Atlantic Coastal Acquisition Corp.
ACAHW
NASDAQ Capital Market0.02
USD
- -
- -
CIK
0001836274
ISIN
US0484531126
CUSIP
048453112
Return %
Stock
S&P500
1Y
-79.85
24.99
3Y
-97.85
70.19
5Y
-97.85
77.45
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Anthony Porcheron
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 308 Locust Street San Francisco CA United States of America 10013
- IPO Date
- Apr 26, 2021
- CIK
- 0001836274
- Similar Companies
- Business
- Atlantic Coastal Acquisition Corp. (ACAHW) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing operations beyond pursuing a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination, primarily targeting businesses in the mobility sector; it offers redeemable units comprising Class A common stock and warrants exercisable at $11.50 per share. Founded in 2020 and headquartered in New York, New York, with some references to San Francisco operations, the company focuses on financial services within the SPAC structure, serving public investors seeking exposure to future business combinations. ACAHW represents the warrants associated with Atlantic Coastal Acquisition Corp.'s (NASDAQ: ACAH) initial public offering units. The company's core offerings include publicly traded warrants (ACAHW) that provide holders the right to purchase Class A common stock post-merger, subject to expiration on March 2, 2026, alongside its trust account holding proceeds from its 2021 IPO of approximately $300 million in units. Geographically, it maintains a U.S.-centric presence, listed on Nasdaq prior to delisting, targeting North American investors and potential merger targets in mobility and related industries. In recent developments, Atlantic Coastal Acquisition Corp. received a Nasdaq delisting determination in February 2024 due to failure to file delinquent quarterly reports and hold an annual shareholder meeting, resulting in suspension of trading for ACAH and delisting of ACAHW effective February 22, 2024; the company elected not to appeal. It previously terminated a business combination with Essentium Inc. in February 2022, retaining rights to future payments including a warrant for a 5% stake. Note that Atlantic Coastal Acquisition Corp. II (ACAB), a separate entity, completed a merger with Abpro Corporation in November 2024 to form Abpro Holdings Inc. (ABP), which does not impact the original Atlantic Coastal Acquisition Corp. or its ACAHW warrants. As of late 2024, ACAH faced potential liquidation after public share redemptions, with no successful merger completed and trading halted.