Moringa Acquisition Corp (MACAW)
Moringa Acquisition Corp operates in the Shell Companies industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $0.15, down 6.25% on the session, giving a market capitalisation of $772,350. On trailing twelve-month figures it carries a trailing P/E of 0.00, a net margin of 0.0%. Its beta of 0.02 implies it has historically moved less than the broad market.
Moringa Acquisition Corp functions as a Special Purpose Acquisition Company (SPAC), often referred to as a blank check company. Its primary objective is to complete a significant business combination with one or more other companies or entities. This could involve various forms of strategic transactions, such as a merger, the exchange or acquisition of shares or assets, a financial recapitalization, a full corporate reorganization, or other similar arrangements. The firm was established in 2020 and maintains its headquarters in New York, New York.
Moringa Acquisition Corp is most often compared with the following Financial Services names: