Stratim Cloud Acquisition Corp.
SCAQU
NASDAQ Capital Market10.17
USD
+0.17
- -
CIK
0001821812
ISIN
US86309R2067
CUSIP
86309R206
Return %
Stock
S&P500
1Y
3.72
24.99
3Y
1.65
70.19
5Y
1.65
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
- Sreekanth Ravi
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 100 West Liberty Street Reno NV United States of America 89501
- IPO Date
- Mar 12, 2021
- CIK
- 0001821812
- Similar Companies
- Business
- Stratim Cloud Acquisition Corp. (SCAQ) operates as a blank check company, or special purpose acquisition company (SPAC), formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, with a focus on the technology sector including cloud infrastructure software, information security, and SaaS applications; the company generates no significant operations or revenues prior to completing a business combination. Incorporated in 2020 as a Delaware corporation and headquartered in Incline Village, Nevada, Stratim Cloud raised $250 million in its initial public offering in March 2021 by issuing 25 million units at $10 each, underwritten by BofA Securities and Cowen. The company targeted growth-oriented software firms but has no current active products or services beyond holding cash equivalents in trust for potential acquisitions. In a major development, Stratim Cloud entered a definitive business combination agreement in March 2023 with Force Pressure Control LLC, a provider of pressure control rental tools and services to the oil & gas industry valuing the target at a $240 million enterprise value; the deal included 12 million shares of SCAQ Class A common stock, up to $120 million in cash or notes, and earnouts tied to 2023 EBITDA, with Force's management retaining at least 50% ownership post-merger. However, Force terminated the agreement on June 27, 2023, paying Stratim Cloud a $250,000 termination fee, after which Stratim Cloud announced it could not identify and close an alternative transaction before its September 2023 deadline; the company redeemed all public shares effective July 13, 2023, with warrant holders receiving no distributions as warrants expired worthless, marking its liquidation and delisting from Nasdaq. As of late 2025, SCAQU units continue to appear in select over-the-counter quotations trading near $10 but reflect no ongoing operations following the liquidation.
Stratim Cloud Acquisition Corp. Receives Expected Notice from Nasdaq Regarding Delayed Filing of Quarterly Report