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Edify Acquisition Corp
10.92
0.00 (0.00%)
Last Update: 22 Mar 2024 16:30:00
Yesterday: 10.92
Day's Range: 10.92 - 10.92
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When Written:
10.25
Edify Acquisition Corp is a special purpose acquisition company (SPAC) that was formed in 2020 with the aim of acquiring a company in the technology, media, and telecommunications (TMT) industries. The company raised $150 million through an initial public offering (IPO) in October 2020. The company is led by CEO and Chairman Peter Ma, who previously served as the CEO of AirMedia Group, a leading provider of digital media platforms in China.
Edify Acquisition Corp has not yet announced any specific acquisition targets, but the company's prospectus states that it intends to focus on companies that are "well-positioned to benefit from the digital transformation of the TMT industries." The company's management team has extensive experience in the TMT sectors and has a track record of successful investments and acquisitions.
As a SPAC, Edify Acquisition Corp has a two-year period to identify and complete an acquisition. If the company is unable to find a suitable target within that timeframe, it will be required to return the funds raised in its IPO to its investors.
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.
Edify Acquisition Corp has not yet announced any specific acquisition targets, but the company's prospectus states that it intends to focus on companies that are "well-positioned to benefit from the digital transformation of the TMT industries." The company's management team has extensive experience in the TMT sectors and has a track record of successful investments and acquisitions.
As a SPAC, Edify Acquisition Corp has a two-year period to identify and complete an acquisition. If the company is unable to find a suitable target within that timeframe, it will be required to return the funds raised in its IPO to its investors.
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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