Sound Point Acquisition Corp I, Ltd
SPCMU
NASDAQ Global Market10.66
USD
- -
- -
CIK
0001880968
CUSIP
G8274F127
Return %
Stock
S&P500
1Y
5.86
26.53
3Y
6.07
76.60
5Y
6.07
80.11
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
- Stephen Jerome Ketchum
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 375 Park Avenue New York City NY United States of America 10152
- IPO Date
- Mar 2, 2022
- CIK
- 0001880968
- Website
- soundpointacquisition.com
- Similar Companies
- Business
- Sound Point Acquisition Corp I, Ltd Sound Point Acquisition Corp I, Ltd is a blank check company whose principal business activity is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Incorporated in the Cayman Islands in 2021 and headquartered in New York, New York, the company has no significant ongoing operations or products and services but maintains funds raised through its upsized initial public offering of 22.5 million units at $10 each in 2022 for potential deployment in a target acquisition, particularly in sectors aligned with its sponsor Sound Point Capital Management LP's expertise in credit strategies. In June 2023, the company announced its intent to liquidate and redeem public shares after failing to complete an initial business combination within the required timeframe, with shares redeemed at approximately $10.63 per share and Nasdaq delisting shortly thereafter; as of late 2025, trading activity persists in units under ticker SPCMU amid indications of potential relisting or restructuring, while its sponsor continues strategic expansions including the acquisition of Assured Investment Management LLC with a $1 billion commitment from Assured Guaranty and a $150 million investment in Alleviate Financial Solutions.