XPAC Acquisition Corp.
XPAXW
NASDAQ Capital Market0.09
USD
+0.01
- -
CIK
0001853397
Return %
Stock
S&P500
1Y
-43.37
26.84
3Y
-87.82
77.03
5Y
-87.82
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001853397
- Similar Companies
- Business
- XPAC Acquisition Corp. is a special purpose acquisition company (SPAC) originally formed to effect mergers, acquisitions, share exchanges, or similar business combinations primarily within Brazil. The company is sponsored by XPAC Sponsor LLC, an affiliate of XP Inc., a leading technology-driven platform providing financial products and services in Brazil. XPAC's business focus spans target sectors including healthcare, financial services, education, consumer goods and retail, and technology within the Brazilian market. The company raises capital through initial public offerings, with its 2021 IPO raising $200 million to pursue strategic acquisitions. XPAC does not manufacture or sell products but acts as an investment vehicle designed to unlock value through strategic transactions in growth-oriented Brazilian sectors. In July 2023, XPAC Acquisition Corp. underwent significant structural changes including a sale of sponsor economics to J. Streicher Holdings, LLC and a change in management, with the new sponsor assuming operational control. This transition was accompanied by a planned name change to Zalatoris II Acquisition Corp. and strategic extensions of transaction deadlines to enable further business combination opportunities. These changes marked a shift in sponsorship, management team, and strategic direction, positioning the company for extended engagement in business combination activities. The company remains headquartered in New York, New York, and was incorporated in 2021. XPAC Acquisition Corp.’s role as a SPAC limits it to investment activities rather than direct product or service offerings, focusing its value creation on mergers and acquisitions in sectors that demonstrate long-term growth potential and ESG alignment within the Brazilian economy. Its operations reflect ongoing efforts to leverage its sponsor's platform and expertise to identify synergistic opportunities in relevant industries. The company’s latest major developments emphasize sponsor transition, shareholder engagement in extension votes, and rebranding aligned with its extended mandate for business combination transactions. Hence, XPAC Acquisition Corp. functions as an investment acquisition vehicle specializing in fostering growth in Brazil’s dynamic sectors via strategic mergers and acquisitions, recently evolving through sponsor transfer and name change to enhance its market positioning and operational framework.