Name | Value |
---|---|
Revenues | 0.0K |
Cost of Revenue | 0.0K |
Gross Profit | 0.0K |
Operating Expense | 452.5K |
Operating I/L | -452.5K |
Other Income/Expense | 204.4K |
Interest Income | 204.4K |
Pretax | -248.0K |
Income Tax Expense | 37.9K |
Net Income/Loss | -285.9K |
Edify Acquisition Corp. is a blank check company that was incorporated in 2020. As a blank check company, Edify Acquisition Corp. raises funds through an initial public offering (IPO) with the purpose of acquiring an existing company. Once the funds are raised, the company seeks out potential acquisition targets and negotiates a deal to merge with or acquire a private company, thereby taking it public. Through this process, Edify Acquisition Corp. generates revenue by acquiring and merging with private companies, providing them with access to public markets and capital.