VPC Impact Acquisition Holdings II
VPCBU
NASDAQ Capital Market10.26
USD
- -
- -
CIK
0001840792
ISIN
KYG9460L1005
CUSIP
G9460L100
Return %
Stock
S&P500
1Y
4.00
18.21
3Y
2.60
63.29
5Y
2.60
74.90
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
- Brendan Francis Carroll
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 150 North Riverside Plaza Chicago IL United States of America 60606
- IPO Date
- Mar 5, 2021
- CIK
- 0001840792
- Website
- victoryparkcapital.com
- Similar Companies
- Business
- VPC Impact Acquisition Holdings II operates as a blank check company whose purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting high-growth fintech companies with operations predominantly outside the United States and enterprise values between $800 million and $3 billion; it currently conducts no significant operations and generates no revenues. The company, founded in 2020 and headquartered in Chicago, Illinois, was sponsored by an affiliate of Victory Park Capital Advisors LLC, a global alternative investment firm; its leadership includes Co-Chief Executive Officers Brendan Carroll and Gordon Watson, Chairman John Martin, Chief Financial Officer Carly Altieri, and independent directors Kai Schmitz and Albert Periu, who bring extensive experience in fintech investing, private credit, and financial services. VPC Impact Acquisition Holdings II priced its initial public offering of 22.5 million units at $10 each in March 2021 under the Nasdaq ticker VPCBU, raising approximately $225 million in gross proceeds before underwriting discounts. The company pursued a potential merger with FinAccel Pte Ltd., the parent of Indonesian fintech Kredivo, valuing the combined entity at $2.5 billion, but the deal did not proceed. In March 2023, facing failure to complete an initial business combination within its mandated timeframe, VPC Impact Acquisition Holdings II announced the redemption of all outstanding Class A ordinary shares at approximately $10.21 per share on March 21, 2023, ceased trading on Nasdaq, delisted its securities, and entered liquidation proceedings under voluntary liquidators from Alvarez & Marsal Cayman Islands Limited; a $7 million class action settlement related to the liquidation's residual asset distribution received final court approval in August 2024.