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GTAC

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Global Technology Acquisition Corp I

11.48
0.00 (0.00%)
Last Update: 25 Oct 2024 16:30:00
Yesterday: 11.48
Day's Range: 11.48 - 11.48
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When Written:
 
10.46
Global Technology Acquisition Corp I is a special purpose acquisition company (SPAC) that was founded in 2018 with the goal of acquiring technology companies. The company is listed on the NASDAQ stock exchange under the ticker symbol "GTAC."

The management team of Global Technology Acquisition Corp I includes experienced executives and investors in the technology industry. The chairman of the company is Tom McInerney, who previously served as the CEO of Blucora and co-founded the venture capital firm, TPG Capital. The CEO of the company is Stephen Cannon, who has over 20 years of experience in investment banking and private equity.

Global Technology Acquisition Corp I raised $55 million in its initial public offering (IPO) in 2018. The company has not yet announced any specific acquisition targets, but it has stated that it is seeking to acquire a technology company that has a leading position in its market and has the potential for significant growth.

Like other SPACs, Global Technology Acquisition Corp I has a limited time frame to complete an acquisition, typically two years from the date of its IPO. If the company does not complete an acquisition within this time frame, 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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