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Newcourt Acquisition Corp  (NCAC)
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    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $4.7900 $-0.90 -15.743%
Day's High: $6.28 Week Perf: -27.97 %
Day's Low: $ 4.58 30 Day Perf: -59.64 %
Volume (M): 92 52 Wk High: $ 14.55
Volume (M$): $ 440 52 Wk Avg: $10.46
Open: $6.28 52 Wk Low: $4.58



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

Newcourt Acquisition Corp
Newcourt Acquisition Corp is a special purpose acquisition company (SPAC) founded with the purpose of merging or acquiring an existing business. As a SPAC, it doesn't have any operations or assets of its own but raises funds through an initial public offering (IPO) to be used for acquiring a target company.

Newcourt Acquisition Corp typically seeks to acquire a company in a specific industry or sector, based on the expertise and experience of its management team. The target company can be a private company looking to go public or a public company seeking to be taken private.

Once the funds are raised through the IPO, Newcourt Acquisition Corp enters into negotiations with potential target companies for a merger or acquisition. The specific terms and conditions of the deal are decided between the two parties and require shareholder approval.

Upon completion of the merger or acquisition, the target company becomes a publicly traded entity under Newcourt Acquisition Corp's name, and its shares begin trading on a stock exchange. This process allows privately held companies to access public markets and raise capital, while also providing investors an opportunity to invest in potentially promising businesses.


   Company Address: 2201 Broadway Oakland 94612 CA
   Company Phone Number: 271-4617   Stock Exchange / Ticker: NASDAQ NCAC
   NCAC is expected to report next financial results on March 21, 2024.


   

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Announcement

Newcourt Acquisition Corp Faces Delay in Psyence Group Inc. Business Combination Closure Process

Published Tue, Jan 23 2024 4:39 AM UTC

Newcourt Acquisition Corp Faces Delay in Business Combination Closure ProcessIn a recent press release, Newcourt Acquisition Corp (Newcourt) (NASDAQ: NCAC) has announced that the necessary conditions for closing their business combination, as outlined in the Amended and Restated Business Combination Agreement, have yet to be satisfied. This means that the anticipated merger ...

Newcourt Acquisition Corp

Newcourt Acquisition Corp Faces Operating Shortfall of $0.771493 Million in Q1 2023

Newcourt Acquisition Corp (NCAC) shareholders aren't anticipating any changes in revenue during the January to March 2023 reporting season. However, they have noticed an operating shortfall of $-0.771493 million during the same period. This emerging growth company has yet to declare its top-line, but in order to place current results into context, it is best to compare them with business efforts from the first quarter of 2022. During that time, the company reported an operating shortfall of $-0.326902 million.
The present challenge for an emerging organization like NCAC is whether it has adequate reserves to cultivate prospective revenue streams. A net deficit of $2.953 million in the fiscal period ending March 31 2023 raises several red flags for stakeholders. On August 14, 2023, Newcourt Acquisition Corp is expected to report its most recent financial numbers.






 




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