Name - Atlantic Street Acquisition Corp
Address: 35 Mason Street, Greenwich, CT 06830
Phone Number: (203) 428-3150
Investor Relations Contact: info@atlanticstreetcapital.com
Website - https://www.atlanticstreetcapital.com (Defunct)
Warrant Symbol: ASAQ.WS (NYSE)
Warrants Listed: 8,333,333
Ratio: 1-for-1
Cusip Number - 04855D 11 1
Expiry Date - March 2026 (Expired)
Exercise Price - $11.50
Synopsis & Listing Information
Synopsis: The Atlantic Street Acquisition Corp story concluded in early 2026 as the company reached its final legal deadline without successfully closing a business combination.
Bankruptcy Outcome: Atlantic Street Acquisition Corp was a blank-check company (SPAC) backed by Atlantic Street Capital. After its initial public offering, it failed to identify and merge with a suitable target company within its mandated timeframe. Unlike an operational bankruptcy, the SPAC proceeded to a structured liquidation of its trust account.
Equity & Warrant Holders: In early 2026, the company officially announced the liquidation of its trust account. Public shareholders received a pro-rata distribution of the trust (approximately $10.00+ per share). Per the standard warrant agreement, because no business combination was achieved, the warrants were canceled.
Securities Litigation: No significant recovery or litigation restored value to the warrants. As is common in failed SPACs, the warrant holders were left with no recourse or residual value once the company filed its certificate of dissolution.
Final Status: Inactive / Worthless / Expired.
Address: 35 Mason Street, Greenwich, CT 06830
Phone Number: (203) 428-3150
Investor Relations Contact: info@atlanticstreetcapital.com
Website - https://www.atlanticstreetcapital.com (Defunct)
Warrant Symbol: ASAQ.WS (NYSE)
Warrants Listed: 8,333,333
Ratio: 1-for-1
Cusip Number - 04855D 11 1
Expiry Date - March 2026 (Expired)
Exercise Price - $11.50
Synopsis & Listing Information
Synopsis: The Atlantic Street Acquisition Corp story concluded in early 2026 as the company reached its final legal deadline without successfully closing a business combination.
Bankruptcy Outcome: Atlantic Street Acquisition Corp was a blank-check company (SPAC) backed by Atlantic Street Capital. After its initial public offering, it failed to identify and merge with a suitable target company within its mandated timeframe. Unlike an operational bankruptcy, the SPAC proceeded to a structured liquidation of its trust account.
Equity & Warrant Holders: In early 2026, the company officially announced the liquidation of its trust account. Public shareholders received a pro-rata distribution of the trust (approximately $10.00+ per share). Per the standard warrant agreement, because no business combination was achieved, the warrants were canceled.
Securities Litigation: No significant recovery or litigation restored value to the warrants. As is common in failed SPACs, the warrant holders were left with no recourse or residual value once the company filed its certificate of dissolution.
Final Status: Inactive / Worthless / Expired.
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