Altitude Acquisition Corp is a blank check company. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded in 2020 and is based in Atlanta, Georgia.
This one's trending on StockTwits now. Potentially merging with a Boeing-backed company named Aerion that designs supersonic planes with a potential $3B deal The stock price of Altitude Acquisition Corp (NASDAQ: ALTU) is trading at over 10% pre-market as of 9:25 AM ET. Investors appear to be responding to a Bloomberg report about Aerion being in talks with Altitude Acquisition for a SPAC listing. Aerion is known for designing supersonic planes and a merger would value the combined company at up to $3 billion, according to Bloomberg’s sources. A deal could potentially be announced this month. Aerion partnered with Boeing in 2019, which also included a significant investment from the aircraft maker. And Altitude Acquisition — which is a special purpose acquisition company (SPAC) — raised $300 million in an IPO in December in order to pursue acquisitions in the travel space. Source: https://pulse2.com/altu-stock-price...increases-over-10-pre-market-why-it-happened/
