Altitude Acquisition Corp.

Last price update: 13 Mar 24 22:00 GMT

Price:
$10.12
Open:
$10.15
Previous close:
$10.25
Day's range:
$10.12 - $10.15
Year's range:
$9.97 - $10.45
Net Income per Share:
0.18
Price-to-Earnings ratio:
56.22
52-week Price Range:
$10.20
Volume:
$68,972.00
Average volume:
$2,354.00

Company profile for Altitude Acquisition Corp.

Altitude Acquisition Corp. logo

Altitude Acquisition Corp. is a publicly traded special purpose acquisition company, or SPAC, that was incorporated in 2020 and is headquartered in Atlanta, Georgia. The company was founded by a group of seasoned entrepreneurs and investors, including Chris Liddell, who is the current executive chairman. The company does not have significant operations and is focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Altitude Acquisition Corp. has identified the travel, travel technology and travel-related businesses as its primary focus areas.

The company has raised $250 million in its initial public offering and has a total of $300 million in trust, which is held by a third-party trust company. This capital is available to finance the acquisition of a target business or businesses, and Altitude Acquisition Corp. has already identified several potential targets. In addition, the company has established a $50 million private placement financing facility, which gives it additional capital to pursue its acquisition strategy.

Altitude Acquisition Corp. is led by a highly experienced and knowledgeable management team. In addition to Chris Liddell, the executive chairman, the team includes CEO Mark Joseph, CFO David B. O’Connor, and COO David H. Karp. The team has extensive experience in the travel and travel technology industries, as well as in public and private M&A transactions.

Altitude Acquisition Corp. is also supported by a strong board of directors. The board is comprised of experienced industry veterans and entrepreneurs, including former CFO of Microsoft and current executive chairman of Altitude Acquisition Corp. Chris Liddell, former CEO of Expedia Inc. and current board member Dara Khosrowshahi, and former CEO of Starwood Hotels & Resorts Worldwide and current board member Frits van Paasschen.

Altitude Acquisition Corp. is well-positioned to capitalize on the growing travel and travel technology industries. With its experienced management team, strong board of directors, and substantial capital resources, the company is poised to successfully acquire and integrate one or more businesses.

Stock exchanges:
NASDAQ
Sector:
Financial Services
Industries:
Shell Companies
Ticker:
ALTU
CIK:
1822366
ISIN:
US02156Y1038
Website:
https://www.altitudeac.com
Phone:
800 950 2950
Origin:
United States
Employees:
0