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Fortress Capital Acquisition Corp

fortresscapitalac.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2022 10-Q, filed Nov 14, 2022. Its latest SEC filing is a SC 13G/A from Feb 8, 2024.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Seeks to combine with a business through a merger or acquisition and build it into a public company.

How Did They Make Money?

No revenue was reported.

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q3 FY2022, the three months to Sep 30, 2022
Net income
▼ −1%
vs $3M in Q3 FY2021
  • Jan 4, 2023 Cannot complete a business combination; plans to redeem public shares The company said it would cease operations except to wind up; its warrants would expire worthless.
  • Dec 9, 2022 NYSE suspends warrant trading and starts delisting process The company said it would not appeal; its Class A shares and units would continue trading.
  • Jun 21, 2022 CEO and chair resign; CFO appointed to both roles Daniel N. Bass, then CFO, was appointed CEO and board chair.

Who Did They Compete With?

Competes with New Residential Investment, FVAC III, and FVAC IV

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