Sierra Lake Acquisition Corp.
SIERU
NASDAQ Capital Market10.10
USD
- -
- -
CIK
0001844135
ISIN
US8263322070
CUSIP
826332207
Return %
Stock
S&P500
1Y
1.51
18.02
3Y
2.02
64.11
5Y
2.02
72.15
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 625 West Adams Street Chicago IL United States of America 60661
- IPO Date
- Sep 15, 2021
- CIK
- 0001844135
- Similar Companies
- Business
- Sierra Lake Acquisition Corp. Sierra Lake Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company has no significant current operations or revenues and focuses its activities on identifying suitable merger or acquisition targets across various industries and geographies. It was founded in 2021 and is headquartered in Chicago, Illinois. Sierra Lake Acquisition Corp. offers investors redeemable units consisting of one share of Class A common stock and one-half of a warrant, with each whole warrant exercisable to purchase one share of Class A common stock at $11.50 per share; following its initial public offering, the components began separate trading under the tickers SIER and SIERW. The company completed a $300 million initial public offering in September 2021, raising gross proceeds through 30 million units priced at $10.00 each, with the funds placed in a trust account; it failed to complete an initial business combination within the required timeframe under its amended charter and announced its intention to dissolve and liquidate in December 2022, redeeming public shares at approximately $10.12 per share effective December 8, 2022, with shares cancelled as of December 16, 2022.