CSIMarket Company Name, Ticker, Customers, else..
 
Aspac I Acquisition Corp   (NASDAQ: ASCAU)
Other Ticker:  
 
    Sector • Financial    Industry • Blank Checks
   Industry • Blank Checks
   Sector • Financial
 
Price: $2.9600 $-7.59 -71.943%
Day's High: $11.65 Week Perf: -71.4 %
Day's Low: $ 2.60 30 Day Perf:
Volume (M): 17 52 Wk High: $ 12.40
Volume (M$): $ 51 52 Wk Avg: $9.68
Open: $8.49 52 Wk Low: $2.60



 Market Capitalization (Millions $) 11
 Shares Outstanding (Millions) 4
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 1
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Aspac I Acquisition Corp
Aspac I Acquisition Corp is a special purpose acquisition company (SPAC) that was formed for the purpose of acquiring a target company or business. It is listed on a stock exchange and was established with the intention of merging with or acquiring an operating business to enable it to go public.

The company is typically formed by a team of experienced executives or investors who have expertise in a specific industry or sector. Aspac I Acquisition Corp raises funds from initial public offerings (IPOs) to be used for the acquisition of a target company.

Once the IPO is complete, Aspac I Acquisition Corp has a specified period of time, typically two years, to identify and complete a merger or acquisition. During this time, the management team conducts due diligence on potential target companies and negotiates terms for the acquisition.

If a suitable target is found, the management team presents the proposed merger or acquisition to the company's shareholders for approval. Once the transaction is approved, Aspac I Acquisition Corp merges with or acquires the target company, enabling it to become a publicly traded entity.

In summary, Aspac I Acquisition Corp is a SPAC that was established to identify and acquire a target company, with the ultimate goal of allowing the target company to go public.


   Company Address: Level 39 Marina Boulevard 18983
   Company Phone Number: 6818 5796   Stock Exchange / Ticker: NASDAQ ASCAU


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
• View Complete Report
   



Aspac I Acquisition Corp

Aspac I Acquisition Corp Experiences Operating Shortfall in Q3 2023 Amidst Challenging Market Conditions



As financial results continue to be announced for the fiscal period of July to September 2023, several companies, including those in the Blank Checks sector, have reported their earnings. This article focuses on the financial results of ASCAU and aims to interpret how these results may impact Aspac I Acquisition Corp in the future.
Operating Shortfall:
ASCAU, an ascending company in the Blank Checks sector, reported an operating shortfall of $-0.377717 million for the most recent fiscal period. While the company's top-line revenue has not been revealed yet, it is essential to understand its corporate achievement by comparing it with the performance of the third quarter of 2022. During that period, Aspac I Acquisition Corp recorded an operating shortfall of $-0.106551 million.
Aspac I Acquisition Corp

Aspac I Acquisition Corp Reports Operating Shortfall in Q2 2023


Introduction
ASC Acquisition Corp (ASCAU), a relatively unknown player in the Blank Checks industry, recently released its earnings report for the second quarter of 2023. While the company reported an operating shortfall, the markets are optimistic about its future prospects. This article will delve into ASCAU's financial performance and explore why investors remain hopeful despite a lack of reported revenues.
Operating Shortfall and Growth Potential
ASCAU revealed an operating shortfall of $-0.366999 million in the second quarter of 2023. However, market analysts believe that the true value lies in the company's future business model, which is anticipated to be unveiled in the near future. This anticipation outweighs any concerns regarding the company's recent organizational and operational excellence.
Aspac I Acquisition Corp

Aspac I Acquisition Corp Shocks Investors with Unexpected Business Modifications and Operating Deficit in Q1 2023 Earnings Report

Aspac I Acquisition Corp (ASCAU) is a blank checks company that went public recently. Blank checks companies are also known as Special Purpose Acquisition Companies (SPACs). They raise funds through an IPO and then use these funds to acquire a private company. The acquisition allows the private company to go public and saves the time and cost required for a traditional IPO. ASCAU raised $200 million in its IPO and is focused on the Asia-Pacific region.
According to reports, ASCAU made some modifications to its business during the earnings cycle of fiscal January to March 31, 2023. The investors were not expecting these changes and were surprised by the operating deficit of $-0.510548 million during the matching time. This, coupled with the fact that ASCAU has not disclosed its revenue so far, has caused shareholders to be concerned about the company's financial performance.









Help

About us

Advertise
CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2025 CSIMarket, Inc. All rights reserved.

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com