Tastemaker Acquisition Corp.
TMKR
NASDAQ Capital Market10.78
USD
+0.01
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Tastemaker Acquisition Corp.
TMKR
(NASDAQ Capital Market)
Recent
price
10.78
P/E
ratio
- -
div
yld
- -
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 Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Priveterra Acquisition Corp. II (NASDAQ:TMKR), formerly Tastemaker Acquisition Corp., is a blank check company with no significant operations that focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting the restaurant, hospitality, and related technology and services sectors. The company offers no core products or services beyond its SPAC structure, which provides public market access to private companies through de-SPAC transactions; it maintains a trust account for potential redemptions and pursues combinations without minimum cash conditions subject to stockholder approval and customary closing requirements. Incorporated in 2020 and headquartered in New York, New York, it operates principally in the United States with a focus on high-growth targets in foodservice, suppliers, and technology-enabled hospitality businesses. In July 2023, the company changed its name from Tastemaker Acquisition Corp. to Priveterra Acquisition Corp. II and underwent a management transition, replacing its original restaurant industry executives with a new team led by Chairman and CEO Oleg Grodnensky of Priveterra Capital, shifting emphasis while retaining independent directors initially; it terminated a $989 million merger agreement with jewelry distributor Quality Gold in June 2023 due to market conditions. Its securities were suspended from Nasdaq trading in May 2024, with approximately $29.8 million remaining in trust following high redemptions of around 89%, and it continues seeking a business combination amid ongoing listing compliance efforts.