- Business
- SEP Acquisition Corp. (NASDAQ: SEPA), a blank check company formerly known as Mercury Ecommerce Acquisition Corp., focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities; it conducts no significant independent operations. The company, incorporated in 2021 and headquartered in Houston, Texas, operates as a subsidiary of Mercury Sponsor Group I LLC and targets opportunities across various industries without specified geographic restrictions. In December 2022, SEP Acquisition Corp. changed its name from Mercury Ecommerce Acquisition Corp. and updated its ticker symbols to SEPA, SEPAW, and SEPAU effective January 2023, alongside launching a new website at www.sepacquisition.com. The company entered a merger agreement in 2023 with SANUWAVE Health, Inc., a provider of wound care products, valued at an enterprise of $127.5 million, which included subsequent amendments through April 2024 but was terminated in June 2024. SEP Acquisition Corp. completed its liquidation on July 16, 2024.