Ribbon Acquisition Corp (NASDAQ: RIBB) is a blank check company incorporated on July 17, 2024, as a Cayman Islands exempted corporation, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target businesses. The company generates no operating revenue. It raised $50,000,000 in gross proceeds through an IPO of 5,000,000 units at $10.00 per unit, which closed on January 16, 2025, with proceeds held in a trust account pending completion of an initial business combination. The sponsor is Ribbon Investment Company Ltd, a Cayman Islands exempted company affiliated with Chairman and CEO Angshuman (Bubai) Ghosh, who has approximately three decades of experience in cross-border mergers and acquisitions and capital raising. The company pays an affiliate of the sponsor $10,000 per month for up to 12 months for office space and administrative support. No target business combination had been announced as of the 10-K filing dated March 31, 2026.

Revenue model

No operating revenue. The company holds IPO proceeds in a trust account and funds operations from amounts held outside the trust. Revenue model is contingent on completing an initial business combination.

Products and services

Units consisting of one Class A ordinary share and one right to receive one-seventh of a Class A ordinary share upon consummation of a business combination, sold at $10.00 per unit in the IPO (closed January 16, 2025). Private placement units were also sold to the sponsor concurrently with the IPO.

Customers and end markets

Public shareholders who purchased units in the IPO. No operating customers or end markets as of the 10-K filing dated March 31, 2026.

Value-chain role

Special purpose acquisition company (SPAC) seeking to identify and acquire a target business. Funds held outside the trust are used for due diligence, deal structuring, and business combination expenses.

Geographic exposure

Incorporated in the Cayman Islands. Registered with the SEC and subject to U.S. securities laws. No disclosed geographic focus for target acquisition.

Source: SEC 10-K, filed 2026-03-31

Industry: Blank Checks