TB S.A. Acquisition Corp
TBSAU
NASDAQ Capital Market10.18
USD
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TB S.A. Acquisition Corp
TBSAU
(NASDAQ Capital Market)
Recent
price
10.18
P/E
ratio
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div
yld
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ROIC.AI
Capital 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.- Similar Companies
- Business
- TB S.A. Acquisition Corp (TBSAU) operates as a blank check company, or special purpose acquisition company (SPAC), whose primary purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities, with a focus on African companies promoting environmental, social, and governance (ESG) principles; it generates no significant operations or revenues prior to completing such a transaction. Founded in 2021 and headquartered in George Town, Cayman Islands, the company raised $200 million in its initial public offering in March 2021, sponsored by affiliates of TowerBrook Capital Partners and led by CEO Andrew Rolfe, with units trading on Nasdaq under the ticker TBSAU prior to separate trading of shares and warrants commencing in May 2021. In March 2023, TB S.A. Acquisition Corp announced it would redeem all outstanding Class A ordinary shares at approximately $10.17 per share and liquidate without consummating an initial business combination by the 24-month deadline, ceasing all operations except for winding up, delisting from Nasdaq, and terminating registration under the Securities Exchange Act of 1934, with warrants expiring worthless.