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ADERW

Closed

26 Capital Acquisition Corp

0.0065
+0.0013 (+25.00%)
Last Update: 25 Sep 2023 22:59:00
Yesterday: 0.0052
Day's Range: 0. - 0.
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26 Capital Acquisition Corp is a special purpose acquisition company (SPAC) that was founded in 2018. The company is focused on acquiring and merging with businesses in the sports, media, and entertainment industries. The company is led by Jason Ader, a well-known investor in the gaming and entertainment industries.

26 Capital Acquisition Corp raised $240 million in its initial public offering (IPO) in September 2020. The company's shares trade on the NASDAQ stock exchange under the ticker symbol "ADERU."

As a SPAC, 26 Capital Acquisition Corp has a two-year deadline to identify and acquire a target business. If the company is unable to complete a merger or acquisition within that time frame, it will be forced to return the funds raised in its IPO to shareholders.

The company has not yet announced any potential acquisition targets, but it has stated that it is looking for businesses with strong growth potential and a competitive advantage in their respective industries.

Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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