Warburg Pincus Capital Corporation I-B
WPCB-WT
New York Stock Exchange0.00
USD
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Warburg Pincus Capital Corporation I-B
WPCB-WT
(New York Stock Exchange)
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ROIC.AI
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- Business
- Warburg Pincus Capital Corporation I-B (WPCB-WT) operates as a blank check company sponsored by Warburg Pincus LLC, a leading global private equity firm; it has no significant operations and exists solely to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more unidentified businesses, focusing on subspecialties including FinTech, cybersecurity, EdTech, payments, information services, tech-enabled supply chain and logistics, regulatory compliance, and Healthcare Information Technology (HCIT). Incorporated in the Cayman Islands in December 2020 and headquartered at 450 Lexington Avenue, New York, NY, the company completed its initial public offering in March 2021, raising $500 million through 50 million units at $10 each, including Class A ordinary shares and redeemable warrants (such as WPCB-WT, each exercisable for one Class A share). In February 2023, it announced the redemption of all outstanding Public Shares at approximately $10.20 per share effective March 10, 2023, and ceased operations without consummating an initial business combination due to failure to meet the deadline under its Amended and Restated Memorandum and Articles of Association; thereafter, it proceeded to liquidate and dissolve, retaining minimal funds for dissolution expenses while extinguishing public shareholders' rights and providing no redemption for warrants.