Arena Fortify Acquisition Corp.
Liquidated 2022-12-08- CIK 1849489
- AFAC
- IPO 2021-11-12
- $177M trust
- 52 filings
- IPO Size
- $150M
- raised at the IPO
- Trust
- $177M
- as of 2022-09-30
- Current Status
- Failed
- from its latest filing
- IPO Year
- 2021
- year it listed
Filings, by quarter
52 filings over 9 quarters; violet bars carry a milestone
- 21 Q1: 1 filing
- 21 Q2: 7 filings
- 21 Q3: 0 filings
- 21 Q4: 23 filings
- 22 Q1: 4 filings
- 22 Q2: 3 filings
- 22 Q3: 1 filing
- 22 Q4: 9 filings
- 23 Q1: 4 filings
- S-1 filed 21 Q1
- IPO 21 Q4
- Liquidated 22 Q4
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Arena Fortify Acquisition Corp. is a blank-check company seeking to combine with a business that recently emerged from bankruptcy protection or needs incremental capital as part of a balance-sheet restructuring, with a focus on natural resources. It expects to target businesses with enterprise values of $750 million to $2 billion.
Investment Focus
Natural Resources
Key Information
As the filings state it
- IPO Date
- 2021-11-12
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Failed Date
- 2022-12-08
- SPAC Ticker
- AFAC
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team includes executives and directors with experience in distressed investing, credit, natural resources, energy, corporate restructuring, bankruptcy, and operating turnarounds. Its sponsor was formed by Arena Investors, whose investment team has experience across corporate, real estate, industrial, structured-finance, consumer, and energy-related investments, alongside operating professionals at Fortify Energy.