SCVX Corp.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Michael Doniger
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1717 Pennsylvania Ave Nw #625 Washington DC United States of America 20005
- IPO Date
- Jan 28, 2020
- CIK
- 0001794717
- Website
- scvx.com
- Similar Companies
- Business
- SCVX Corp. operates as a blank check company, or special purpose acquisition company (SPAC), focused on pursuing mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations primarily with cybersecurity sector targets; it offers no current operational products or services beyond its investment vehicle structure for providing public market access to high-growth private companies, particularly those with enterprise valuations between $600 million and $1.5 billion featuring next-generation technologies such as artificial intelligence and machine learning-based cyber defense platforms, threat intelligence, third-party risk management, and identity access management solutions. Founded in 2019 and headquartered in Washington, District of Columbia, the company raised $230 million in its initial public offering on the New York Stock Exchange in 2020 under the leadership of CEO Mike Doniger and CTO Hank Thomas, backed by Strategic Cyber Ventures, with a board including cybersecurity experts like former Director of National Intelligence Dan Coats. In May 2021, SCVX announced a $1.1 billion merger agreement with Bright Machines, an intelligent software-defined manufacturing firm, which included $205 million in PIPE financing from investors such as SoftBank, Fidelity, and Hudson Bay but mutually terminated later that year; the NYSE suspended trading in its Class A shares (SCVX) in March 2022 and commenced delisting proceedings after it moved to pink sheets, while in January 2022 it signed a non-binding letter of intent for a potential acquisition with $75 million in initial investment indications and considered extending its dissolution deadline or pursuing alternative combinations.
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