Scion Tech Growth I
SCOAW
NASDAQ Capital Market0.00
USD
+0.00
- -
CIK
0001828985
CUSIP
G31067112
Return %
Stock
S&P500
1Y
-99.90
18.21
3Y
-99.98
64.38
5Y
-99.98
72.43
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
- Andrea Pignataro
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 10 Queen St Place London United Kingdom EC4R 1BE
- CIK
- 0001828985
- Similar Companies
- Business
- Scion Tech Growth I (NASDAQ:SCOAW) operates as a blank check company, also known as a special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Incorporated in 2020 as a Cayman Islands exempted company and headquartered at 10 Queen Street Place, 2nd Floor, London, EC4R 1BE, United Kingdom, the company focuses its search on technology-enabled businesses offering specific technology solutions, broader technology software, and services, particularly in the financial services sector; it targets companies with enterprise values between $3 billion and $10 billion and has not commenced material operations or generated revenue. Backed by an affiliate of ION Investment Group Limited, a global provider of mission-critical workflow automation software, data analytics, and insights for financial institutions, governments, and corporations, Scion Tech Growth I raised $500 million in its initial public offering in December 2020 at $10 per unit, with each unit comprising one Class A ordinary share and one-third of a warrant exercisable at $11.50 per whole warrant; leadership includes Executive Chairman Andrea Pignataro, founder and CEO of ION, CEO Mathew J. Cestar, former Co-Head of Credit Suisse's EMEA Investment Banking and Capital Markets division, and CFO Alex Triplett, Head of Corporate Development at ION. In December 2022, the company announced the redemption of all outstanding Class A ordinary shares effective December 22, 2022, and the cancellation of public shares as of the close of business on December 21, 2022, after failing to complete an initial business combination within the required timeframe, marking its liquidation; warrants (SCOAW) remain listed with an expiration date of January 11, 2025, though the company no longer pursues active acquisition activities.