# Hunter Maritime Acquisition

Hunter Maritime Acquisition is an other based in Majuro, Marshall Islands.

## Overview

- **Organization type:** other
- **Headquarters:** Majuro, Marshall Islands
- **Region:** Oceania
- **Address:** Majuro, Marshall Islands
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** huntermaritime.com

## Regulatory record

- **Reports private funds:** No

## About

Hunter Maritime Acquisition (NASDAQ: HUNTU) is a Special Purpose Acquisition Company formed to pursue a business combination with one or more entities. It is listed on the NASDAQ stock exchange.

## Sectors

- Maritime & Shipping

## People

- Hudson Dryden — Chairman

## Questions

### What was the specific acquisition mandate of Hunter Maritime Acquisition?

The SPAC's mandate, defined in its 2016 SEC filings, was to acquire one or more businesses involved in the ownership, operation, or management of ocean-going vessels. The focus was explicitly on the maritime sector, and the management team was prohibited from pursuing targets outside of this industry without shareholder approval.

### Who ran Hunter Maritime Acquisition?

Hudson Dryden served as Chairman of the board. Dryden brought experience from the shipping finance sector. The rest of the team was small, typical of a blank-check company with no operating assets, drawing from financial services and maritime backgrounds.

### How much capital did Hunter Maritime Acquisition raise?

Hunter Maritime raised $150 million in its November 2016 initial public offering on the Nasdaq. The proceeds were placed in a trust account, to be released only upon completion of a qualifying acquisition, or returned to public shareholders upon the trust's liquidation.

### What happened to investors' capital when Hunter Maritime dissolved?

Because no business combination was completed by the final extended deadline in 2019, the trust was liquidated. Public shareholders received their pro-rata share of the trust account, approximately $10.00 per share, and the SPAC's securities were delisted and ceased trading.

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Last updated: 2026-06-03T20:00:00.000Z

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