SDCL EDGE Acquisition Corporation WT
SEDA-WT
New York Stock Exchange0.03
USD
-0.05
- -
CIK
0001846975
ISIN
KYG794711278
Return %
Stock
S&P500
1Y
-70.00
18.21
3Y
-75.00
64.38
5Y
-75.00
72.43
Capital Structure
FRC
•
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.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001846975
- Similar Companies
- Business
- SDCL EDGE Acquisition Corporation (SEDA-WT) operates as redeemable warrants associated with a special purpose acquisition company, or blank check company, focused on pursuing mergers, capital stock exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses, particularly in energy efficiency, decentralized energy solutions, and low-carbon transport infrastructure for the built environment and transport sectors; these warrants entitle holders to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment, following the later of 30 days after completion of an initial business combination or 12 months after the company's initial public offering units separation. The company, founded in 2021 and headquartered at 60 East 42nd Street, Suite 1100, New York, New York, went public on October 29, 2021, via an initial public offering of 17.5 million units priced at $10.00 each on the New York Stock Exchange, with units separating into Class A ordinary shares (SEDA) and half redeemable warrants (SEDA-WS or SEDA-WT) commencing December 20, 2021; it targeted global opportunities without current operations or revenues. In a major strategic development, SDCL EDGE entered a definitive business combination agreement in February 2024 with cunova GmbH, a German manufacturer of high-end specialty copper alloy products, and KME Group's aerospace division, valuing the combined entity at an enterprise value of approximately $736 million with KME expected to hold 60.1% ownership post-transaction, but the agreement automatically terminated on July 2, 2024, due to unmet closing conditions including regulatory approvals and minimum cash requirements. Unable to consummate a business combination by the extended deadline of November 2, 2024, the company initiated dissolution and liquidation proceedings on November 1, 2024, redeeming all Class A ordinary shares at approximately $11.356 per share by November 18, 2024, with public shares, units, and ordinary shares ceasing trading; warrants, including SEDA-WT, expired worthless upon liquidation as no redemption rights or distributions apply to them, and the New York Stock Exchange filed Form 25 for delisting followed by Form 15 to terminate SEC registration. Co-chief executive officers Jonathan Maxwell and Michael Trattner Feldman oversee operations alongside chief financial officer Edward Wilson Davis Jr., with no employees and affiliations to SDCL Group for energy transition expertise.