Silver Spike Acquisition Corp.
SSPKW
NASDAQ Global Select6.36
USD
-0.36
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Silver Spike Acquisition Corp.
SSPKW
(NASDAQ Global Select)
Recent
price
6.36
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Growth Rates
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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.- Similar Companies
- Business
- Silver Spike Acquisition Corp. (SSPKW) is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses primarily on opportunities in the cannabis industry, including cultivation, processing, retail, and ancillary services such as technology platforms and financial solutions for operators. The company targets businesses operating in regulated markets, particularly in North America, with potential expansion into emerging international jurisdictions. Founded in 2020 and headquartered in New York, New York, Silver Spike Acquisition Corp. completed its initial public offering in August 2021, raising approximately $200 million to pursue its acquisition strategy. Its core activities include identifying and diligencing targets with scalable operations, strong management teams, and compliance with evolving regulatory frameworks; it does not currently engage in direct cannabis production or sales but provides capital and strategic support post-merger. The company operates through a sponsor group affiliated with Silver Spike Capital, which brings expertise in cannabis investing. No major recent partnerships, acquisitions, funding rounds, or strategic shifts have been publicly announced for Silver Spike Acquisition Corp. within the last 1-2 years, as it remains in the search phase typical for special purpose acquisition companies. It continues to evaluate opportunities amid consolidating cannabis markets and regulatory developments in the United States and Canada. Geographic operations are centered in the U.S., with a focus on multi-state operators and federally legal frameworks.