SCVX Corp.
SCVX-UN
New York Stock Exchange10.00
USD
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SCVX Corp.
SCVX-UN
(New York Stock Exchange)
Recent
price
10.00
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- SCVX Corp. is a blank check company focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting the cybersecurity sector; it offers no significant operational products or services beyond its SPAC structure. Incorporated in 2019 and headquartered in Washington, District of Columbia, the company operates principally in the United States with a focus on North American capital markets. SCVX Corp. went public via an initial public offering in January 2020, raising $230 million in proceeds held in trust. In May 2021, it announced a merger agreement with Bright Machines, an intelligent software-defined manufacturing company, valued at a pro forma enterprise value of $1.1 billion; the deal, expected to provide up to $435 million in gross proceeds including a $205 million PIPE from investors such as SoftBank and Fidelity, was mutually terminated in December 2021 due to market conditions and timing constraints before the January 2022 deadline. The company considered alternative transactions and extensions thereafter but faced NYSE delisting proceedings in March 2022 for failing continued listing standards related to market capitalization below $40 million; trading in its Class A ordinary shares (SCVX), units (SCVX-U or SCVX-UN), and warrants (SCVX WS) was suspended on March 8, 2022, with subsequent transfer considerations to NYSE American announced earlier in 2022 that did not prevent delisting; as of late 2025, SCVX-UN trades over-the-counter with minimal activity and negative enterprise value, indicating a dormant shell status without a completed business combination.