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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
   by Andrew McHattie   Rating: ISBN-10: 027303751X

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Name : Mission Advancement Corp
Current / Former Name: Mission Advancement Corp (Current)
Address: 11150 Santa Monica Boulevard, Suite 500, Los Angeles, CA 90025
Phone Number: (310) 954-0010
Investor Relations Contact: N/A
Website - N/A

Warrant Details
Warrant Symbol: MACC.WS / MACCW
Warrants Listed: 8,625,000
Ratio: 1-for-1
Cusip Number: 60501L 11 9
ISIN Number: US60501L1190
Parent Stock Symbol: MACC (NYSE)
Underlying Stock Cusip: 60501L 10 1
675
Expiry Date - March 5, 2026
Exercise Price: $11.50 USD



Synopsis & Listing Information



Synopsis, company details and details of warrant listing. Mission Advancement Corp. was a special purpose acquisition company (SPAC) co-founded by former NFL player Colin Kaepernick alongside investor Jahm Najafi. The enterprise was formed to target consumer brands that prioritize social impact and ESG principles.

Listing History: The company successfully completed its initial public offering on March 5, 2021. The investment units traded on the New York Stock Exchange under the ticker MACC.U, with the underlying warrants breaking off into separate trading on April 26, 2021.

Business Combination: The blank-check enterprise actively searched for an acquisition target within the consumer and retail landscape. However, due to shifting market dynamics, macro headwinds, and structural breakdowns in deal negotiations, the sponsor failed to secure a business combination agreement before its deadline.

Ticker Change: The warrants traded strictly under the NYSE ticker framework using the extension format MACC.WS (and cleared via MACCW across retail brokerage feeds). The ticker symbol never transitioned to a post-merger operating corporate identity.

Reverse Split Adjustment: No reverse stock split adjustments were ever enacted on this vehicle because the company did not reach an operating business combination stage.

Current Status: Having failed to execute a business combination within its required 24-month lifespan, the SPAC officially entered liquidation. The parent company closed down operations and redeemed its public common stock shares. As part of this corporate liquidation process, the public warrants were cancelled without any cash distribution, leaving them completely void.

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Warrant Terms
  • Expiration Date: The last day the warrants can be exercised. If warrants aren't going to be exercised then they must be sold the day before the expiry date. The longer the time to expiry the more valuable the warrants.
  • Leverage: A measure of how much you can increase your exposure to a share if you bought warrants instead of making a direct investment. It is the current share price divided by the current price of the warrant.
  • Intrinsic Value: The difference between the exercise price and the actual trading price of the common stock. Once the common has gone over the exercise price, the warrants are "In the Money."
  • Volatility: The higher the volatility rating, the higher the price of the warrant. Historical volatility is calculated by using the standard deviation of an underlying stock price over a specific period.
  • Time Value: The difference between the current warrant price and its intrinsic value. Interpreted as the consideration paid for the advantage the warrant buyer has over the direct investor.
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