Seaport Calibre Materials Acquisition Corp.
SCMA
NASDAQ Global Market10.39
USD
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Seaport Calibre Materials Acquisition Corp.
SCMA
(NASDAQ Global Market)
Recent
price
10.39
P/E
ratio
- -
div
yld
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ROIC.AI
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Seaport Calibre Materials Acquisition Corp. is a blank check company specializing in effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations primarily within the steel, metals, and metals processing industries. The company focuses on identifying and acquiring businesses in these sectors to create value through strategic combinations. Founded in 2019, Seaport Calibre Materials Acquisition Corp. is headquartered in New York, New York. The company offers no direct products or services of its own but operates as a special purpose acquisition company (SPAC) structured to facilitate business combinations with target companies in steel, metals, and associated processing sectors. It conducts capital raising activities and public equity offerings to fund such acquisitions and strategic initiatives. In recent developments, Seaport Calibre Materials Acquisition Corp. completed an initial public offering in October 2021, raising $130 million. Its Class A common stock and warrants began separate trading on the Nasdaq Global Market in December 2021 under the symbols SCMA and SCMAW, respectively. The company has actively sought acquisition targets since but had to dissolve and liquidate its public shares in early 2023 after not completing a qualifying business combination within the mandated timeframe. Since then, it has remained a publicly traded SPAC with a market cap of approximately $169 million as of late 2025 but has not announced major new acquisitions or strategic shifts beyond its core SPAC activities and pursuit of suitable merger opportunities. Seaport Calibre Materials Acquisition Corp. operates primarily across the United States, leveraging its expertise and sponsors in financial management and metals industry domains. It is sponsored by Seaport Global Securities and Calibre Group, LLC, firms engaged in investment and asset management. The company remains focused on an eventual strategic business combination aligned with its sector focus to capitalize on the steel and metals market dynamics and growth opportunities. Overall, Seaport Calibre Materials Acquisition Corp. functions as a financial vehicle aimed at acquiring and expanding businesses in steel and metals, with its most recent significant company event being the IPO and subsequent strategic pursuit of merger targets in these industries since its founding in 2019 and headquarters in New York, NY.