Axar Acquisition Corp.

Axar Acquisition Corp. (NYSE: AUMA) is a blank-check company sponsored by Axar Capital Management, a New York-based investment firm known for its focus on credit and special-situations strategies. The SPAC completed its initial public offering in 2016 and, as reflected in its 10-Q filing submitted to the SEC on May 8, 2017, was actively pursuing a business combination target at that time. The vehicle was oriented toward financial services and related sectors, consistent with Axar Capital Management's core investment expertise. AUMA represents a notable example of a credit-specialist sponsor entering the SPAC market during a period of heightened blank-check activity. Sign up at SpacDesk for full filing history, sponsor analytics, and deal-status data on AUMA and thousands of other SPACs.