TPG Pace Beneficial Finance Corp.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
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.- CEO
- Michael G. MacDougall
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 301 Commerce Street Fort Worth TX United States of America 76102
- IPO Date
- Dec 15, 2020
- CIK
- 0001819399
- Website
- tpg.com
- Similar Companies
- Business
- TPG Pace Beneficial Finance Corp. (TPGY) operates as a blank check company, or special purpose acquisition company (SPAC), whose purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company focuses on targets that combine attractive business fundamentals with, or the potential for, strong environmental, social, and governance (ESG) principles and practices; it has not conducted substantive operations other than activities related to its formation, initial public offering, and identifying a suitable business combination target. TPG Pace Beneficial Finance Corp. was incorporated in 2019 and maintains its headquarters at 301 Commerce Street, Suite 3300, Fort Worth, Texas. In December 2020, the company announced a proposed business combination with EVBox Group, a provider of electric vehicle charging solutions, at an implied enterprise value of approximately $969 million, which was mutually terminated in December 2021 due to challenging market conditions and other factors. Unable to identify and complete a suitable business combination within its required 24-month timeframe following its $350 million initial public offering in October 2020, TPG Pace Beneficial Finance Corp. announced in September 2022 its intention to redeem all outstanding Class A ordinary shares at approximately $10.01 per share and liquidate its trust account, with trading in its shares ceasing on October 7, 2022, and warrants delisted by the NYSE. The company, sponsored by an affiliate of TPG Inc., a global alternative asset manager, targeted sectors including those aligned with ESG opportunities but ultimately ceased operations without completing a merger or acquisition. It employs a small team, including key executives such as Non-Executive Chairman Karl Peterson and President Michael MacDougall, and conducted no ongoing revenue-generating activities or geographic operations beyond its U.S.-based structure.
NYSE to Suspend Trading Immediately in Warrants of TPG Pace Beneficial Finance Corp. (TPGY WS) and Commence Delisting Proceedings
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