What Happened to SBC Medical Group Holdings?
Ticker: SBCSPAC Year: 2022Merger: 2024
Return
-61.0%
Current Price
$3.9
Peak Price
$36.52
Trust Size
$321M
Summary
SBC Medical Group Holdings Inc filed its S-1 registration in 2022 and completed its business combination in 2024. The company remains actively traded with 212 SEC filings on record.
What Happened
SBC Medical Group Holdings Inc entered the SPAC market in 2022 with its initial S-1 filing with the SEC, joining the wave of blank check companies seeking acquisition targets.
The company filed a definitive proxy statement (DEFM14A) ahead of its merger vote, completing its de-SPAC transaction in 2024.
SEC records show 212 total filings, including annual (10-K) and quarterly (10-Q) financial reports.
The company was incorporated in Delaware, the preferred jurisdiction for the vast majority of SPACs due to its business-friendly legal framework.
Timeline
2022-07-22
S-1 Registration Filed
2024-08-12
Merger Proxy Filed (DEFM14A)