Market Capitalization (Millions $) |
- |
Shares
Outstanding (Millions) |
15 |
Employees |
- |
Revenues (TTM) (Millions $) |
- |
Net Income (TTM) (Millions $) |
-7 |
Cash Flow (TTM) (Millions $) |
1 |
Capital Exp. (TTM) (Millions $) |
0 |
Montes Archimedes Acquisition Corp
Montes Archimedes Acquisition Corp is a special purpose acquisition company (SPAC) that was incorporated in the British Virgin Islands in December 2020. The company's primary objective is to identify, acquire, and operate a sustainable and mission-driven business that can generate substantial returns for its shareholders.
The company was founded by Enrique Cortes, a seasoned entrepreneur and investor with extensive experience in the technology and renewable energy industries. He serves as Montes Archimedes Acquisition Corpes Chairman and CEO. The SPAC's management team also includes a group of experienced professionals with backgrounds in finance, investment, and entrepreneurship.
Montes Archimedes Acquisition Corp raised $50 million in its initial public offering (IPO) on the NASDAQ stock exchange in January 2021. The SPAC's shares trade under the ticker symbol "MAACU". The funds raised in the IPO are held in a trust account and will be used to finance the acquisition of a target company.
Montes Archimedes Acquisition Corp's target acquisition is expected to be a company that operates in the areas of renewable energy, advanced materials, or industry-specific software. The target company must have a strong management team, a proven track record of growth and profitability, and a clear path to long-term sustainability.
Once Montes Archimedes Acquisition Corp acquires a target company, it will become a publicly traded entity. The SPAC's management team will work closely with the target company's management to execute its growth strategy and help it achieve its full potential. The company's long-term goal is to create substantial value for its shareholders while advancing its mission of promoting sustainable business practices.
In summary, Montes Archimedes Acquisition Corp is a SPAC founded by Enrique Cortes with the mission of identifying and acquiring a mission-driven business in the renewable energy, advanced materials, or industry-specific software sectors that can generate substantial returns for its shareholders. Its management team includes seasoned professionals with backgrounds in finance, investment, and entrepreneurship. The company raised $50 million in its IPO, and the funds will be used to acquire a target company. Ultimately, Montes Archimedes Acquisition Corp's goal is to create value for its shareholders while promoting sustainable business practices.
Company Address: 724 Oak Grove Ave Suite 130 Menlo Park 94025
Company Phone Number: 384-6558 Stock Exchange / Ticker: NASDAQ MAAC
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