Corner Growth Acquisition Corp. 2
TRONU
NASDAQ Capital Market12.20
USD
-0.10
- -
CIK
0001847513
ISIN
KYG2426E1127
CUSIP
G2426E112
Return %
Stock
S&P500
1Y
10.91
26.53
3Y
21.39
76.60
5Y
21.27
80.11
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.- CEO
- Marvin Tien
- Full Time Employees
- 6
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 251 Lytton Avenue Palo Alto CA United States of America 94301
- IPO Date
- Jun 17, 2021
- CIK
- 0001847513
- Website
- cgac2.cornergrowth.com
- Similar Companies
- Business
- Corner Growth Acquisition Corp. 2 is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands and headquartered in Albany, New York, formed for the purpose of effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations primarily with entities in the technology sector. The company focuses on identifying and completing business combinations with companies in industries such as fintech, healthtech, artificial intelligence, and robotics, targeting markets in the United States and other developed countries. Corner Growth Acquisition Corp. 2 does not engage in commercial operations or generate revenue on its own but offers investors an opportunity to participate in potential business combinations through its publicly listed shares and warrants on the NASDAQ (Ticker: TRONU). The company raised $350 million in its initial public offering in December 2020. Recent major changes include a significant change in sponsorship occurring in August 2024 with the transfer of shares from the original sponsor, CGA Sponsor, LLC, to Ringwood Field, LLC, resulting in a board majority shift and ongoing strategic realignment. The company is actively working to complete a business combination, having recently secured a $1 million loan agreement with Connor Square, LLC, to provide working capital, and extended deadlines for business combination completion into late 2025. The company also faced Nasdaq delisting in August 2024 due to delays in consummating a business combination but is pursuing re-listing and has undertaken shareholder meetings and equity buyback programs to support these efforts. The focus remains on finalizing a merger with suitable technology industry targets to maximize shareholder value.
Corner Growth Acquisition Corp. 2 Announces Pricing of $175 Million Initial Public Offering