Austerlitz Acquisition Corporation I focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was formerly known as Foley Trasimene Acquisition Corporation III. Austerlitz Acquisition Corporation I was founded in 2020 and is based in Las Vegas, Nevada.
IPO Year: 2021
Exchange: NYSE
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4 - Austerlitz Acquisition Corp I (0001838207) (Issuer)
Bloomberg India-Made iPhone Exports Meets With Success As China's COVID-19 Lockdowns Weigh Apple Inc's (NASDAQ:AAPL) iPhone exports from India crossed $1 billion in the five months since April. At the current rate, outbound shipments of India-made iPhones, mainly to Europe and the Middle East, are set to double, reaching $2.5 billion in the 12 months through March 2023. Analysts Offer Premium Valuation To Vodafone-Three Merger, Subject To Regulatory Approval Vodafone Group Plc (NASDAQ:VOD) and CK Hutchison Holdings Ltd's (OTC:CKHUF) potential U.K. merger would create a wireless giant worth about €16.5 billion (£14.3 billion), analysts said. Vodafone U.K. carries an enterprise val
Two blank-check companies backed by investor Bill Foley plan to liquidate by the end of this year. Together the firms raised $2 billion. The sponsors said that the firms Austerlitz Acquisition Corp I (NYSE:AUS) and Austerlitz Acquisition Corp II (NYSE:ASZ) have failed in finding merger partners despite dozens of negotiations. Both companies went public in 2021. Special purpose acquisition companies (SPACs) typically have two years to find a company to take public, Reuters said. However, the sponsors said it was in the shareholders' best interests to return the cash this year instead of waiting for the expiration of the deadline in March 2023, adding that they would seek their approval f
Wynn Resorts, Limited (NASDAQ:WYNN) is reportedly selling its online sports betting unit Wynn Interactive at a steep discount. What Happened: The Las Vegas-based casino company has cut the asking price of the WynnBet gaming app operator to $500 million, which is significantly lower than the $3 billion valuations arrived at less than a year ago, the New York Post reported, citing a person familiar with the matter. The deeply-discounted sale is taking place just six months after Wynn publicly readied WynnBet for a spring debut, the Post noted. Why It Matters: In August, it was reported that former basketball player Shaquille O'Neal would become WynnBet’s new brand ambassador. At the time,
Along with the hundreds of announced SPAC mergers and closed deals in 2021 came a handful of SPAC deals that were terminated. Here’s a look at what it means for the SPACs that called off mergers. What Happened: SPACs can terminate deals for numerous reasons including a change in valuation sentiment, missing deadlines or news items coming from the acquisition target. When SPACs call off deals, they lose the time and money spent to research and attempt to close a deal. The termination also sends the team back to the drawing board to try and find a new acquisition target. SPACs have a deadline date to meet, which is typically 24 months from its IPO date. With deals called off, many companies
SC 13G/A - Austerlitz Acquisition Corp I (0001838207) (Subject)
SC 13G/A - Austerlitz Acquisition Corp I (0001838207) (Subject)
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SC 13G/A - Austerlitz Acquisition Corp I (0001838207) (Subject)
SC 13G - Austerlitz Acquisition Corp I (0001838207) (Subject)
Wynn Resorts, Limited (NASDAQ:WYNN) ("Wynn Resorts") and Austerlitz Acquisition Corporation I (NYSE:AUS) ("Austerlitz I") today announced that the companies have mutually agreed to terminate their previously announced agreement and plan of merger, which contemplated the combination of Austerlitz I and Wynn Interactive Ltd. ("Wynn Interactive"), a subsidiary of Wynn Resorts. The termination is effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211112005447/en/ Craig Billings, CEO of Wynn Interactive, stated, "With our continued roll out of product features and planned new state launches, including New York, we r
Cannae Holdings, Inc. (NYSE:CNNE) and Trasimene Capital Management, sponsors (the "Sponsors") of Austerlitz Acquisition Corporation I (NYSE:AUS, or the "Company"))), a special purpose acquisition company ("SPAC"), are seeking approval of the Company's shareholders to redeem its outstanding Class A ordinary shares (the "Public Shares") for cash held in its trust account prior to December 31, 2022. AUS expires by its terms on March 2, 2023 (the "24-Month Deadline"). The Sponsors believe that consummation of a suitable merger is highly improbable, and it is therefore in shareholders' best interests to return the cash in trust within calendar 2022 rather than wait for expiration in 2023. Since
Wynn Resorts, Limited (NASDAQ:WYNN) ("Wynn Resorts") and Austerlitz Acquisition Corporation I (NYSE:AUS) ("Austerlitz I") today announced that the companies have mutually agreed to terminate their previously announced agreement and plan of merger, which contemplated the combination of Austerlitz I and Wynn Interactive Ltd. ("Wynn Interactive"), a subsidiary of Wynn Resorts. The termination is effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211112005447/en/ Craig Billings, CEO of Wynn Interactive, stated, "With our continued roll out of product features and planned new state launches, including New York, we r
Wynn Interactive is delivering one-of-a-kind digital gaming experiences to mobile users through proprietary, differentiated technology Combined company expected to have post-transaction enterprise value of approximately $3.2 billion Business combination includes approximately $640 million of cash proceeds from Austerlitz Acquisition Corp I, led and founded by William P. Foley II, to help fuel growth Cannae Holdings, Inc. has agreed to fully backstop share redemptions, assuring availability of cash proceeds at closing Current shareholders of Wynn Interactive will retain approximately 79% of the combined Company, including 58% to be held by Wynn Resorts, Ltd. Wynn Resorts, Limited (NAS
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8-K - Austerlitz Acquisition Corp I (0001838207) (Filer)
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