FTAC Zeus Acquisition Corp.
ZING
NASDAQ Global Market10.49
USD
+0.00
- -
FTAC Zeus Acquisition Corp.
ZING
(NASDAQ Global Market)
Recent
price
10.49
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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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
- FTAC Zeus Acquisition Corp. (NASDAQ: ZING) operates as a blank check company, or special purpose acquisition company (SPAC), whose primary purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses; it targets high-growth technology and financial technology (fintech) companies. The company holds no current operating businesses or significant products and services beyond its trust account proceeds raised through its initial public offering, which consists of cash equivalents and U.S. Treasury securities available for an initial business combination. FTAC Zeus Acquisition Corp. focuses on businesses in sectors driving digital transformation, such as payments, lending and blockchain technologies, with target markets encompassing technology and fintech enterprises primarily in North America. Founded in 2020 and headquartered in Philadelphia, Pennsylvania, FTAC Zeus Acquisition Corp. completed an upsized initial public offering in November 2021, raising $402.5 million through the sale of 40.25 million units at $10 each, including the full exercise of the over-allotment option; each unit comprises one Class A ordinary share and one-half redeemable warrant exercisable at $11.50 per whole share. In recent developments, the company entered a non-binding letter of intent for a potential business combination in late 2022, which automatically extended its termination date from May 23, 2023, to August 23, 2023; however, it canceled multiple special shareholder meetings in December 2022 and August 2023 due to high redemption levels reducing trust account funds below required thresholds, ultimately leading to its liquidation on August 23, 2023, without completing a de-SPAC merger. As of late 2025, ZING shares continue to trade on NASDAQ, reflecting post-liquidation market activity with a recent price around $10.49, though the entity no longer pursues active acquisition efforts.