Name | Value |
---|---|
Revenues | 0.9M |
Cost of Revenue | 0.9M |
Gross Profit | 0.0M |
Operating Expense | 27.4M |
Operating I/L | -27.4M |
Other Income/Expense | 1.1M |
Interest Income | 1.1M |
Pretax | -26.3M |
Income Tax Expense | -0.1M |
Net Income/Loss | -26.2M |
10X Capital Venture Acquisition Corp is a blank check company that focuses on acquiring or merging with one or more businesses. As a blank check company, it 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 capital to acquire or merge with the target business, providing them with access to public markets and capital for growth. The company generates revenue through the successful acquisition and subsequent growth of the businesses it merges with or acquires.