Market Capitalization (Millions $) |
- |
Shares
Outstanding (Millions) |
30 |
Employees |
- |
Revenues (TTM) (Millions $) |
0 |
Net Income (TTM) (Millions $) |
-27 |
Cash Flow (TTM) (Millions $) |
1 |
Capital Exp. (TTM) (Millions $) |
0 |
Peridot Acquisition Corp
Peridot Acquisition Corp is a special purpose acquisition company (SPAC) that was founded with the purpose of acquiring and merging with another company. SPACs like Peridot Acquisition Corp are created solely for the purpose of raising funds through an initial public offering (IPO) to eventually acquire an existing company and take it public.
Peridot Acquisition Corp does not have any operations or commercial activities of its own but serves as a shell company with a specific focus on mergers and acquisitions. It raises capital from investors through its IPO and then aims to identify and merge with a suitable target company within a specific timeframe.
Once a target company is identified, Peridot Acquisition Corp enters into negotiations and, if successful, merges with the target company. By merging with Peridot Acquisition Corp, the target company is effectively taken public, avoiding the traditional IPO process. This provides the target company with access to public capital markets, allowing it to raise additional funds for growth and expansion.
The management team of Peridot Acquisition Corp plays a crucial role in identifying potential target companies, conducting due diligence, negotiating terms, and ensuring a successful merger. Ultimately, the goal of Peridot Acquisition Corp is to create value for its shareholders by acquiring a high-potential company and helping it achieve growth and success as a publicly traded entity.
Company Address: 2229 San Felipe Street Houston 77019 TX
Company Phone Number: 322-7310 Stock Exchange / Ticker: NYSE PDAC
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