- Business
- Zalatoris Acquisition Corp., formerly Trajectory Alpha Acquisition Corp., is a blank check company sponsored by J. Streicher Holdings LLC that focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting technology-driven companies including software, hardware, telecommunications, and e-commerce opportunities; it holds no significant current operations and maintains trust proceeds from its initial public offering. The company, founded in 2021 and headquartered in New York, New York, raised $172.5 million in its December 2021 NYSE initial public offering of 17.25 million units, each consisting of one Class A common share and one-half of one warrant. In June 2023, it underwent a major management change and sponsor share transfer, whereby Trajectory Alpha Sponsor LLC sold 2,170,464 Class B founder shares and 4,525,000 private placement warrants to J. Streicher Holdings LLC for nominal consideration plus $250,000 to the company, leading to new board appointments including Pantelis Dimitriou, Niall Ennis, Paul Davis, Adeel Rouf, and Sarah Watson, a name change from Trajectory Alpha Acquisition Corp. to Zalatoris Acquisition Corp., and assumption of sponsor obligations by J. Streicher. In September 2023, it announced a proposed business combination with Anteco Systems S.L. (dba AnyTech365), a Spain-based AI-powered IT security firm, at a $220 million enterprise value, but AnyTech365 terminated the merger agreement in January 2025 to pursue a direct NASDAQ listing instead; the company faced NYSE delisting proceedings in August 2024 for failing to meet minimum public stockholder requirements, with trading suspended in September 2024.