The story so far
The events that changed the company's story, in plain English, each written against everything known about the company at the time. The dot shows whether it was good, bad or neutral for shareholders.
shares on issue market cap (log scale)
20244.6m shares · US$51.8m market cap
- 19 Dec
The AleAnna merger closed: Swiftmerge became AleAnna, Inc., began trading on Nasdaq as ANNA/ANNAW, and issued roughly 65.1 million shares to AleAnna Energy's former owners - only 1.16 million shares were redeemed this time, a fraction of the 20+ million that had threatened to bail in 2023, finally completing a business combination nearly three years after the SPAC's IPO.
business combination
4.6m shUS$51.8m - 13 Dec
the exchange certified AleAnna, Inc.'s securities for listing, clearing them to begin trading.
listing compliance notice
4.6m shUS$51.8m - 13 Dec
AleAnna, Inc.'s exchange filed to remove a class of its securities from listing.
listing compliance notice
4.6m shUS$51.8m - 13 Dec
AleAnna, Inc. deregistered its securities, ending its obligation to file reports with the SEC.
listing compliance notice
4.6m shUS$51.8m - 5 June
Swiftmerge signed a new merger agreement, this time with AleAnna Energy, LLC - an Italian natural gas business - agreeing to domesticate as a Delaware company, rename itself AleAnna, Inc., and issue about 65.1 million shares to AleAnna's owners.
business combination
- 15 Feb
The HDL Therapeutics merger fell apart: the two sides mutually terminated the agreement in February 2024 with no termination fee owed either way, leaving Swiftmerge back without a deal.
business combination
2023
- 11 Aug
Swiftmerge finally found a merger target: a $400 million deal to combine with HDL Therapeutics, Inc., a Delaware healthcare company, in a cash-and-stock transaction.
business combination
- 12 June
Ahead of the extension vote, holders of over 20.5 million Class A shares - roughly the entire public float - requested redemption at about $10.39/share, a mass exodus that Swiftmerge tried to soften by giving investors until June 19 to reverse their redemption requests.
business combination
- 9 June
Swiftmerge asked shareholders to push its deadline to complete a business combination out from June 2023 to March 2024, having not yet found a target more than 18 months after its IPO.
material agreement
2021
- 23 Dec
Swiftmerge Acquisition Corp. (later AleAnna, Inc.) completed its $200 million IPO as a blank-check company, listing on Nasdaq (IVCPU/IVCP/IVCPW) with the proceeds held in trust to fund a future acquisition.
business combination
- 14 Dec
the exchange certified AleAnna, Inc.'s securities for listing, clearing them to begin trading.
listing compliance notice