World Quantum Growth Acquisition Corp.
WQGA-UN
New York Stock Exchange10.25
USD
- -
- -
CIK
0001851174
Return %
Stock
S&P500
1Y
1.89
18.21
3Y
3.22
63.29
5Y
3.22
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
- Xavier Robert Rolet KBE
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Ugland House Grand Cayman Cayman Islands KY1-1104
- CIK
- 0001851174
- Similar Companies
- Business
- World Quantum Growth Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses. The company primarily targets the financial services and financial technology sectors in the U.S. and EMEA, as well as related technology firms supporting these sectors. Founded on March 9, 2021, and headquartered in George Town, Grand Cayman, the company does not manufacture or sell products but provides capital and strategic combination opportunities through its SPAC framework. The company’s main activity involves raising capital through an initial public offering and seeking acquisition targets in its identified sectors but has no operating business. As of early 2023, the company announced the adjournment of its extraordinary general meeting and a determination to liquidate and redeem its Class A ordinary shares, signaling the end of its SPC activities due to the inability to complete a business combination within the specified timeframe. This decision highlights significant operational changes and the company’s shift toward liquidation and delisting from public stock exchanges. World Quantum Growth Acquisition Corp. was sponsored by World Quantum Growth Acquisition LLC, with initial capital contributions from founders Xavier Rolet, Serge Harry, Michel Brogard, Delphine Brès, and Antoine Shagoury. The company’s strategic focus was on financial services and fintech sectors in the U.S. and Europe, Middle East, and Africa (EMEA) regions, targeting investments and mergers with promising technology-driven firms within these markets. In summary, World Quantum Growth Acquisition Corp. acts as a financial vehicle designed to facilitate mergers and acquisitions in targeted industry sectors, but recent developments have seen it move towards liquidation rather than completing a business combination or product/service launch.