SILVERspac Inc.
SLVRW
NASDAQ Capital Market0.00
USD
-0.01
- -
SILVERspac Inc.
SLVRW
(NASDAQ Capital Market)
Recent
price
0.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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.- Similar Companies
- Business
- SILVERspac Inc. SILVERspac Inc. operates as a blank check company, or special purpose acquisition company (SPAC), incorporated in the Cayman Islands in 2021 and headquartered in New York, New York. The company has no significant ongoing operations and exists primarily to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses; it targets enterprise technology companies providing innovation solutions to the real estate and financial services industries, including PropTech and FinTech sectors, as well as supporting industries. SILVERspac Inc. completed a $250 million initial public offering in 2021, raising capital through 25 million units listed on Nasdaq under the symbol SLVRU, each consisting of one Class A ordinary share and one-third of a redeemable warrant. In September 2023, SILVERspac Inc. announced its liquidation and redemption of public shares after failing to complete an initial business combination by the September 14 deadline, with redemptions estimated at approximately $10.37 per share based on trust assets of about $259 million as of June 30, 2023, and dissolution effective no later than September 28, 2023. The company, led by CEO Charles Federman, a venture capital investor and co-founder of Silvertech Ventures, conducted no merger announcements or deals during its active period. Post-liquidation, trading continues in its warrants under the ticker SLVRW on Nasdaq, with no current operational activities or new strategic developments reported.