separated shares and warrants trading as SCAQ and SCAQW. It initially targeted the technology sector but shifted focus to pursue opportunities in energy services, entering a binding letter of intent in February 2023 to acquire Force Pressure Control, LLC, a provider of pressure control rental tools and services to oil, gas, and geothermal sectors serving clients such as ConocoPhillips and Devon Energy; the proposed transaction valued Force at approximately $240 million enterprise value, involving 12 million shares of SCAQ Class A common stock, $120 million in cash or notes, and potential earnouts up to 3 million additional shares based on 2023 EBITDA performance, with an anticipated close in the first quarter of 2023. In June 2023, Stratim Cloud and Force Pressure Control mutually terminated the merger agreement, with Force agreeing to pay SCAQ a $250,000 termination fee; unable to identify and complete an alternative business combination before its September 16, 2023 deadline, the company announced its redemption of public shares and liquidation effective July 13, 2023, with redemptions commencing July 27, 2023. As of late 2025, SCAQ shares continue to appear in select financial data platforms at around $10.43 with no active operations or ongoing mergers reported.