Streetbeat News

SEDA

SDCL EDGE Acquisition Corporation

https://www.sdcledge.com

Industry

Shell Companies

SDCL EDGE Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to pursue opportunities in the built environment and transport sectors. The company was incorporated in 2021 and is based in New York, New York.

Open

11.30

Mkt cap

115M

Volume

758

High

11.30

P/E Ratio

-26.90

52-wk high

14.93

Low

11.30

Div yield

N/A

52-wk low

10.73

SDCL EDGE Acquisition Corporation has announced that its shareholders have approved the extension of the deadline to complete a business combination to March 2, 2024. The company has also maintained 65.9% of the capital in its trust account, with 13,177,933 Class A Ordinary Shares remaining in float. The company has entered into a non-binding letter of intent with Magnet Joint Venture GmbH, KME SE, and The Paragon Fund III GmbH & Co. for a proposed business combination relating to Cunova GmbH and certain assets of KME comprising KME's Aerospace Business.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:50 pm

SDCL EDGE Acquisition has reported a Letter of Intent (LOI) for a business combination with Magnet Joint Venture GmbH and certain assets of KME SE, comprising KME Specialty Aerospace Business. Post-business combination, KME is expected to hold a majority stake in the entity, which will be listed on the New York Stock Exchange.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 10:35 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.