Supernova Partners Acquisition Company, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Robert D. Reid
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 4520 Dexter Street, NW Washington DC United States of America
- IPO Date
- Dec 15, 2020
- CIK
- 0001825024
- Website
- spnv.supernovaspac.com
- Similar Companies
- Business
- Supernova Partners Acquisition Company, Inc. Supernova Partners Acquisition Company, Inc. operates as a blank check company, or special purpose acquisition company (SPAC), whose purpose is to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses; it currently holds no significant operations and maintains cash proceeds from its initial public offering in trust for such a transaction. The company focuses on potential targets in technology, internet, consumer, media, and related sectors well-positioned for thematic shifts and tech-enabled trends, particularly those valued between approximately $1 billion and $5 billion with large addressable markets and scalability. Supernova Partners Acquisition Company, Inc. does not manufacture or sell products but provides a public market vehicle for merger candidates through its sponsored units, which include shares of Class A common stock and public warrants exercisable for additional shares at $11.50 per share; it also offers private placement warrants to its sponsor. Incorporated in 2020 and headquartered at 4301 50th Street NW, Suite 300 PMB 1044, Washington, D.C., the company conducted an upsized initial public offering in October 2020, raising $350 million through the sale of 35 million units priced at $10.00 each, with J.P. Morgan and Jefferies serving as lead underwriters. It targets businesses primarily in the United States and potentially global markets, leveraging the expertise of its management team, including Co-Chairmen Spencer Rascoff, a Zillow co-founder, and Alexander Klabin, a former co-Chief Investment Officer at Senator Investment Group, alongside CEO Robert D. Reid, previously of Blackstone, and CFO Michael Clifton, formerly of The Carlyle Group. The SPAC maintains a 24-month tenor from its IPO to complete a deal, with trust cash held at 100% of IPO proceeds initially totaling approximately $402.5 million. In March 2021, Supernova Partners Acquisition Company, Inc. announced a definitive merger agreement with Offerpad, Inc., a tech-enabled real estate solutions platform offering iBuying services for seamless home buying and selling, valuing the combined entity at a post-transaction equity value of approximately $3.0 billion and providing up to $650 million in gross proceeds, including $403 million from its trust, a $200 million PIPE investment, and a $50 million direct investment by sponsor affiliates. Supernova shareholders approved the business combination on August 31, 2021, and the transaction closed on September 1, 2021, with the SPAC changing its name to Offerpad Solutions Inc. (NYSE: OPAD), which assumed trading under the new ticker while Supernova's structure effectively ceased independent operations. As of 2025, Supernova Partners Acquisition Company, Inc. shares trade at around $8.80 with indications of potential delisting, reflecting its post-merger status as a non-operational shell alongside low-volume activity.
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Offerpad, a Leading Tech-enabled Real Estate Solutions Center, to Become Publicly Traded Following Completed Business Combination With Supernova Partners Acquisition Company
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Offerpad to Report Second Quarter 2021 Results on August 16th
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Offerpad Announces Plans to Appoint Tech and Real Estate Leaders to Public Company Board of Directors
Supernova Partners Acquisition Company, Inc. Receives Expected Notice From The New York Stock Exchange Regarding Delayed Quarterly Report
SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Supernova Partners Acquisition Co. - SPNV