Enterprise 4.0 Technology Acquisition Corp: management transactions · United States · SEC (Form 4)

About Enterprise 4.0 Technology Acquisition Corp

Enterprise 4.0 Technology Acquisition Corp. was a SPAC incorporated as a Cayman Islands exempted company on May 3, 2021, created to pursue a merger, share exchange, asset acquisition, share purchase, reorganization, or another similar business combination. In other words, it was not an operating company with a conventional commercial model; it was a public-market acquisition vehicle built to take a private business into the public markets. For investors in France, Belgium, and Switzerland, the key market reference is the U.S. listing environment, with the company filing with the SEC and trading in the NYSE/NASDAQ ecosystem. The company was organized under U.S.-style capital markets disclosure rules, even though its legal domicile was the Cayman Islands. From a business perspective, Enterprise 4.0 Technology Acquisition Corp. focused its search for targets within the technology industry, specifically along the “Enterprise 4.0” trend line. That positioning suggests an interest in software, digital transformation, cloud, enterprise infrastructure, automation, and adjacent technology-enabled sectors. However, as a SPAC, the company itself did not sell products or services in the traditional sense prior to a business combination. Its role was to raise capital in an IPO, keep the proceeds in trust or low-risk instruments, and identify an acquisition target that could justify a public listing. The company’s competitive position depended less on branded products and more on sponsor quality, deal-sourcing capability, market timing, and execution credibility. In the SPAC market, those factors matter because investors are effectively underwriting management’s ability to source a compelling transaction, negotiate acceptable terms, and complete the combination within the required timeline. Enterprise 4.0 was associated with a principal executive office in Burlingame, California, at 533 Airport Blvd, Suite 400, which places it in the broader San Francisco Bay Area technology corridor. A major recent development is that the company ultimately announced in July 2023 that it would redeem 100% of its outstanding Class A ordinary shares because it would not be able to consummate an initial business combination within the timeframe required by its organizational documents. This is the defining event in its recent history and materially changes the investment case: the company moved from acquisition search mode to liquidation mode. As a result, Enterprise 4.0 Technology Acquisition Corp. should be viewed less as an operating technology platform and more as a completed SPAC lifecycle case study, with the decisive focus for shareholders shifting to redemption mechanics, liquidation process, and any residual value distribution.