Stable Road Acquisition Corp.
SRACU
NASDAQ Capital Market12.20
USD
+0.94
- -
Stable Road Acquisition Corp.
SRACU
(NASDAQ Capital Market)
Recent
price
12.20
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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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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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Similar Companies
- Business
- Stable Road Acquisition Corp. Stable Road Acquisition Corp. (SRACU) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant independent operations; it focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, originally targeting cannabis-adjacent sectors that do not directly touch the plant. The company offers investors access to its public equity structure through Class A ordinary shares, redeemable units comprising one share and one-half of one warrant (SRACU), and separate warrants (SRACW), with primary activities centered on capital raising via initial public offerings and PIPE investments to fund target acquisitions. Incorporated in 2019 and headquartered in Venice, California, it conducts operations principally in the United States, with a global investment focus facilitated by underwriters such as Cantor Fitzgerald. In its principal transaction, Stable Road Acquisition Corp. completed a reverse merger with Momentus Inc., a space transportation technology firm, on August 12, 2021, following stockholder approval of over 97% on August 11, 2021, and an extension of its combination deadline from May 13 to August 13, 2021, which received 66.2% support. The deal generated approximately $247 million in cash proceeds for Momentus, including $137 million from Stable Road's trust after redemptions and a $110 million PIPE, enabling Momentus to list on Nasdaq under MNTS (common stock) and MNTSW (warrants) starting August 13, 2021. This SPAC de-SPAC transaction marked the cessation of Stable Road's standalone activities, with post-merger SEC enforcement actions in July 2021 addressing disclosure issues related to Momentus's technology and national security risks, alongside Nasdaq listing compliance matters.