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Last Trade
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Last Trade:
$9.91
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Change:
0.00 (0.00%)
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Trade Time:
May 17
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Market Cap:
$273.38M
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Description of Business
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We are a blank check company incorporated on February 10, 2021 as a Delaware
corporation and formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or similar business
combination with one or more businesses.
In February 2021, we issued an aggregate of 5,750,000 shares of our Class B
common stock (the "Founder Shares") to our Sponsor in exchange for a capital
contribution of $25,000, a purchase price of approximately $0.004 per share. The
number of Founder Shares issued was determined based on the expectation that
such Founder Shares would represent 20% of the outstanding shares upon
completion of our initial public offering (our "Public Offering"). The per share
purchase price of the Founder Shares was determined by dividing the amount of
cash contributed to the Company by the aggregate number of Founder Shares
issued.
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