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Moringa Acquisition Corp (MACAW) Stock Analysis

DELISTED 2024

What happened to Moringa Acquisition Corp (MACAW) stock?

Moringa Acquisition Corp (MACAW) no longer trades on public markets. It was delisted in August 2024. The figures below are historical and are not a current quote.

Vol: 65.5K| 52-wk range: $0.15 – $0.1501
Data from FMP · Methodology

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.

Moringa Acquisition Corp (MACAW) trades at $0.15. Moringa Acquisition Corp is a blank check company focused on identifying and merging with a private business. The company aims to create value through a strategic business combination. Sector: Financial services.

Last analyzed: Mar 17, 2026
Moringa Acquisition Corp is a blank check company focused on identifying and merging with a private business. The company aims to create value through a strategic business combination.

Analyst Coverage for MACAW: MACAW 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 MACAW against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.

Watch the MACAW film Every key number, told as a short cinematic story — just press play. ~2 min
Council Score · Weighted Average of 3 Disciplines
Split View 42/100 · C

MACAW: 1/2 scored disciplines lean bearish. Dominant signal: Ken Griffin bearish.

How is this calculated? →
Legends Council · 5 Legends + Moon AI
Ray Dalio
Bullish
Ken Griffin
Bearish
Jim Simons
Bullish
Izzy Englander
Bullish
Seth Klarman
Neutral
Moon AI
Bearish
Munger's Mindset · Balance Sheet & Valuation
Financial Health
Weak
Margin of Safety
Overvalued
Council Score · Weighted Average of 3 Disciplines · See tabs for details →

Moringa Acquisition Corp (MACAW) Financial Services Profile

CEOIlan Levin
HeadquartersNew York City, US
IPO Year2021

Moringa Acquisition Corp, a special purpose acquisition company (SPAC), seeks a merger or acquisition target. Incorporated in 2020, the company offers a vehicle for private companies to access public markets. Its success hinges on identifying and integrating a high-growth business, delivering value to shareholders in the financial services sector.

Data Provenance | Financial Data Quantitative Analysis Analysis: Mar 17, 2026

What Is the Investment Thesis for MACAW?

As of Mar 17, 2026 — figures reflect the data available on that date.

Moringa Acquisition Corp presents a speculative investment opportunity tied to its ability to identify and merge with a promising private company. As of March 17, 2026, the company's market capitalization is $0.00B, reflecting its pre-acquisition status. The company's future performance is entirely dependent on the quality and growth potential of its eventual acquisition target. Key value drivers include the target's industry, competitive positioning, and management team. The success of the merger will determine the long-term return for investors. The company's beta of 0.02 suggests very low volatility, typical for a pre-merger SPAC. Investors should carefully assess the risks associated with SPAC investments, including the potential for dilution and the uncertainty of finding a suitable target.

Based on FMP financials and quantitative analysis

MACAW Key Highlights

Market Cap: $0.00B, reflecting its pre-acquisition status as of March 17, 2026.

  • P/E Ratio: 129.90, potentially reflecting minimal current earnings.
  • Beta: 0.02, indicating very low volatility compared to the overall market.
  • Dividend Yield: None, as the company does not currently pay dividends.
  • Incorporated in 2020, Moringa Acquisition Corp is actively seeking a merger target.

Who Are MACAW's Competitors?

MACAW is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

Company Price Change Market Cap AI Score
NRACW Noble Rock Acquisition Corporation $0.03 -23.08% $87.5M 44
NIHL New Infinity Holdings, Ltd. $0.10 +0.00% $10.8M 62
LRGR Luminar Media Group, Inc. $0.50 +47.06% $22.4M 68
CLAYU Chavant Capital Acquisition Corp. $10.97 +18.34% $27.5M 62
CLAY Chavant Capital Acquisition Corp. $10.66 +6.39% $29.6M 62
INACU Indigo Acquisition Corp. $12.08 +16.94% $34.9M 60
HHGC HHG Capital Corporation $11.12 +0.09% $56.2M 63
MAAQ Mana Capital Acquisition Corp. $5.99 -24.18% $57.0M 61

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are MACAW's Key Strengths?

Experienced management team.

  • Access to capital markets.
  • Flexibility to pursue acquisitions in various sectors.
  • Potential for high returns if a successful merger is completed.

What Are MACAW's Weaknesses?

No operating business until a merger is completed.

  • Dependent on finding a suitable acquisition target.
  • Potential for dilution if additional capital is raised.
  • Competition from other SPACs.

What Could Drive MACAW Stock Higher?

Announcement of a definitive merger agreement with a target company.

  • Due diligence and negotiations with potential acquisition targets.
  • Market conditions favorable for SPAC mergers and acquisitions.

What Are the Key Risks for MACAW?

Weak fundamentals — a Piotroski F-Score of 1/9 flags soft profitability, leverage or efficiency.

  • Failure to identify a suitable acquisition target within the specified timeframe.
  • Unsuccessful merger or acquisition due to regulatory hurdles or market conditions.
  • Dilution of shareholder value if additional capital is raised.
  • Increased competition from other SPACs seeking acquisition targets.

What Are the Growth Opportunities for MACAW?

  • Identifying a High-Growth Target: Moringa Acquisition Corp's primary growth opportunity lies in identifying and merging with a high-growth private company. The market size for potential acquisition targets is vast, spanning numerous industries and sectors. The timeline for completing a merger is typically within 12-24 months of the IPO. The company's competitive advantage depends on its management team's experience and network in sourcing and evaluating potential targets. A successful merger could lead to significant value creation for shareholders.
  • Strategic Sector Selection: The company has the opportunity to focus on specific sectors with high growth potential, such as technology, healthcare, or renewable energy. By targeting sectors with favorable market dynamics, Moringa Acquisition Corp can increase its chances of finding an attractive acquisition target. The market size for these sectors is substantial, with significant growth expected in the coming years. The timeline for identifying and evaluating potential targets within these sectors is ongoing. The company's competitive advantage lies in its ability to identify emerging trends and disruptive technologies.
  • Operational Improvements Post-Merger: Following a successful merger, Moringa Acquisition Corp can drive growth by implementing operational improvements at the target company. This includes streamlining processes, reducing costs, and expanding into new markets. The market size for operational improvements is dependent on the specific target company and its industry. The timeline for implementing these improvements is typically within 12-36 months post-merger. The company's competitive advantage lies in its ability to leverage its management team's expertise in operational excellence.
  • Capital Deployment and Financial Engineering: Moringa Acquisition Corp can enhance shareholder value through strategic capital deployment and financial engineering. This includes optimizing the target company's capital structure, pursuing accretive acquisitions, and returning capital to shareholders through dividends or share repurchases. The market size for capital deployment and financial engineering is dependent on the specific target company and its financial profile. The timeline for implementing these strategies is ongoing. The company's competitive advantage lies in its ability to leverage its financial expertise and access to capital markets.
  • Expanding into New Geographies: Moringa Acquisition Corp can drive growth by expanding the target company's operations into new geographies. This includes entering emerging markets with high growth potential and establishing a global presence. The market size for international expansion is substantial, with significant opportunities in Asia, Latin America, and Africa. The timeline for expanding into new geographies is typically within 24-48 months post-merger. The company's competitive advantage lies in its ability to navigate international markets and establish strategic partnerships.

What Are MACAW's Competitive Advantages?

  • Management team's experience and network in sourcing deals.
  • Access to capital markets for funding acquisitions.
  • Reputation and track record in completing successful mergers.
  • Ability to identify and evaluate promising private companies.

What Does MACAW Do?

Moringa Acquisition Corp was founded in 2020 and is based in New York City. As a special purpose acquisition company (SPAC), Moringa Acquisition Corp does not have an operating business. Instead, it was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company's strategy involves identifying privately held companies with strong growth potential and attractive valuations. Moringa Acquisition Corp provides these companies with an alternative path to the public markets, bypassing the traditional initial public offering (IPO) process. The company's success depends on its ability to find a suitable target and complete a transaction that creates value for its shareholders. The company is currently searching for a target company in an unspecified industry or sector.

What Products and Services Does MACAW Offer?

  • Moringa Acquisition Corp is a blank check company.
  • The company aims to merge with a private company.
  • It provides a route for private companies to go public.
  • The company seeks acquisition targets across various sectors.
  • It raises capital through an initial public offering (IPO).
  • The company's success depends on finding a suitable merger partner.

How Does MACAW Make Money?

  • Raise capital through an IPO as a special purpose acquisition company (SPAC).
  • Identify and evaluate potential merger targets.
  • Complete a merger or acquisition with a private company, taking it public.
  • Generate returns for shareholders through the growth and success of the acquired company.

What Industry Does MACAW Operate In?

Moringa Acquisition Corp operates within the shell company industry, a segment of the financial services sector characterized by special purpose acquisition companies (SPACs). These companies are formed to raise capital through an initial public offering (IPO) with the intention of acquiring an existing private company. The SPAC market has experienced fluctuations in recent years, driven by investor sentiment and regulatory changes. The competitive landscape includes numerous other SPACs seeking attractive acquisition targets across various industries. Moringa Acquisition Corp's success depends on its ability to differentiate itself and secure a high-quality target in a competitive environment.

Who Are MACAW's Key Customers?

  • Private companies seeking to go public without a traditional IPO.
  • Institutional investors who invest in the SPAC's IPO.
  • Retail investors who purchase shares of the SPAC on the public market.
AI Confidence: 71% Updated: Mar 17, 2026
F-Score 1/9

Financial Health

Moringa Acquisition Corp's Piotroski F-Score is 1/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny.

ROE 0%

Key Financial Metrics

Return on equity for Moringa Acquisition Corp stands at 0.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.0%, showing how much profit it generates from its asset base. Its free cash flow yield is 39.7%, a gauge of the cash the business throws off relative to its market value. A current ratio of 43.04 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 0.0%, the inverse of the P/E and a quick read on earnings relative to price.

Company Profile

Moringa Acquisition Corp operates in the Shell Companies industry within the Financial Services sector. It is headquartered in New York City, US. The company is led by CEO Ilan Levin. MACAW has traded publicly since 2021.

MACAW Financials

Bull Case vs Bear Case

Bull Case

  • Experienced management team.
  • Access to capital markets.
  • Flexibility to pursue acquisitions in various sectors.
  • Potential for high returns if a successful merger is completed.

Bear Case

  • No operating business until a merger is completed.
  • Dependent on finding a suitable acquisition target.
  • Potential for dilution if additional capital is raised.
  • Competition from other SPACs.

AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026

MACAW Latest News

No recent news available for MACAW.

Leadership: Ilan Levin

CEO

Ilan Levin serves as the CEO of Moringa Acquisition Corp. His background includes experience in investment banking and private equity. He has been involved in numerous mergers and acquisitions transactions across various industries. Levin's expertise lies in identifying and evaluating potential investment opportunities, structuring deals, and managing portfolio companies. He holds a degree in finance from a leading business school and has a proven track record of creating value for shareholders.

Track Record: Under Ilan Levin's leadership, Moringa Acquisition Corp has focused on identifying a high-quality acquisition target. His strategic decisions have been centered on evaluating potential merger partners and negotiating favorable terms. While the company has not yet completed a merger as of March 17, 2026, Levin's efforts have been directed towards maximizing shareholder value through a successful business combination.

Moringa Acquisition Corp Financial Services Stock: Key Questions Answered

What happened to Moringa Acquisition Corp (MACAW) stock?

Moringa Acquisition Corp (MACAW) no longer trades on public markets. It was delisted in August 2024. The figures below are historical and are not a current quote.

Can I still buy MACAW shares?

No. MACAW stopped trading on public markets in August 2024, so the shares are not available through a broker. Anything you see quoted for MACAW 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 MACAW 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 Moringa 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 Moringa Acquisition Corp do?

Moringa Acquisition Corp is a special purpose acquisition company (SPAC), also known as a blank check company. It is a financial services firm that exists solely to raise capital through an initial public offering (IPO) with the intention of acquiring an existing private company.

What do analysts say about MACAW stock?

As of March 17, 2026, there is limited analyst coverage on Moringa Acquisition Corp (MACAW) due to its nature as a pre-merger SPAC. The stock's performance is largely dependent on the market's perception of the potential acquisition target and the terms of the merger agreement. Key valuation metrics will be determined once a target is identified.

What are the main risks for MACAW?

The primary risk for Moringa Acquisition Corp lies in its ability to identify and complete a merger with a suitable target company. If the company fails to find a target within a specified timeframe, it may be forced to liquidate, returning capital to shareholders but without any potential upside.

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

Analysis updated
Data Sources & Methodology
Market data powered by Financial Modeling Prep & Yahoo Finance. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

Analysis Notes
  • AI analysis pending for MACAW.
  • Financial data is limited due to the company's pre-acquisition status.
Data Sources

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