- CEO
- Robert E. Meyerson
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1701 Pennsylvania Avenue NW Washington DC United States of America 20006
- IPO Date
- Feb 28, 2022
- Business
- C5 Acquisition Corporation (CXAC) is a blank check company formed for the purpose of effecting a merger, consolidation, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, with a focus on the space, cybersecurity, and energy transition sectors. The company offers no operational products or services of its own; instead, it provides a structured vehicle for investors seeking exposure to high-growth targets at the leading edge of national security innovation, including distributed cloud, privacy-enhancing computation, zero-trust security, continuous cyber-risk mitigation, no-code DevOps security, hyper-automation, and technologies transforming global critical infrastructure. Founded in 2021 and headquartered at 1701 Pennsylvania Avenue NW, Suite 430, Washington, DC, it targeted primarily U.S.-based opportunities leveraging sponsor C5 Capital's networks in government, defense, and technology ecosystems.
In a major development, C5 Acquisition Corporation initiated liquidation proceedings in October 2023 after terminating a non-disclosed letter of intent with a potential merger target and failing to secure a required extension deposit from its sponsor, resulting in the company becoming defunct as of October 25, 2023, with its Exchange Act registration revoked and no active SEC filings thereafter. Prior to liquidation, the company completed a $287.5 million initial public offering in January 2022, raising funds through 28.75 million units on the NYSE under ticker CXAC.U, each comprising one Class A common share and one-half redeemable warrant exercisable at $11.50; it also announced separate trading of shares and warrants in February 2022 and received NYSE noncompliance notices in 2023 related to late filings. Led by CEO Robert Meyerson, former Blue Origin president, and Non-Executive Chair Steven Demetriou, Chair and CEO of Jacobs Engineering (NYSE: J), the board included national security and technology experts such as Jeanne Tisinger, former CIA Deputy Director, with operations geographically centered in the United States.