Stratim Cloud Acquisition Corp.
SCAQW
NASDAQ Capital Market0.00
USD
+0.00
- -
CIK
0001821812
CUSIP
86309R115
Return %
Stock
S&P500
1Y
-98.41
24.99
3Y
-99.84
70.19
5Y
-99.84
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
- 369 Pine Street San Francisco CA United States of America
- IPO Date
- May 3, 2021
- CIK
- 0001821812
- Similar Companies
- Business
- Stratim Cloud Acquisition Corp. (SCAQW) operates as a blank check company whose primary business is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets, with an initial focus on the technology sector including cloud infrastructure software and SaaS for consumer and enterprise applications; it generates no significant operations or revenue prior to completing such a transaction. The company, incorporated in 2020 and headquartered in Reno, Nevada, targeted energy services provider Force Pressure Control LLC in 2023 with a binding letter of intent for a business combination involving 12 million shares of Class A common stock, $120 million in cash or notes, and up to 3 million earnout shares based on 2023 EBITDA performance, but the deal terminated later that year with Force paying a $250,000 termination fee. Stratim Cloud Acquisition subsequently liquidated in July 2023, redeeming all public shares effective July 13, 2023, with no redemption rights or distributions for warrants which expired worthless, resulting in Nasdaq delisting and the entity's dissolution without completing an acquisition.