Mana Capital Acquisition Corp. (MAAQR) Stock Analysis
DELISTED 2022
What happened to Mana Capital Acquisition Corp. (MAAQR) stock?
Mana Capital Acquisition Corp. (MAAQR) no longer trades on public markets. It was delisted in October 2022. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Mana Capital Acquisition Corp. (MAAQR) trades at $0.56. Mana Capital Acquisition Corp. is a blank check company seeking a merger, stock exchange, or asset acquisition. Sector: Financial services.
Last analyzed: Mar 18, 2026Analyst Coverage for MAAQR: MAAQR does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates MAAQR against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
MAAQR: 1/2 scored disciplines lean bearish. Dominant signal: Seth Klarman bearish.
How is this calculated? →Mana Capital Acquisition Corp. (MAAQR) Financial Services Profile
Mana Capital Acquisition Corp. is a special purpose acquisition company (SPAC) targeting businesses in healthcare, technology, the green economy, and consumer products across North America, Europe, and Asia, aiming to complete a merger, stock exchange, or asset acquisition to bring a private company to the public market.
What Is the Investment Thesis for MAAQR?
Investing in Mana Capital Acquisition Corp. presents a speculative opportunity tied to the potential acquisition of a company in the healthcare, technology, green economy, or consumer products sectors. The company's ability to identify and successfully merge with a high-growth target is the primary value driver. However, the company reported a negative profit margin of -43832.5% and a negative gross margin of -2180.2%, highlighting the inherent risks associated with SPAC investments. The timeline for identifying and completing a merger is uncertain, and the success of the investment depends heavily on the management team's expertise and the attractiveness of the target company. Investors should carefully consider the risks and potential rewards before investing in MAAQR.
Based on FMP financials and quantitative analysis
MAAQR Key Highlights
Mana Capital Acquisition Corp. is a SPAC focused on merging with a private company in the healthcare, technology, green economy, or consumer products sectors.
- The company's negative profit margin of -43832.5% reflects its status as a shell company with no operating revenue.
- Mana Capital's gross margin is -2180.2%, indicating substantial expenses relative to any potential revenue.
- The company's P/E ratio is -0.63, reflecting negative earnings.
- Mana Capital Acquisition Corp. does not offer a dividend, consistent with its status as a SPAC.
Who Are MAAQR's Competitors?
MAAQR is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AGGI Allied Energy, Inc. | $2.25 | +32.24% | $45.4B | 61 |
| GSHN Gushen, Inc. | $22.70 | +2.71% | $9.32B | 61 |
| IVAN Ivanhoe Capital Acquisition Corp. | $7.68 | -2.17% | $2.69B | 64 |
| APXTW Apex Treasury Corporation | $0.35 | -5.41% | $1.89B | 66 |
| APXT Apex Technology Acquisition Corp. | $10.12 | -0.05% | $1.89B | 64 |
| APXTU Apex Treasury Corporation | $10.26 | +0.39% | $1.89B | 64 |
| WCHS Winchester Holding Group | $5.01 | +0.00% | $532M | 63 |
| MESH Meshflow Acquisition Corp. | $10.04 | -0.05% | $433M | 64 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are MAAQR's Key Strengths?
Focus on high-growth sectors (healthcare, technology, green economy, consumer products).
- Experienced management team (assumed, but details not provided).
- Access to capital through IPO.
- Flexibility to pursue various business combination structures.
What Are MAAQR's Weaknesses?
No operating history or revenue generation.
- Dependence on identifying and completing a successful business combination.
- Competition from other SPACs.
- Potential for dilution of shareholder value.
What Could Drive MAAQR Stock Higher?
Announcement of a definitive agreement to merge with a target company.
- Completion of the business combination and the target company becoming publicly traded.
- Positive news and developments related to the target company's business.
What Are the Key Risks for MAAQR?
Failure to identify and complete a business combination within the specified timeframe, leading to liquidation of the trust account.
- Unfavorable market conditions impacting the valuation of the target company.
- Regulatory changes impacting the SPAC market.
- Competition from other SPACs for attractive acquisition targets.
- Dilution of shareholder value through the issuance of additional shares or warrants.
What Are the Growth Opportunities for MAAQR?
- Successful Acquisition: Mana Capital's primary growth opportunity lies in identifying and acquiring a high-growth company in its target sectors. A successful merger would result in the acquired company becoming publicly traded, potentially unlocking significant value for shareholders. The market size for potential target companies across healthcare, technology, green economy, and consumer products is substantial, offering a wide range of options. The timeline for this opportunity is dependent on the company's ability to find and close a deal, typically within 12-24 months of its IPO.
- Geographic Expansion: Mana Capital's focus on North America, Europe, and Asia provides access to a diverse pool of potential target companies. Expanding its geographic reach could increase the likelihood of finding an attractive acquisition target. The market size for potential acquisitions in these regions is significant, with each region offering unique opportunities and challenges. The timeline for geographic expansion is ongoing, as the company actively seeks targets across these regions.
- Sector Diversification: While Mana Capital focuses on healthcare, technology, green economy, and consumer products, the company could consider expanding its sector focus to include other high-growth industries. This could broaden its pool of potential target companies and increase its chances of finding a suitable merger partner. The market size for other sectors, such as fintech or cybersecurity, is substantial. The timeline for sector diversification is dependent on the company's strategic decisions and market conditions.
- Strategic Partnerships: Mana Capital could form strategic partnerships with other companies or investment firms to enhance its ability to identify and evaluate potential acquisition targets. These partnerships could provide access to additional expertise, resources, and deal flow. The market size for potential partnerships is significant, with numerous companies and firms seeking to collaborate on SPAC transactions. The timeline for forming strategic partnerships is ongoing, as the company actively seeks opportunities to collaborate with other industry players.
- Improved Market Conditions: A more favorable market environment for SPACs could improve Mana Capital's ability to attract investors and complete a successful merger. Positive market sentiment and increased investor confidence could drive demand for SPAC shares and make it easier for the company to raise capital. The timeline for improved market conditions is uncertain, as it depends on macroeconomic factors and investor sentiment. However, a more favorable market environment would significantly benefit Mana Capital's prospects.
What Are MAAQR's Competitive Advantages?
- Management Team Expertise: The expertise and track record of Mana Capital's management team in identifying and executing successful business combinations can be a competitive advantage.
- Network and Relationships: The company's network of relationships with potential target companies, investment banks, and other industry players can provide access to deal flow and enhance its ability to find attractive acquisition targets.
- Access to Capital: The funds raised in the IPO provide Mana Capital with the capital necessary to pursue a business combination.
What Does MAAQR Do?
Mana Capital Acquisition Corp., incorporated in 2021 and based in Dover, Delaware, is a special purpose acquisition company (SPAC). The company's primary objective is to identify and merge with a private entity, effectively taking it public without the traditional initial public offering (IPO) process. Mana Capital is actively seeking a target company within the healthcare, technology, green economy, and consumer products sectors. Its geographic focus spans North America, Europe, and Asia, providing a broad scope for potential acquisitions. As a SPAC, Mana Capital does not have any operating history or generate revenue until it completes a business combination. The company's management team leverages its expertise and network to evaluate potential target companies, conduct due diligence, and negotiate terms for a merger or acquisition. Upon identifying a suitable target, Mana Capital will seek shareholder approval to proceed with the transaction. If approved, the target company will become a publicly traded entity under a new ticker symbol, while Mana Capital's original ticker will cease to exist. The success of Mana Capital hinges on its ability to identify a high-growth, attractive target company that can deliver value to its shareholders.
What Products and Services Does MAAQR Offer?
- Identify potential target companies in the healthcare, technology, green economy, and consumer products sectors.
- Conduct due diligence on potential target companies.
- Negotiate terms for a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination.
- Seek shareholder approval for the proposed business combination.
- Complete the business combination, bringing the target company public.
- Manage the transition of the target company to the public market.
How Does MAAQR Make Money?
- Mana Capital Acquisition Corp. operates as a blank check company with no operating history or revenue-generating activities until it completes a business combination.
- The company raises capital through an initial public offering (IPO) of units, consisting of shares of common stock and warrants.
- The funds raised in the IPO are held in a trust account and can only be used to finance a business combination or returned to investors if a business combination is not completed within a specified timeframe.
What Industry Does MAAQR Operate In?
Mana Capital Acquisition Corp. operates within the shell companies industry, specifically as a special purpose acquisition company (SPAC). The SPAC market has experienced periods of rapid growth and increased scrutiny. SPACs offer a faster route to public markets compared to traditional IPOs, but they also carry inherent risks, including the potential for overvaluation and the uncertainty of finding a suitable target. The success of a SPAC depends heavily on the quality of its management team and the attractiveness of the target company it identifies. The industry is competitive, with numerous SPACs vying for attractive acquisition targets.
Who Are MAAQR's Key Customers?
- Mana Capital's 'customers' are the investors who purchase shares in its IPO, seeking to profit from a successful business combination.
- Potential target companies in the healthcare, technology, green economy, and consumer products sectors seeking to go public through a merger with a SPAC.
- Institutional investors who may invest in the combined company after the business combination is completed.
Company Profile
Mana Capital Acquisition Corp. operates in the Shell Companies industry within the Financial Services sector. It is headquartered in Dover, US. MAAQR has traded publicly since 2022.
Key Financial Metrics
Return on assets is -81.6%, showing how much profit it generates from its asset base. A current ratio of 17.15 indicates the company holds enough short-term assets to cover its near-term obligations.
MAAQR Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in Mana Capital's future, indicating that key stakeholders believe in the company's potential.
- Community sentiment has shifted positively, with discussions around new strategic partnerships gaining traction.
- The recent focus on SPACs in the market has revived interest, positioning Mana Capital as a potential player in upcoming deals.
- Positive news regarding regulatory developments could enhance investor confidence, signaling a favorable environment for acquisitions.
Bear Case
- Concerns linger about the overall performance of SPACs, with many investors wary of potential underperformance in the sector.
- Community chatter reflects skepticism regarding Mana Capital's ability to secure a profitable merger, with doubts about their target selection.
- Recent market volatility has led to increased caution among investors, impacting sentiment negatively towards Mana Capital's prospects.
- Insider selling activity in the past raises questions about long-term commitment, creating uncertainty around the company's direction.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · April 2026
MAAQR Latest News
No recent news available for MAAQR.
Classification
Industry Shell CompaniesMAAQR Financial Services Stock FAQ
What happened to Mana Capital Acquisition Corp. (MAAQR) stock?
Mana Capital Acquisition Corp. (MAAQR) no longer trades on public markets. It was delisted in October 2022. The figures below are historical and are not a current quote.
Can I still buy MAAQR shares?
No. MAAQR stopped trading on public markets in October 2022, so the shares are not available through a broker. Anything you see quoted for MAAQR elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before MAAQR stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Mana Capital Acquisition Corp.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Mana Capital Acquisition Corp. do?
Mana Capital Acquisition Corp. is a special purpose acquisition company (SPAC), also known as a blank check company. It was formed to raise capital through an initial public offering (IPO) with the purpose of acquiring or merging with an existing private company. Mana Capital focuses on target businesses within the healthcare, technology, green economy, and consumer products sectors.
What do analysts say about MAAQR stock?
As a special purpose acquisition company (SPAC) prior to announcing a merger target, analyst coverage of MAAQR is typically limited. The stock's performance is largely driven by speculation about potential acquisition targets and the overall sentiment surrounding SPACs. Key valuation metrics are not applicable until a merger target is identified.
What are the main risks for MAAQR?
Investing in Mana Capital Acquisition Corp. carries significant risks inherent to the SPAC structure. The primary risk is the failure to identify and complete a business combination within the specified timeframe, which would result in the liquidation of the company and the return of capital to shareholders.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on publicly available sources and may be subject to change.
- The analysis is limited by the lack of detailed financial information for Mana Capital Acquisition Corp.