Sustainable Development Acquisition I Corp.
SDACU
NASDAQ Capital Market10.38
USD
-0.12
- -
Sustainable Development Acquisition I Corp.
SDACU
(NASDAQ Capital Market)
Recent
price
10.38
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Similar Companies
- Business
- Sustainable Development Acquisition I Corp. Sustainable Development Acquisition I Corp. is a blank check company, or special purpose acquisition company (SPAC), formed as a public benefit corporation and pending B Corporation to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses aligned with the United Nations Sustainable Development Goals, focusing on sectors including water, food and agriculture, renewable energy, and environmental resource management; it offers no current products or services beyond its structure of Class A common stock, redeemable warrants, and units traded publicly on Nasdaq under the ticker SDACU prior to delisting. Incorporated in 2020 and headquartered in Bakersfield, California, with operational ties to Los Angeles, the company was established as a partnership between RRG Global Partners Fund, affiliated with Renewable Resources Group (a certified B Corp), and Sustainable Investors Fund, affiliated with Capricorn Investment Group (a certified B Corp), targeting growth-oriented companies that could achieve or maintain Certified B Corporation status across global markets. In July 2023, the company announced its voluntary dissolution and liquidation after failing to complete a business combination within the required timeframe, redeeming all outstanding Public Shares from its February 2021 initial public offering of 31.6 million units at $10 each (upsized from an initial $250 million target) for approximately $10.39 per share from its trust account, ceasing trading of its securities, filing a Form 25 with Nasdaq for delisting, and a Form 15 with the SEC to terminate registration under the Securities Exchange Act of 1934, with no distributions to warrant holders and waivers of liquidating rights by initial stockholders, sponsor, officers, and directors on founder shares and private placement warrants.
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