ACON S2 Acquisition Corp.
Completed 2021-10-08- CIK 1819438
- STWO
- Now GWH
- IPO 2020-09-18
- $250M trust
- 474 filings
Successfully merged with ESS Tech, Inc. • Now trading as GWH
- IPO Size
- $250M
- raised at the IPO
- Trust
- $250M
- as of 2021-09-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2020
- year it listed
Filings, by quarter
474 filings over 26 quarters; violet bars carry a milestone
- 20 Q3: 29 filings
- 20 Q4: 3 filings
- 21 Q1: 4 filings
- 21 Q2: 15 filings
- 21 Q3: 29 filings
- 21 Q4: 79 filings
- 22 Q1: 33 filings
- 22 Q2: 11 filings
- 22 Q3: 5 filings
- 22 Q4: 23 filings
- 23 Q1: 15 filings
- 23 Q2: 23 filings
- 23 Q3: 11 filings
- 23 Q4: 14 filings
- 24 Q1: 9 filings
- 24 Q2: 18 filings
- 24 Q3: 10 filings
- 24 Q4: 5 filings
- 25 Q1: 9 filings
- 25 Q2: 10 filings
- 25 Q3: 33 filings
- 25 Q4: 29 filings
- 26 Q1: 14 filings
- 26 Q2: 21 filings
- 26 Q3: 20 filings
- 26 Q4: 2 filings
- S-1 filed 20 Q3
- IPO 20 Q3
- Definitive agreement 21 Q2
- Completed 21 Q4
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
ACON S2 Acquisition Corp. is a blank-check company seeking an initial business combination. It initially intends to focus on a target that makes a strategic approach to environmental, social and/or economic sustainability core to its performance, while reserving the right to pursue targets in any industry, sector or geography.
Key Information
As the filings state it
- IPO Date
- 2020-09-18
- Total Redemptions
- $415M
- PIPE
- $250M
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Completion Date
- 2021-10-08
- Merger Target
- ESS Tech, Inc.
- SPAC Ticker
- STWO
- Merged Ticker
- GWH
Stock Performance
GWHTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2021-01-04 | $10.20 | |
| At Merger | 2021-10-11 | $10.42 | +2% |
| 6 Months Post-Merger | 2022-04-11 | $5.68 | -45% |
| 1 Year Post-Merger | 2022-10-10 | $3.77 | -64% |
| 2 Years Post-Merger | 2023-10-09 | $1.94 | -81% |
| Current Price | 2026-11-13 | $0.07 | -99% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team includes executives with operating, financial, transaction and private-equity experience, backed by ACON Investments, a middle-market private equity firm with more than 23 years of investment experience. Its members have backgrounds in food, hospitality, media, medical, life sciences, industrial technology and private equity.