BankruptBlank Check
What Happened to Progress Acquisition?
Return
0.0%
Current Price
$0
Peak Price
â
Trust Size
$173M
Summary
Progress Acquisition Corp was a SPAC that raised $150 million in February 2021 targeting media, entertainment, and technology companies. The SPAC failed to complete a business combination and was liquidated.
What Happened
Progress Acquisition Corp IPO'd in February 2021, raising $150 million to acquire a media/entertainment/technology company. Led by CEO David Arslanian, the SPAC was unable to complete a deal within its deadline and was liquidated. Trust funds were returned to shareholders. It was categorized as bankrupt but was a standard SPAC liquidation.
Timeline
2021-02-03
S-1 Registration Filed
2023-05-23
Last SEC Filing