Skydeck Acquisition Corp.
SKYAU
NASDAQ Capital Market10.10
USD
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Skydeck Acquisition Corp.
SKYAU
(NASDAQ Capital Market)
Recent
price
10.10
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Skydeck Acquisition Corp. (SKYAU) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant current operations other than seeking and completing an initial business combination through merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar transaction with one or more businesses or entities. The company targets opportunities in media, technology, communications, and digital health sectors, focusing on targets with defensible business models, large and growing end markets, and superior unit economics; it offers no current products or services beyond its SPAC structure, which provides public market access via its units comprising one Class A ordinary share and one-third of a redeemable warrant exercisable at $11.50 per share. Founded in 2021 and headquartered in Providence, Rhode Island, Skydeck conducts its search primarily in the United States and other developed markets, leveraging the management team's expertise from firms such as Providence Equity Partners and Summit Partners. In April 2023, Skydeck announced it would redeem all outstanding public shares and would not consummate an initial business combination, returning capital to investors after failing to identify or complete a suitable target within its 24-month timeframe following its May 2021 initial public offering of 20 million units priced at $10.00, upsized from an initial $250 million filing. The company raised approximately $221.66 million in gross proceeds at IPO, underwritten by J.P. Morgan and Morgan Stanley, with units listed on Nasdaq under SKYAU (shares as SKYA and warrants as SKYAW upon separation); no subsequent mergers, acquisitions, partnerships, funding rounds, product launches, or operational expansions occurred. Post-redemption, Skydeck remains in a liquidated status with no active operations or ongoing business combination pursuits as of late 2025.