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Rocket Lab USA (NASDAQ: RKLB) , the creator of the Electron orbital rocket, went public by merging with a special purpose acquisition company (SPAC) three years ago. Like many other SPAC-backed companies, Rocket Lab set the bar too high during its pre-merger investor presentation. It relocated its headquarters to California in 2013.
With an enterprisevalue of $5.1 The Houston-based company was founded in 2013, signed three major contracts with NASA, and went public by merging with a special purpose acquisition company ( SPAC ) in 2023. That lack of new contracts caused it to miss its pre-merger expectations by a mile.
MTY Food Group: A serial acquirer MTY Food Group has made 50 acquisitions since 1999, including 27 over the last decade. While companies that rely upon megamergers or one-off jumbo acquisitions to fuel their growth often disappoint, serial acquirers like MTY often prove to be outperforming propositions. percentage points.
” Visit SouthWorth’s Profile “Cottonwood Acquisitions is a family office partnership focused on investing in small to mid-sized businesses. Cottonwood seeks to partner with talented management teams to create value with a long term investment horizon.”
Oklo (NYSE: OKLO) , a nuclear power start-up backed by OpenAI CEO Sam Altman, went public by merging with a special purpose acquisition company (SPAC) on May 10, 2024. Oklo was founded in 2013 by MIT graduates Jacob DeWitte and Caroline Cochran. Without any revenue, Oklo is a difficult company to properly value.
But Chad Rigetti, who founded the company in 2013, stepped down as its president, CEO, and director in December 2022. IonQ and Rigetti both went public by merging with special purpose acquisition companies ( SPACs ), and they missed their rosy pre-merger estimates. Both stocks are richly valued.
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