ScION Tech Growth II
SCOBW
NASDAQ Capital Market0.00
USD
- -
- -
CIK
0001838431
CUSIP
G31070116
Return %
Stock
S&P500
1Y
-97.82
18.21
3Y
-99.47
63.29
5Y
-99.47
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
- Andrea Pignataro
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 10 Queen St Place London United Kingdom
- IPO Date
- Apr 5, 2021
- CIK
- 0001838431
- Similar Companies
- Business
- ScION Tech Growth II (NASDAQ:SCOBW) operates as a blank check company, or special purpose acquisition company (SPAC), whose primary purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses; it maintains no significant independent operations prior to completing such a transaction. Incorporated in 2020 as a Cayman Islands exempted company and headquartered at 10 Queen Street Place in London, United Kingdom, the company, sponsored by an affiliate of ION Investment Group Limited, focuses its search for targets exclusively on technology-enabled businesses offering specific technology solutions, broader technology software, and services in the financial services sector; it serves institutional and accredited investors through its publicly traded warrants, units, and Class A ordinary shares listed on Nasdaq. Geographically, ScION Tech Growth II conducts its operations primarily from the United Kingdom while targeting global opportunities in the financial technology space, operating as a subsidiary of ScION 2 Sponsor LLC with leadership including Executive Chairman Andrea Pignataro, founder and CEO of ION Investment Group, CEO Mathew J. Cestar, and CFO Alex Triplett. In a significant development, the company raised $300 million in its February 2021 initial public offering through the sale of 30 million units at $10 each, consisting of one Class A ordinary share and one-third of a warrant exercisable at $11.50, bolstered by a forward purchase agreement for up to $300 million from a sponsor affiliate and indications for $20 million in units; however, it failed to complete an initial business combination within its mandated timeframe, resulting in the redemption of all outstanding Class A ordinary shares as of February 13, 2023, and subsequent dissolution of the SPAC.