What does Bleuacacia do?

Bleuacacia (NASDAQ:BLEU) is a SPAC (Special Purpose Acquisition Company) listed on the NASDAQ exchange. Founded in 2021, they don't have their own operations and are currently searching for a business to merge with in the premium branded consumer retail field. With around 4 employees and a market cap of around $80 million as of April 26, 2024, they raised $240 million through their IPO in November 2021. Their stock price is currently around $10.70 per share.
Bleuacacia company media

Company Snapshot

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Ownership

Public
people

Employees

9
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Sector

Financials
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Head Office

New York, United States
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Year Founded

2021

What does Bleuacacia specialise in?

/Software Development /Web Applications /App Development /IT Consultancy /Project Management /Digital Marketing

What are the products and/or services of Bleuacacia?

Overview of Bleuacacia offerings
Capital Raising: SPACs are created to raise money through an initial public offering (IPO).
Acquisition Target Search: After going public, the SPAC uses the raised funds to find and acquire a private company.
Business Combination: Once a target is identified, the SPAC merges with the private company, taking it public.
Public Listing: Through the merger, the private company gains access to the stock market and starts trading under the SPAC's ticker symbol.
Management Expertise: SPACs are often led by experienced teams who provide guidance and support to the acquired company post-merger.
Public Capital Access: By merging with a SPAC, the private company avoids the traditional IPO process and gains access to public capital markets.

Who is in the executive team of Bleuacacia?

Bleuacacia leadership team
  • Photo of Mr. Jide J. Zeitlin
    Mr. Jide J. Zeitlin
    Co-CEO & Co-Chairman
  • Photo of Mr. Lew Frankfort
    Mr. Lew Frankfort
    Co-Chairman & Co-CEO
  • Photo of Mr. Charles C. McGuigan
    Mr. Charles C. McGuigan
    President, COO & Director
  • Photo of Mr. Thomas Northover
    Mr. Thomas Northover
    Executive Director