Ceres Acquisition Corp. was a publicly-traded special purpose acquisition company (SPAC) co-founded by music executive Scooter Braun and led by CEO Joe Crouthers. The company completed its initial public offering in March 2021, raising capital to acquire a business primarily within the cannabis industry and related sectors. In 2021, Ceres announced a definitive agreement to merge with Parallel, a vertically-integrated, multi-state cannabis operator. However, the merger was mutually terminated in late 2021. Having failed to complete a business combination within the timeframe permitted by its articles of incorporation, the company announced its intention to dissolve and liquidate in early 2023, returning its capital to shareholders.

Founded in

United States