Simon Property Group Acquisition Holdings, Inc.
SPGS
New York Stock Exchange10.09
USD
+0.00
- -
CIK
0001839127
Return %
Stock
S&P500
1Y
3.80
26.53
3Y
0.59
76.60
5Y
0.59
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
- Eli M. Simon
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 225 West Washington Street Indianapolis IN United States of America 46204
- CIK
- 0001839127
- Website
- simonacquisitionholdings.com
- Similar Companies
- Business
- Simon Property Group Acquisition Holdings, Inc. (SPGS) operates as a blank check company whose sole purpose centers on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. Incorporated in 2020 and headquartered in Indianapolis, Indiana, the company maintains no significant ongoing operations beyond pursuing such a transaction; its core "product" constitutes the blank check vehicle itself, backed by IPO proceeds held in trust for deployment in a target acquisition across general sectors and global geographies. Led by CEO Eli Simon with underwriting from Goldman Sachs, SPGS raised $345 million in its February 2021 initial public offering, with 100% of proceeds placed in trust for a 24-month tenor. In a major development, the company entered liquidation proceedings, culminating in its full liquidation on December 15, 2022, following an amendment vote after failing to identify or complete a suitable business combination amid market volatility; this decision returned capital to investors, effectively disbanding the SPAC as announced by parent-affiliated Simon Property Group. No further acquisitions, partnerships, product launches, or operational expansions occurred post-IPO, marking the liquidation as the entity's most significant recent change. Trading under ticker SPGS on NYSE until dissolution, the entity targeted retail-aligned opportunities given Simon Property Group's mall ownership but concluded without a deal.
Simon Property Group Acquisition Holdings, Inc. Announces the Separate Trading of Its Class A Common Stock and Warrants, Commencing April 12, 2021
Simon Property Group Acquisition Holdings, Inc. Completes $345 Million Initial Public Offering
Simon Property Group Acquisition Holdings, Inc. Announces Pricing of $300,000,000 Initial Public Offering