Sound Point Acquisition Corp I, Ltd
SPCMW
NASDAQ Global Market0.01
USD
-0.06
- -
CIK
0001880968
Return %
Stock
S&P500
1Y
- -
18.21
3Y
-98.11
64.38
5Y
-98.11
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001880968
- Similar Companies
- Business
- Sound Point Acquisition Corp I, Ltd operates as a special purpose acquisition company (SPAC) originally established to facilitate mergers or acquisitions. It is part of the Sound Point Capital ecosystem, a New York-based alternative asset management firm founded in 2008 specializing in credit strategies including leveraged loans, distressed debt, structured credit, direct lending, and commercial real estate financing. The firm manages assets across various credit and specialty finance segments, targeting institutional investors such as pensions, insurance companies, wealth managers, and family offices across North and Latin America, Europe, and Australia. Sound Point Acquisition Corp I, Ltd's core business involved raising capital through an initial public offering (IPO) to pursue a merger or business combination with a target company, offering investors exposure to specialty finance and FinTech sectors. However, the company announced in 2023 that it would not consummate an initial business combination within the required timeframe and thus proceeded to liquidate and redeem its public shares, effectively winding down the SPAC entity. Despite the SPAC's liquidation, Sound Point Capital continues its broader asset management activities, including recent strategic growth investments such as a $150 million funding round for Alleviate Financial Solutions aimed at expanding specialty finance platforms focused on underserved markets. The broader Sound Point Capital platform actively manages over $43 billion in assets with a diverse portfolio emphasizing credit and financial services including lending, payments, specialty finance, buy now pay later, insurance technology, property technology, financial data, asset management, and banking platforms. The firm recently reached a significant milestone by closing its Strategic Capital Fund III with $1.1 billion in commitments, targeting a final close of $1.5 billion by year-end 2025, supported by extensive institutional investor interest. Overall, Sound Point Acquisition Corp I, Ltd functioned as a SPAC vehicle within the specialized asset management framework of Sound Point Capital Management, which continues to expand its credit and specialty finance operations globally from its headquarters in New York, with multiple regional offices. The SPAC's recent dissolution marks a strategic shift to concentrate efforts on core asset management and specialty finance investments rather than public acquisition vehicle operations.