Get real time updates directly on you device, subscribe now.
BRCC (Black Ridge Acquisition Corp) is a Special Purpose Acquisition Company (SPAC) that went public in November 2018. The company’s initial public offering (IPO) was priced at $10 per share, raising $200 million in gross proceeds. After the IPO, BRCC’s stock began trading on the NASDAQ stock exchange under the symbol BRCCU.
In the months following the IPO, BRCC’s stock price fluctuated, but generally trended downward. In 2019, the stock dropped to around $9 per share and remained at that level for the majority of the year.
In 2020, BRCC’s stock price began to rise as the cannabis industry gained more attention and interest from investors. The stock reached a high of $11.80 per share in February 2020. However, due to the COVID-19 pandemic, the stock price dropped again in March and April 2020.
In 2021, The stock price started to go up again and reached an all-time high of $13.18 in Jan 2021, but then dropped with the market downturn and reached a low of $8.70 in Feb 2021.
It is important to note that the stock price of BRCC, like any publicly traded company, can be affected by a variety of factors and is subject to market fluctuations. It is important to conduct your own research and consult with a financial advisor before making any investment decisions.
Black Ridge Acquisition Corp. completes Allied Esports acquisition
Black Ridge Acquisition Corp. (BRCC) announced the completion of its acquisition of Allied Esports Entertainment, Inc. on May 15th, 2019. The deal was worth $205 million and was completed through a merger transaction.
Allied Esports is a leading esports entertainment company, which owns and operates a network of esports properties and venues worldwide. This included the HyperX Esports Arena Las Vegas, the first dedicated esports arena on the Las Vegas Strip, as well as the World Poker Tour (WPT). The acquisition was a significant move for BRCC, as it allowed the company to enter the rapidly growing esports industry.
With the completion of the acquisition, Allied Esports became a wholly-owned subsidiary of BRCC, and its common stock ceased trading on the OTC Markets. The company’s shares started trading under the ticker symbol AESE. The management team of Allied Esports remained in place to run the business.
This acquisition allowed BRCC to provide shareholders with exposure to the fast-growing esports industry and the potential of Allied Esports’ strong portfolio of assets and strategic relationships.
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?