The Music Acquisition Corporation
TMAC
New York Stock Exchange10.10
USD
+0.03
- -
CIK
0001835236
ISIN
US62752R1005
CUSIP
62752R100
Return %
Stock
S&P500
1Y
3.70
18.44
3Y
4.66
63.65
5Y
4.66
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 9000 West Sunset Boulevard Hollywood CA United States of America 90069
- IPO Date
- Mar 26, 2021
- CIK
- 0001835236
- Website
- musicacquisition.com
- Similar Companies
- Business
- The Music Acquisition Corporation (TMAC) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the music sector. Incorporated in 2020 and headquartered in Hollywood, California, the company does not have significant operations beyond pursuing such transactions; it raised $230 million in its February 2021 initial public offering on the New York Stock Exchange under the ticker TMAC.U, consisting of 23 million units each including one Class A common share and one-half redeemable warrant exercisable at $11.50. TMAC targeted music-related entities, leveraging management expertise from industry veterans including CEO and Chairman Neil Jacobson, formerly of Geffen Records and Hallwood Media. In late 2022, TMAC underwent significant termination events, including amending its charter to accelerate liquidation to December 1, 2022—prior to its original February 2023 deadline—to avoid a 1% excise tax on stock repurchases under the Inflation Reduction Act; the NYSE suspended trading of its shares on December 2, 2022, followed by delisting of its securities, redemption of all public shares, and formal dissolution without completing any business combination. Warrants expired worthless with no redemption rights, marking the end of operations as a SPAC. Post-liquidation, legacy ticker references persist on certain platforms with outdated market data showing no active trading, revenue, or ongoing activities.