| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
38 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
- |
| Net Income (TTM) (Millions $) |
23 |
| Cash Flow (TTM) (Millions $) |
2 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Qell Acquisition Corp is a special purpose acquisition company (SPAC) founded by Barry Engle, Janice Hester Amey, and Sam Gabbita in 2020. The company is based in San Francisco, California, and specializes in acquiring promising technology companies in the automotive and mobility sectors.
The purpose of a SPAC is to raise capital through an initial public offering (IPO) and then use the funds to acquire a target company within a specified period of time. Qell Acquisition Corp raised $345 million in its IPO in August 2020, which it intends to use to acquire a target company that has strong potential for growth and profitability.
The company's leadership team includes Barry Engle, who serves as CEO and co-chairman, and Janice Hester Amey, who is co-chairman and president. Engle has more than 30 years of experience in the automotive industry, having held executive positions at General Motors, Ford, and Navistar. Amey has more than 25 years of experience in finance and investment banking, having worked for companies such as Citigroup and Lehman Brothers.
Qell Acquisition Corp's focus on the automotive and mobility sectors is driven by the belief that these industries are poised for significant growth and transformation in the coming years. Some of the technologies that Qell Acquisition Corp is interested in include electric and autonomous vehicles, advanced sensors and software, and other types of mobility solutions.
The company has not yet announced any specific acquisition targets, but it has stated that it intends to pursue companies at various stages of development, including early-stage startups, mid-stage growth companies, and established businesses. Qell Acquisition Corp's goal is to identify companies with innovative technologies and strong management teams, and then help them achieve their full potential through its expertise, resources, and network.
Overall, Qell Acquisition Corp is a well-funded and experienced SPAC that has the potential to make significant investments in the automotive and mobility sectors. Its leadership team brings a wealth of knowledge and expertise to the table, and the company has a strong focus on identifying promising companies and helping them grow and succeed over the long term.
Company Address: 505 Montgomery Street Suite 1100 San Francisco 94111 CA
Company Phone Number: 874-3000 Stock Exchange / Ticker: NASDAQ QELL
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