Name | Value |
---|---|
Revenues | 0.0K |
Cost of Revenue | 0.0K |
Gross Profit | 0.0K |
Operating Expense | 300.1K |
Operating I/L | -300.1K |
Other Income/Expense | 2,003.2K |
Interest Income | 1,609.0K |
Pretax | 1,703.1K |
Income Tax Expense | 362.5K |
Net Income/Loss | 1,340.6K |
Rosecliff Acquisition Corp I is a blank check company that specializes in facilitating mergers, capital stock exchanges, asset acquisitions, stock purchases, and reorganizations with various businesses. As a blank check company, Rosecliff Acquisition Corp I raises funds through an initial public offering (IPO) and then seeks out potential acquisition targets. Once a suitable target is identified, the company uses the raised funds to acquire or merge with the target business, providing an opportunity for the target to go public through the acquisition. This process allows the company to generate revenue through the successful execution of business combinations.