Streetbeat News

ACAB

Atlantic Coastal Acquisition Corp. II

https://www.atlanticcoastalacquisition.com

Industry

Shell Companies

Atlantic Coastal Acquisition Corp. II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses in mobility sector. Atlantic Coastal Acquisition Corp. II was incorporated in 2021 and is based in New York, New York.

Open

11.11

Mkt cap

46M

Volume

156K

High

11.11

P/E Ratio

-44.38

52-wk high

13.00

Low

5.75

Div yield

N/A

52-wk low

3.23

Atlantic Coastal Acquisition Corp. II (ACAB) has received a deficiency notification from Nasdaq, indicating that the company is not in compliance with the exchange's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:17 pm

Abpro has filed a registration statement on Form S-4 related to its business combination agreement with Atlantic Coastal Acquisition Corp. II. The merged entity will be called 'Abpro Corporation' and will trade under the ticker 'ABP'. The pre-money equity valuation of the combined company is set at $500 million.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 1:05 pm

Biotechnology company Abpro is set to become publicly traded through a merger with Atlantic Coastal Acquisition Corp. II (NASDAQ:ACAB). The deal values Abpro at $725 million and will help advance its drug pipeline to clinical trials. Abpro is currently developing next-generation antibody therapies for various diseases, including HER2+ cancer treatments and treatments for Wet AMD/DME and COVID-19.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:00 pm

Atlantic Coastal Acquisition Corp. (NASDAQ:ACAH) has announced plans to extend the deadline to complete its initial business combination. The extension is subject to shareholder approval at a special meeting scheduled for September 8, 2023. The company also received a notice of non-compliance from Nasdaq for failing to timely file its Q2 2023 Form 10-Q.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 8:14 pm

Atlantic Coastal Acquisition Corp. (NASDAQ:ACAH) has announced that it will redeem all of its outstanding shares of Class A common stock at a per-share redemption price of approximately $10.40. The company will not be consummating an initial business combination and will cease all operations except for winding up. The company's securities will cease trading on the Nasdaq Stock Market on August 18, 2023, and the public shares will be deemed cancelled as of August 21, 2023.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 8:21 pm

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