TZP Strategies Acquisition Corp.
TZPS
NASDAQ Capital Market10.15
USD
+0.01
- -
CIK
0001823481
ISIN
KYG915951019
CUSIP
G91595101
Return %
Stock
S&P500
1Y
4.10
18.21
3Y
1.50
64.38
5Y
1.50
72.43
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
- Samuel Levi Katz
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 7 Times Square New York City NY United States of America 10036
- IPO Date
- Mar 12, 2021
- CIK
- 0001823481
- Website
- tzpgroup.com
- Similar Companies
- Business
- TZP Strategies Acquisition Corp. TZP Strategies Acquisition Corp. (Nasdaq: TZPS) operates as a blank check company with no significant ongoing business operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities, primarily targeting companies in the technology and business services sectors as well as consumer products and services industries. The company offers no current products or services beyond its SPAC structure, which includes Class A ordinary shares and redeemable warrants exercisable at $11.50 per share following unit separation. Incorporated in 2020 as a Cayman Islands exempted company and based in New York, New York, TZP Strategies Acquisition Corp. is sponsored by affiliates of TZP Group Holdings, L.P., a private equity firm founded in 2007 that manages approximately $2.0 billion in committed capital across its strategies. The company completed its initial public offering in January 2021, raising $287.5 million through the sale of 28.75 million units at $10.00 per unit underwritten by Credit Suisse Securities (USA) LLC, with units trading under TZPSU, shares under TZPS, and warrants under TZPSW on the Nasdaq Capital Market. It initially targeted lower-middle market opportunities leveraging TZP Group's operator-driven investment approach. In a major development, TZP Strategies Acquisition Corp. announced in early 2023 that it would redeem all outstanding public shares and not consummate an initial business combination, with shares deemed cancelled as of January 23, 2023, and redemption proceeds distributed to shareholders. This liquidation followed the expiration of its deadline to complete a merger without identifying a target, marking the end of its active SPAC phase. The company maintains no ongoing geographic operations beyond its U.S. listing and sponsor ties, with TZP Group continuing independent activities in private equity investments such as the recapitalization of Force Management in sales training solutions.
Stemming from SEC Guidance Concerning Balance Sheet Treatment of Warrants, TZP Strategies Acquisition Corp. Announces Receipt of Nasdaq Continued Listing Standard Notice