Allegro Merger Corp. Units (ALGRU) Stock Price, News & Analysis

Company Overview

Allegro Merger Corp. Units is a special purpose acquisition company (SPAC) incorporated in Delaware in December 2020. As a blank check vehicle, it has no commercial operations of its own and was formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses.

In January 2021, Allegro Merger Corp. completed its initial public offering on the OTC Markets, issuing units that each consist of one share of Class A common stock and one-third of a redeemable warrant. The proceeds of the IPO were placed in a trust account and are intended to be used exclusively to finance a definitive business combination and related transaction expenses.

The company is sponsored by Allegro Merger Sponsor, LLC and is led by a management team with experience in private equity, investment banking and corporate governance. While Allegro Merger Corp. has not yet announced a target, its board has signaled a focus on industries demonstrating strong growth potential, including technology, healthcare and industrial services.

Following completion of an initial business combination, the company expects to adopt the name and branding of the acquired operating business and to trade as an integrated public company. Until then, Allegro Merger Corp. Units provides investors with exposure to the SPAC structure and the opportunistic pursuit of value-creating transactions.

Key Stats

• Today's Range: $10.84 to $10.84
• 50-Day Range: $10.84 to $10.84
• 52-Week Range: $10.00 to $11.00
• Volume: N/A
• Average Volume: 833 shs
• Market Capitalization: N/A
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

ALGRU Stock Analysis - Frequently Asked Questions

How have ALGRU shares performed this year?

Allegro Merger Corp. Units' stock was trading at $10.84 at the start of the year. Since then, ALGRU shares have increased by 0.0% and is now trading at $10.84.

How do I buy shares of Allegro Merger Corp. Units?

Shares of ALGRU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Industrials
• Industry: Conglomerates
• Sub-Industry: Trading
• Current Symbol: OTCMKTS:ALGRU
• CIK: N/A
• Web: N/A
• Phone: 212-319-7676
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A