Market Capitalization (Millions $) |
- |
Shares
Outstanding (Millions) |
20 |
Employees |
- |
Revenues (TTM) (Millions $) |
- |
Net Income (TTM) (Millions $) |
4 |
Cash Flow (TTM) (Millions $) |
1 |
Capital Exp. (TTM) (Millions $) |
0 |
Endurance Acquisition Corp.
Endurance Acquisition Corp. is a special purpose acquisition company (SPAC) based in New York City, focused on acquiring disruptive companies that operate in the technology or technology-enabled services industry. The company was founded in 2020 by James Cassel, an experienced investment banker, and Zoltan Varga, an experienced technology entrepreneur.
As a SPAC, Endurance Acquisition Corp. was created solely for the purpose of raising capital through an initial public offering (IPO) and using the proceeds to acquire or merge with an existing private company, typically within a two-year timeframe. Once a merger or acquisition is completed, the private company becomes publicly traded through Endurance Acquisition Corp.
Endurance Acquisition Corp.'s IPO was completed in December 2020, raising $300 million through the sale of units consisting of one share of common stock and one-third of a warrant. The company's common stock is traded on the New York Stock Exchange (NYSE) under the ticker symbol "EDNC".
Endurance Acquisition Corp. has stated that it is seeking to acquire a company that has a strong management team, a clear path to growth, and a proven business model. The company's management team has experience in the technology and financial industries, providing them with the knowledge and expertise to identify potential acquisition targets that are well-positioned for future growth.
The company's board of directors includes industry leaders such as Nancy Altobello, who has served as the global vice chair of Talent at Ernst & Young, and Sir Martin Sorrell, the founder and former CEO of advertising giant WPP plc.
Endurance Acquisition Corp. has not yet announced a target company for acquisition, but the company has stated that it is currently evaluating potential targets and that it is in talks with several companies that operate in the technology or technology-enabled services industry.
In summary, Endurance Acquisition Corp. is a SPAC focused on acquiring or merging with a technology or technology-enabled services company. The company's experienced management team and board of directors are well-suited to identify potential acquisition targets with strong management teams, a clear path to growth, and a proven business model.
Company Address: 630 Fifth Avenue, 20th Floor New York 10111 NY
Company Phone Number: 585-8975 Stock Exchange / Ticker: NASDAQ EDNC
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