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SMAP

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Sportsmap Tech Acquisition Corp

24.5837
+0.2819 (+1.16%)
Last Update: 01 Jul 2025 23:10:00
Yesterday: 24.3018
Day's Range: 24.5837 - 24.5837
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When Written:
 
10.41
Sportsmap Tech Acquisition Corp is a special purpose acquisition company (SPAC) that was formed in 2021 with the purpose of acquiring or merging with one or more businesses in the sports technology industry. The company is led by CEO and Chairman Eric Grubman, a former NFL executive, and President and Director David Abrams, a veteran investor.

The SPAC raised $200 million in its initial public offering (IPO) in February 2021, and its shares trade on the NASDAQ under the ticker symbol SPTKU. The company has a two-year window to identify and complete a merger or acquisition, after which it will be required to return the funds to its investors.

Sportsmap Tech Acquisition Corp aims to focus on companies that are involved in areas such as sports data analytics, esports, sports betting, and media. The company believes that the growing trend towards digitalization and the increasing use of technology in the sports industry presents significant opportunities for growth and innovation.

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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