TZP Strategies Acquisition Corp.
TZPSU
NASDAQ Capital Market10.14
USD
+0.01
- -
CIK
0001823481
ISIN
KYG915951274
CUSIP
G91595127
Return %
Stock
S&P500
1Y
2.53
26.53
3Y
-1.27
76.60
5Y
-1.27
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
- Samuel Levi Katz
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 7 Times Square New York City NY United States of America 10036
- IPO Date
- Jan 13, 2021
- CIK
- 0001823481
- Website
- tzpgroup.com
- Similar Companies
- Business
- TZP Strategies Acquisition Corp. (TZPSU) operates as a blank check company whose principal business activity is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Incorporated in 2020 and headquartered in New York, New York, the company offers no significant products or services of its own but targets initial business combinations primarily in the technology and business services industries as well as consumer products and services sectors; its sponsor, an affiliate of TZP Group Holdings, L.P., provides operational expertise from managing lower middle-market investments. Geographically, TZP Strategies Acquisition Corp. pursues targets globally while listing its units on the Nasdaq Capital Market under the TZPSU ticker, with each unit comprising one Class A ordinary share and one-third of a redeemable warrant exercisable at $11.50 per share. In a major development, the company completed a $287.5 million initial public offering in January 2021, issuing 28,750,000 units at $10.00 each, including the full exercise of the underwriter's overallotment option by Credit Suisse; however, it failed to consummate a business combination within its 24-month deadline and redeemed all outstanding Class A ordinary shares at $10.14 per share effective January 23, 2023, resulting in liquidation and the return of IPO proceeds to investors. Post-liquidation, TZPSU shares continue to trade over-the-counter at approximately $10.14 with no active operations or ongoing merger pursuits.
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