| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
23 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
- |
| Net Income (TTM) (Millions $) |
7 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Group Nine Acquisition Corp is a special purpose acquisition company (SPAC) that was formed to merge with an existing company and take it public. It is affiliated with Group Nine Media, a digital media company that owns and operates several popular brands such as Thrillist, NowThis, The Dodo, and Seeker.
Group Nine Acquisition Corp was founded in 2020, with the aim of raising capital through an initial public offering (IPO) to acquire a private company. It intends to focus its search on targets within the media, technology, and telecommunications sectors, leveraging its experience and network in the digital media industry.
The management team of Group Nine Acquisition Corp is led by Ben Lerer, the CEO and co-founder of Group Nine Media. Lerer has a background in entrepreneurship and venture capital, making him well-suited to lead the SPAC's acquisition efforts.
Once Group Nine Acquisition Corp identifies a suitable target, it will negotiate a merger or acquisition deal. The goal is to provide a pathway for a private company to go public, accessing the capital markets and potentially accelerating its growth. This strategy has become increasingly popular in recent years, as it provides an alternative to a traditional IPO for companies looking to raise funds and become publicly traded.
Company Address: 568 Broadway, Floor 10 New York 10012 NY
Company Phone Number: 227-1905 Stock Exchange / Ticker: NASDAQ GNAC
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