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Financial Performance
Financial Overview
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Company Profile
Company Details
Full Name
Motion Acquisition Corp.
Country
United States
CEO
Michael Burdiek
Stock Information
Ticker Symbol
MOTN
Stock Exchange
NASDAQ
Industry
Blank Checks / SPAC
Unique Identifier
NASDAQ: MOTN
IPO Date
October 15, 2020
Description
Motion Acquisition is a newly organized, blank check company incorporated as a Delaware corporation and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. While we may pursue an initial target business in any stage of its corporate evolution or in any industry or sector, we initially intend to focus our search on target businesses in the telematics industry, which includes companies that provide transportation software technology solutions for fleet management, freight and logistics, and connected vehicle applications. We may pursue an initial business combination target in any geographic region. We will seek to capitalize on the reputations, significant experience and contacts of our management team to complete an initial business combination. The business executives that compose our management team are recognized pioneers in the transportation software and technology sector and possess a proven track record of success operating and leading private and public companies in this domain. Collectively, our management team has founded, operated and grown businesses accounting for more than $1 billion of annualized global telematics industry revenues, primarily involving Software as a Service (SaaS) applications.