Corner Growth Acquisition Corp. is a Cayman Islands exempted company that acts as a blank check entity aiming to acquire a technology business in the US and other developed countries, with no current operating revenue.

# Company Overview Summary

**Name:** Corner Growth Acquisition Corp.

**Jurisdiction:** Cayman Islands (exempted company)

---

## Business Purpose and Operations
- Established as a *blank check company* in October 2020.
- Purpose: To effect a *initial business combination* via merger, share exchange, asset acquisition, share purchase, reorganization, or similar transaction with one or more target businesses.
- No current operating revenue; has not generated any operating revenues to date.
- Focus: Search for and acquire a business primarily in the *technology industry* in the United States and other developed countries.
- Current activities: Organizational activities, initial public offering (IPO), and evaluating prospective acquisition targets.

## Recent Transactions and Status
- Conducted IPO on December 21, 2020:
  - Sold 40 million units (including partial over-allotment), at $10.00 per unit.
  - Gross proceeds: $400 million.
  - Each unit included 1 Class A ordinary share and 1/3 of a redeemable warrant.
- Private Placement:
  - Acquired 7.6 million warrants at $1.50 each, totaling $11.4 million.
- Trust Account:
  - Hold approximately $1.97 million as of December 31, 2024.
- Not currently generating revenue or income.

## Key Corporate Developments
- Multiple extensions to complete a business combination, with the current deadline set for December 31, 2025.
- No significant customer base, no revenues, and no reported income as of the latest financials.
- No mention of any employees; only one executive officer who devotes as much time as needed until a transaction completes.
  
## Financials (as of December 31, 2024)
- **Revenue:** $0 (no operating revenues).
- **Net Loss (2024):** $321,576.
  - Main costs: General and administrative costs totaling $1.99 million.
  - Warrant liability adjustments and changes in securities fair value impacted income.
  - Offset by earnings and gains on marketable securities held in trust.
- **Assets:**
  - Trust Account: ~$1.97 million.
  - Operating Bank Accounts: $0.
- **Liabilities:** Working capital deficit of $30,172.

---

## Summary of Business Activity
- Engaged solely in organizational and evaluation activities.
- No product sales, no customers, no operational revenue, and no ongoing customer relationships.
- Their focus remains on identifying suitable acquisition targets, primarily in the tech sector, to complete their business combination within the specified timeframe.

---

*Note:* The company has not disclosed any customer count, specific revenue figures from operations, or active employees beyond one executive officer. The financial statement data indicates a null operating history with only cash held in trust and expenses related to organizational activities.

The company is a blank check company (SPAC) incorporated to execute business combinations with technology-centric firms.

Certainly! Here’s a detailed summary in Markdown format of what the company does, based on the information provided:


# Company Overview

## General Information
- **Type:** Blank check company (SPAC)
- **Incorporation:** October 2020, Cayman Islands
- **Objective:** To effect a merger, share exchange, asset acquisition, share purchase, or business combination with one or more businesses, primarily targeting the technology sector.

## Business Activities
- **Focus Area:** The company primarily focuses on acquiring technology businesses, particularly in the United States and other developed countries.
- **Industry Targeting:** Fast-growing technology companies that have the potential for significant operational improvements and increased market position through technological solutions.

## Team and Management
- **Management Experience:** The management team has over 70 years of collective investment experience, focusing on technology investments.
- **Affiliated Firms:** The company is affiliated with Corner Ventures, a venture capital firm that has invested in more than 200 companies and has achieved over 30 public exits and 70 acquisitions.

## Current Financial Status
- **Revenue:** The company has generated no operating revenues to date.
- **Projected Revenue:** Expected to generate revenue post-acquisition of a target company.
- **Shareholder Structure:** The management and sponsor control a substantial portion of shares, influencing decisions without needing public shareholder approval.

## Customers and Employees
- **Number of Customers:** Specific customer numbers were not disclosed as the company has not yet engaged in operations generating revenue.
- **Number of Employees:** The company has six executive officers. No full-time employees are intended to be hired prior to the initial business combination.

## Recent Developments
- As of January 2024, the company has entered into a Business Combination Agreement with Noventiq Holdings PLC.
- The business combination is expected to provide a public listing on the Nasdaq Stock Market.

## Financial Position
- **Initial Public Offering Proceeds:** $388,633,920 (after deducting deferred underwriting commissions and expenses).
- **Trust Account:** The balances remaining in the trust account are subject to redemptions by public shareholders, which can influence financial resources available for acquisitions.

## Conclusion
This company is positioned to leverage its management’s expertise and connections within the technology sector to identify and acquire promising technology businesses, transitioning them to public status. The management’s past performance and network are anticipated to be key determinants in the success of future operations and business combinations.


Feel free to adjust this summary by adding any specific figures or changes related to customers or employees that might be available in the latest reports to ensure comprehensive accuracy!

Corner Growth Acquisition Corp.

10-K / July 8, 2025

10-K / April 1, 2024

10-K / July 8, 2025

Company Overview Summary

Business Purpose and Operations

Recent Transactions and Status

Key Corporate Developments

Financials (as of December 31, 2024)

Summary of Business Activity