Waverley Capital Acquisition Corp. 1
WAVC
New York Stock Exchange10.43
USD
-0.01
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Waverley Capital Acquisition Corp. 1
WAVC
(New York Stock Exchange)
Recent
price
10.43
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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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.- Similar Companies
- Business
- Waverley Capital Acquisition Corp. 1 operates as a blank check company whose principal activity centers on pursuing mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses, with a focus on the media, entertainment, and technology industries; it conducts no significant operations and generates no revenues pending such a transaction. Incorporated in 2021 as a Cayman Islands exempted company and headquartered in Palo Alto, California, the company is sponsored by WCAC1 Sponsor LLC, an affiliate of Waverley Capital, L.P., a venture capital firm led by co-founders Edgar Bronfman Jr. and Daniel V. Leff. In August 2023, following the failure to complete an initial business combination within 24 months of its August 2021 initial public offering of $200 million, the company announced the redemption of all its outstanding Class A ordinary shares at approximately $10.37 per share effective September 8, 2023, ceased trading on the New York Stock Exchange on August 24, 2023, and proceeded to wind up operations, with its securities delisted thereafter.
Waverley Capital Acquisition Corp. 1 Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination