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Mana Capital Acquisition Corp. (MAAQW) Stock Analysis

DELISTED 2022

What happened to Mana Capital Acquisition Corp. (MAAQW) stock?

Mana Capital Acquisition Corp. (MAAQW) no longer trades on public markets. It was delisted in October 2022. The figures below are historical and are not a current quote.

Vol: 23.0K| 52-wk range: $0.1924 – $0.22
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.

Mana Capital Acquisition Corp. (MAAQW) trades at $0.1999. Mana Capital Acquisition Corp. is a blank check company formed to pursue a merger, stock exchange, asset acquisition, or similar business combination. Sector: Financial services.

Last analyzed: Mar 18, 2026
Mana Capital Acquisition Corp. is a blank check company formed to pursue a merger, stock exchange, asset acquisition, or similar business combination. The company focuses on healthcare, technology, green economy, and consumer products sectors across North America, Europe, and Asia.

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

Watch the MAAQW film Every key number, told as a short cinematic story — just press play. ~2 min

Mana Capital Acquisition Corp. (MAAQW) Financial Services Profile

HeadquartersDover, US
IPO Year2022

Mana Capital Acquisition Corp. is a special purpose acquisition company (SPAC) targeting businesses in healthcare, technology, the green economy, and consumer products. Incorporated in 2021, it seeks a merger or acquisition in North America, Europe, or Asia, offering investors exposure to a potentially high-growth private company.

Data Provenance | Financial Data Quantitative Analysis Analysis: Mar 18, 2026

What Is the Investment Thesis for MAAQW?

As of Mar 18, 2026 — figures reflect the data available on that date.

Mana Capital Acquisition Corp. presents an investment opportunity tied to its ability to identify and merge with a high-growth company in the healthcare, technology, green economy, or consumer products sectors. The company's success depends on its management team's expertise in deal sourcing and execution. A potential catalyst is the announcement of a definitive merger agreement, which typically drives investor interest. However, risks include the failure to find a suitable target within the specified timeframe, leading to liquidation, and the potential for overpaying for an acquisition, which could erode shareholder value. With a negative P/E ratio of -0.63 and negative profit margin of -43832.5%, the company's financial performance is currently not profitable, highlighting the speculative nature of this investment.

Based on FMP financials and quantitative analysis

MAAQW Key Highlights

Incorporated in 2021, indicating a relatively new entity in the SPAC market.

  • Focus on healthcare, technology, green economy, and consumer products sectors, suggesting a broad investment mandate.
  • Geographic focus on North America, Europe, and Asia, providing a wide range of potential target companies.
  • Negative P/E ratio of -0.63, reflecting current losses and the speculative nature of the investment.
  • Negative Profit Margin of -43832.5%, highlighting the company's current lack of profitability.

Who Are MAAQW's Competitors?

MAAQW 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 MAAQW's Key Strengths?

Experienced management team.

  • Access to public capital markets.
  • Focus on high-growth sectors.
  • Flexibility to pursue a variety of acquisition targets.

What Are MAAQW's Weaknesses?

Dependence on identifying and acquiring a suitable target.

  • Competition from other SPACs.
  • Potential for overpaying for an acquisition.
  • Limited operating history.

What Could Drive MAAQW Stock Higher?

MAAQW catalyst: Announcement of a definitive merger agreement with a target company, which typically drives investor interest.

  • Successful completion of due diligence on potential target companies.
  • Positive market sentiment towards the SPAC market and the company's target sectors.

What Are the Key Risks for MAAQW?

Failure to find a suitable target within the specified timeframe, leading to liquidation.

  • Overpaying for an acquisition, which could erode shareholder value.
  • Increased regulatory scrutiny of SPACs, which could delay or prevent acquisitions.
  • Market volatility and economic downturn, which could negatively impact the company's ability to raise capital and complete acquisitions.

What Are the Growth Opportunities for MAAQW?

  • Successful Acquisition: Mana Capital's primary growth opportunity lies in successfully identifying and acquiring a high-growth company within its target sectors. The size of the potential market depends on the specific sector and target company, but successful acquisitions can lead to significant shareholder value creation. The timeline for this opportunity is dependent on the company's ability to find and close a deal, typically within 18-24 months of its IPO.
  • Geographic Expansion: By focusing on North America, Europe, and Asia, Mana Capital has access to a diverse pool of potential target companies. Expanding its geographic reach within these regions could uncover unique investment opportunities and diversify its portfolio. The timeline for this expansion is ongoing as the company actively seeks potential targets.
  • Sector Diversification: While currently focused on healthcare, technology, green economy, and consumer products, Mana Capital could consider expanding its sector focus to capitalize on emerging trends and opportunities. This could involve targeting industries such as artificial intelligence, cybersecurity, or fintech. The timeline for this diversification would depend on market conditions and the company's strategic priorities.
  • Strategic Partnerships: Forming strategic partnerships with industry experts, venture capital firms, or private equity firms could enhance Mana Capital's deal sourcing capabilities and provide access to a wider network of potential target companies. These partnerships could also provide valuable insights and expertise during the due diligence process. The timeline for establishing these partnerships is ongoing.
  • Operational Improvements: After acquiring a target company, Mana Capital can focus on implementing operational improvements to enhance the company's performance and profitability. This could involve streamlining operations, reducing costs, or expanding into new markets. The timeline for these improvements is dependent on the specific target company and its existing operations.

What Opportunities Does MAAQW Have?

  • Growing demand for SPACs as an alternative to traditional IPOs.
  • Increasing number of private companies seeking to go public.
  • Potential to acquire a disruptive company in a high-growth sector.
  • Expansion into new geographic markets.

What Are MAAQW's Competitive Advantages?

  • Management team's experience and expertise in deal sourcing and execution.
  • Access to capital through the public markets.
  • Ability to provide private companies with a faster and more efficient route to becoming publicly traded.
  • Established network of industry contacts and advisors.

What Does MAAQW Do?

Mana Capital Acquisition Corp., incorporated in 2021 and based in Dover, Delaware, is a special purpose acquisition company (SPAC). SPACs, also known as blank check companies, are formed to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing private company. Mana Capital intends to identify and merge with a company operating within the healthcare, technology, green economy, and consumer products sectors. Its geographic focus includes North America, Europe, and Asia. The company's primary activity involves seeking out potential target businesses that align with its investment criteria. This process includes conducting due diligence, negotiating terms, and ultimately executing a definitive agreement. Upon successful completion of an acquisition, the private company becomes publicly listed through the merger with Mana Capital, providing the target company access to public capital markets. Mana Capital's success hinges on its ability to identify and acquire a promising business that can deliver value to its shareholders. The company's structure allows private companies to bypass the traditional IPO process, offering a potentially faster and more efficient route to becoming publicly traded.

What Products and Services Does MAAQW Offer?

  • Identify and evaluate potential acquisition targets in the healthcare, technology, green economy, and consumer products sectors.
  • Conduct due diligence on potential target companies.
  • Negotiate and execute definitive merger agreements.
  • Raise capital through an initial public offering (IPO).
  • Merge with a target company, taking it public.
  • Provide the target company with access to public capital markets.

How Does MAAQW Make Money?

  • Raise capital through an IPO, issuing units consisting of shares of common stock and warrants.
  • Seek out and identify a private company to acquire through a merger or similar transaction.
  • Generate returns for shareholders through the appreciation of the acquired company's stock price.
  • Management team typically receives a percentage of the company's equity as compensation.

What Industry Does MAAQW Operate In?

Mana Capital Acquisition Corp. operates within the SPAC industry, a segment of the financial services sector characterized by companies formed to acquire private businesses and take them public. The SPAC market has experienced significant growth in recent years, driven by the desire of private companies to access public capital markets more quickly and efficiently than through traditional IPOs. However, the SPAC market is also highly competitive, with numerous SPACs vying for attractive acquisition targets. The success of a SPAC depends on its ability to identify and merge with a high-quality company at a reasonable valuation. Market trends indicate increased regulatory scrutiny and investor caution regarding SPACs, emphasizing the importance of thorough due diligence and sound investment strategies.

Who Are MAAQW's Key Customers?

  • Institutional investors seeking exposure to high-growth private companies.
  • Retail investors interested in participating in the SPAC market.
  • Private companies seeking a faster and more efficient route to becoming publicly traded.
AI Confidence: 66% Updated: Mar 18, 2026

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.

Company Profile

Mana Capital Acquisition Corp. operates in the Shell Companies industry within the Financial Services sector. It is headquartered in Dover, US. MAAQW has traded publicly since 2022.

MAAQW Financials

Fundamental Snapshot

Return on Equity (TTM)
-105.7%
Current Ratio
17.1

Based on FMP financials and quantitative analysis

Bull Case vs Bear Case

Bull Case

  • Recent insider buying suggests confidence in the company's future, indicating that those closest to the business believe in its potential.
  • Community sentiment has leaned positive, with discussions highlighting the company's strategic partnerships and growth opportunities.
  • Investors are optimistic about the upcoming regulatory changes that could benefit the acquisition space, positioning MAAQW favorably for future deals.
  • The market is buzzing about the potential for Mana Capital to tap into emerging industries, which could drive significant interest and investment.

Bear Case

  • Concerns have been raised about the overall market volatility, which could impact SPACs like MAAQW, leading to cautious sentiment among investors.
  • Recent discussions in the community have noted skepticism regarding the pace of acquisitions, with some doubting the company's ability to close deals quickly.
  • There is a prevailing worry that competition in the SPAC sector is intensifying, potentially limiting Mana Capital's ability to stand out.
  • Market perception remains cautious, with some investors citing past underperforming SPACs as a reason to be wary of new opportunities like MAAQW.

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

MAAQW Latest News

No recent news available for MAAQW.

What Investors Ask About Mana Capital Acquisition Corp. (MAAQW) — Financial Services

What happened to Mana Capital Acquisition Corp. (MAAQW) stock?

Mana Capital Acquisition Corp. (MAAQW) 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 MAAQW shares?

No. MAAQW stopped trading on public markets in October 2022, so the shares are not available through a broker. Anything you see quoted for MAAQW 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 MAAQW 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 sole purpose of acquiring an existing private company.

What do analysts say about MAAQW stock?

As a special purpose acquisition company (SPAC) without an identified target, traditional analyst ratings are typically not applicable to MAAQW. The stock's performance is largely driven by speculation surrounding potential merger targets and the overall sentiment towards the SPAC market.

What are the main risks for MAAQW?

The primary risk for Mana Capital Acquisition Corp. is the failure to identify and acquire a suitable target company within the specified timeframe, typically 18-24 months from its IPO. If no acquisition occurs, the company will be forced to liquidate, returning capital to shareholders but without any potential gains.

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
  • Information is based on publicly available sources and may be subject to change.
  • The analysis is for informational purposes only and does not constitute investment advice.
  • The speculative nature of SPAC investments should be carefully considered.
Data Sources

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