What Happened to Presto Automation?
Return
0.0%
Current Price
â
Peak Price
â
Trust Size
$20M
Summary
Presto Automation Inc. filed its S-1 registration in 2020. The company continues to trade at significantly depressed levels with 359 SEC filings on record.
What Happened
Presto Automation Inc. entered the SPAC market in 2020 with its initial S-1 filing with the SEC, joining the wave of blank check companies seeking acquisition targets.
SEC records show 359 total filings, including annual (10-K) and quarterly (10-Q) financial reports.
As of the latest available data, the company continues to file with the SEC but filing activity has slowed significantly â fitting the pattern of a "zombie SPAC" that technically exists but has failed to deliver meaningful returns to shareholders.
The company was incorporated in Delaware, the preferred jurisdiction for the vast majority of SPACs due to its business-friendly legal framework.
Timeline
2020-12-16
S-1 Registration Filed
2024-09-19
Last SEC Filing