Silver Crest Acquisition Corporation
SLCRU
NASDAQ Capital Market7.40
USD
-0.70
- -
CIK
0001826553
ISIN
KYG813551101
Return %
Stock
S&P500
1Y
-26.29
18.02
3Y
-28.16
64.11
5Y
-28.16
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.- CEO
- Derek Cheung
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Jardine House Central Hong Kong
- IPO Date
- Jan 14, 2021
- CIK
- 0001826553
- Website
- silvercrestacq.com
- Similar Companies
- Business
- Silver Crest Acquisition Corporation (SLCRU) is a blank check company, or special purpose acquisition company, formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, with a focus on high-growth consumer and consumer technology sectors offering differentiated products and services; it provides no significant current operations beyond pursuing such transactions. Incorporated in 2020 as a Cayman Islands exempted company and headquartered in Central, Hong Kong, with key leadership including Chairman Leon Meng of Ascendent Capital Partners and CEO Derek Cheung, the company completed its initial public offering in January 2021, raising approximately $345 million in gross proceeds through 34.5 million units listed on Nasdaq under the SLCRU ticker, each comprising one Class A ordinary share and one-half of a warrant exercisable at $11.50. In September 2022, Silver Crest Acquisition Corporation completed a definitive business combination with TH International Limited (Tims China), the exclusive operator of Tim Hortons coffee shops in China, in a reverse merger transaction valuing the deal at an enterprise value of approximately $1.4 billion and providing nearly $200 million in additional financing including PIPE investments and a committed equity facility; post-combination, the entity retained the TH International name with shares and warrants trading on Nasdaq under THCH and THCHW, respectively, rendering SLCRU defunct as of that date.