99 Acquisition Group

General Information

We intend to focus our search for a target business in the real estate industry with an aggregate combined enterprise value of approximately $80 million to $160 million. (Incorporated in Delaware)

We currently intend to focus on identifying businesses in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space.

Our management team is led by Hiren Patel, who has over 20 years of experience in real estate due diligence, mergers and acquisitions, and real estate management. He has previously served as the Founder & CEO of Intelvative.

(Note: 99 Acquisition Group Inc. priced its downsized SPAC IPO on Aug. 17, 2023, to raise $75.0 million: 7.5 million units – down from 8.0 million units in the prospectus – at $10.00 per unit.)

(Note: 99 Acquisition Group Inc. filed its S-1 on Feb. 22, 2023, and disclosed these terms for its SPAC IPO: 8.0 million units at $10.00 each to raise $80.0 million. Each unit consists of one share of our Class A common stock, one redeemable warrant and one right. Each whole warrant entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50 per share, subject to adjustment as described in this prospectus. Each right entitles the holder thereof to receive one-fifth (1/5) of one share of Class A common stock upon the consummation of an initial business combination, as described in more detail in this prospectus.)

Employees: 0
Founded: 2022
Contact Information
Address 14 Noblewood Ct, Gaithersburg, MD 20878
Phone Number (703) 371-4260
Web Address
View Prospectus: 99 Acquisition Group
Financial Information
Market Cap $102.46mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol NNAGU
Exchange NASDAQ
Shares (millions): 7.5
Price range $10.00 - $10.00
Est. $ Volume $75.0 mil
Manager / Joint Managers EF Hutton
Expected To Trade: 8/18/2023
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change