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Progress Acquisition Corp
10.35
0.00 (0.00%)
Last Update: 17 May 2023 16:30:00
Yesterday: 10.35
Day's Range: 10.35 - 10.35
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When Written:
10.47
Progress Acquisition Corp is a special purpose acquisition company (SPAC) that was formed to acquire one or more businesses in the technology, media, and telecommunications (TMT) industries. The company was founded in 2020 by CEO Michael Zeisser, who previously served as chairman of investments at Alibaba Group Holding Ltd.
The company raised $250 million in its initial public offering (IPO) in December 2020, with the aim of using the funds to acquire a TMT company. Progress Acquisition Corp's management team has extensive experience in the TMT sector and has a track record of successful investments in the industry.
As a SPAC, Progress Acquisition Corp has a limited time frame to identify and complete an acquisition, typically within two years of its IPO. Once an acquisition target is identified, the company will negotiate a merger or acquisition with the target company, which will then become a publicly traded company through the SPAC's listing on a stock exchange.
Overall, Progress Acquisition Corp is a newly formed SPAC with a focus on acquiring companies in the TMT sector, led by an experienced management team with a strong track record in the industry.
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.
The company raised $250 million in its initial public offering (IPO) in December 2020, with the aim of using the funds to acquire a TMT company. Progress Acquisition Corp's management team has extensive experience in the TMT sector and has a track record of successful investments in the industry.
As a SPAC, Progress Acquisition Corp has a limited time frame to identify and complete an acquisition, typically within two years of its IPO. Once an acquisition target is identified, the company will negotiate a merger or acquisition with the target company, which will then become a publicly traded company through the SPAC's listing on a stock exchange.
Overall, Progress Acquisition Corp is a newly formed SPAC with a focus on acquiring companies in the TMT sector, led by an experienced management team with a strong track record in the industry.
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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