Marathon Acquisition Corp.

Merged
CIK: 1361652•Ticker: MAQ•Merged Ticker: GSL
Successfully merged with Global Ship Lease, Inc. • Now trading as GSL

SPAC Overview

$300M
IPO Size
$290M
Trust Amount
Completed
Current Status
2006
IPO Year

Timeline Progress

About

Marathon Acquisition Corp. is a blank-check company formed to acquire one or more currently unidentified operating businesses through a business combination. It has no particular industry focus and intends to seek growth opportunities in the United States and Western Europe.

Geographic Focus

United States, Western Europe

Embarc dashboard

What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.

  • Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
  • Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
  • The full 8-K lifecycle timeline, each event linked to its filing
  • Price history across the unit, share and warrant tickers
  • Follow it, and see it change on your watchlist
Open in the dashboard

SPAC Team

Extended Team Information

The team is led by Michael S. Gross, an experienced private-equity, distressed-debt and mezzanine-lending investor, founder and former senior partner of Apollo Management and former chairman, CEO and founder of Apollo Investment Corporation. Its directors include Adam Aron, a former Vail Resorts and Norwegian Cruise Line executive; Irwin D. Simon, founder, president and CEO of The Hain Celestial Group; and Robert Sheft, an entrepreneur and former CEO of Simply Floored and RMA Home Services.

Stock Performance

GSL
Trading Symbol
First Trade
August 15, 2008
$7.45
At Merger
August 28, 2008
$7.09
-5%
6 Months Post-Merger
February 25, 2009
$2.25
-68%
1 Year Post-Merger
August 20, 2009
$2.10
-70%
2 Years Post-Merger
August 24, 2010
$2.41
-66%
Current Price
October 1, 2026
$45.44
+510%

Key Information

IPO Date
August 25, 2006
State of Incorporation
DE
SIC
6770
Completion Date
August 15, 2008
Merger Target
Global Ship Lease, Inc.
SPAC Ticker
MAQ
Merged Ticker
GSL