Waverley Capital Acquisition Corp. 1 stock ends after redemption

Published on 10/01/2026 at 03:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Waverley Capital Acquisition Corp. 1 stock completed its redemption process in September 2023 after the SPAC failed to complete a business combination. Its final NYSE session was August 24, 2023.

WAVC, US94333L1026, Illustration mit AI erstellt.

Waverley Capital Acquisition Corp. 1 stock completed its public-market chapter in 2023 after the special purpose acquisition company failed to complete a business combination. The redemption became effective on September 8, 2023, while the final NYSE trading session took place on August 24, 2023, according to EdgeChat.

SPAC ends after 2023 deadline

Waverley Capital Acquisition Corp. 1 was formed in 2021 to pursue a strategic business combination. Its mandate covered a merger, capital stock exchange, asset purchase, stock acquisition, reorganization or similar transaction with another company.

The redemption covered 21,487,039 public shares, with USD 222.8 million available for redemption, according to EdgeChat. That outcome matters because it separates the former listed vehicle from Waverley Capital, the private investment firm that sponsored it.

Private investment activity continues

Waverley Capital operates as a venture capital firm focused on media, entertainment and sports companies. Its investment activity continued after the SPACs redemption, including a second fund filing dated February 15, 2024 and an amendment dated April 5, 2024, according to EdgeChat.

The firms reported fund vehicles include Waverley Capital, L.P. and Waverley Capital II, L.P. The available record lists USD 78.9 million sold for the first fund and USD 23.9 million sold for the second, although the figures are described as aggregator data rather than independently verified filings.

WAVC status reflects a closed chapter

WAVC is classified as a financial services shell company, with Daniel V. Leff identified as chief executive officer in the structured company profile. The companys stated purpose was to complete a business combination, but its public shares were redeemed in 2023 rather than converted into an operating-company listing.