Executive Network Partnering Corp
â DelistedTrust Size
$345M
Peak Price
$10.00
Current Price
$0.00
Return
0.0%
Peak Market Cap
$345M
What Happened
Former House Speaker Paul Ryan's SPAC raised $345 million but failed to find a merger target and liquidated quietly.
Executive Network Partnering Corp was sponsored by former House Speaker Paul Ryan, making it the most politically prominent SPAC of the era. The SPAC raised $345 million in its 2020 IPO.
Ryan's involvement brought instant credibility and media attention. As a former Speaker and VP nominee, he had deep connections across government and corporate America.
But connections and prestige didn't translate to a completed deal. ENPC explored several potential targets but failed to reach agreement. The SPAC market's deterioration made potential targets increasingly reluctant to go public via blank-check companies.
ENPC liquidated and returned its $345 million trust to shareholders. For Ryan, it was a quiet end to a venture that had attracted significant attention.
Key People
Paul Ryan
Chairman & Co-Sponsor
Former Speaker of the House, 2012 VP nominee
Solamere Capital
Associated Entity
PE firm linked to Mitt Romney family
Timeline
2020-09-17
SPAC IPO raises $345M
2022-06-01
Explores targets in tech, finance, healthcare
2023-03-01
Liquidates and returns cash to shareholders
â Celebrity SPAC
This SPAC featured celebrity involvement â a common pattern during the 2020-2021 mania where famous names lent credibility to blank-check companies.
ð SEC Filings
View all EDGAR filings for Executive Network Partnering Corp
Risk Scores
Dilution Score
10/100
Insider Profit Index
5/100