Macondray Capital Acquisition Corp. I
DRAYU
NASDAQ Capital Market9.97
USD
+0.02
- -
CIK
0001852771
CUSIP
G5853A123
Return %
Stock
S&P500
1Y
0.20
24.99
3Y
-0.30
70.19
5Y
-0.30
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
- R. Grady Burnett
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2995 Woodside Road Woodside CA United States of America 94062
- CIK
- 0001852771
- Website
- macondraycap.com
- Similar Companies
- Business
- Macondray Capital Acquisition Corp. I (NASDAQ:DRAYU) operates as a blank check company, or special purpose acquisition company (SPAC), incorporated in the Cayman Islands for the purpose of effecting a merger, amalgamation, share exchange, share purchase, asset acquisition, reorganization, or similar business combination with one or more businesses; it focuses primarily on targets in the software, data and technology, media, and telecom (TMT) sectors with enterprise values of approximately $1.5 billion and above. The company, founded on March 15, 2021 and headquartered in Woodside, California, generates no significant operations or revenue prior to completing a business combination and maintains its IPO proceeds in trust. In December 2022, Macondray announced the redemption of its public shares at approximately $10.15 per share and liquidation effective January 6, 2023, due to failure to consummate an initial business combination within the required timeframe; despite this, its units continue trading actively as of late 2025 with a market capitalization around $358 million, a price-to-earnings ratio of 40.96x, and a 52-week range of $9.87 to $10.65, indicating ongoing market presence potentially through extensions, sponsor activities, or restructured operations.