Parabellum Acquisition Corp.
PRBM
New York Stock Exchange9.95
USD
-0.05
- -
CIK
0001848165
ISIN
US69901P1093
CUSIP
69901P109
Return %
Stock
S&P500
1Y
0.91
25.65
3Y
1.53
70.81
5Y
1.53
77.43
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
- Narbeh Derhacobian
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 3811 Turtle Creek Boulevard Dallas TX United States of America 75219
- IPO Date
- Oct 26, 2021
- CIK
- 0001848165
- Website
- parabellumac.com
- Similar Companies
- Business
- Parabellum Acquisition Corp. (NYSE: PRBM) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, primarily those possessing proprietary technologies in the Internet of Things (IoT) sector across consumer, industrial, automotive and medical markets valued between $300 million and $1 billion; it offers no current operational products or services beyond its SPAC structure, which holds trust proceeds from its initial public offering for deployment in a target acquisition. Founded in 2021 and headquartered in Dallas, Texas, the company initially targeted IoT opportunities globally. In a major development, Parabellum entered a definitive business combination agreement with EnOcean GmbH, a Germany-based energy harvesting IoT device maker for smart buildings, in November 2022, valuing EnOcean at $120 million with expected gross proceeds of approximately $146.5 million; however, the deal terminated in April 2023 due to failure to secure at least $30 million in PIPE financing by February 2023 amid high redemptions of 83%, prompting the company to liquidate its trust and redeem outstanding shares rather than pursue alternative targets before its May 2023 deadline.