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NOVC Novation Companies

Novus Capital Corp. operates as a blank check company. It seeks to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more target businesses. The company was founded on March 5, 2020 and is headquartered in Indianapolis, IN.

Company profile

Ticker
NOVC
Exchange
OTC
Website
novuscapitalcorporation.com
CEO
Larry M. Paulson
Employees
Incorporated
Maryland
Location
Missouri
Fiscal year end
Dec 31
Sector
Finance > Financial Conglomerates
Industry (SIC)
Real Estate Agents & Managers (For Others)
KE • Realogy • Marriott Vacations Worldwide • Jones Lang Lasalle • Opendoor • Bluegreen Vacations • RE/MAX • Redfin • Realogy • Marcus & Millichap ...
Former names
NOVASTAR FINANCIAL INC
SEC CIK
0001025953
Corporate docs
IRS number
742830661

NOVC stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

4 Mar 21
13 Apr 21
31 Dec 21

Financial summary

Financial statements Chart NOVC financial data
Quarter (USD)
 Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.34M 1.34M 1.34M 1.34M 1.34M 1.34M
Cash burn (monthly) (positive/no burn) 57.67K 413K 761.75K (positive/no burn) 56.42K
Cash used (since last report) n/a 198.14K 1.42M 2.62M n/a 193.85K
Cash remaining n/a 1.14M -79.07K -1.28M n/a 1.15M
Runway (months of cash) n/a 19.8 -0.2 -1.7 n/a 20.3

Beta Read what these cash burn values mean

Recent insider trades

NOVC insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Mar 21 David William Pointer Common Stock Sell Dispose S No No 0.042 794,043 33.35K 2,000,000
10 Mar 21 David William Pointer Common Stock Sell Dispose S No No 0.0467 1,263,078 58.99K 2,794,043
10 Mar 21 David William Pointer Common Stock Sell Dispose S No No 0.0411 205,957 8.46K 4,057,121
9 Mar 21 David William Pointer Common Stock Sell Dispose S No No 0.0707 210,290 14.87K 4,263,078
8 Mar 21 Amster Howard Common Stock Sell Dispose S No No 0.0773 250,000 19.33K 250,000
8 Mar 21 David William Pointer Common Stock Sell Dispose S No No 0.0773 526,632 40.71K 4,473,368
3 Feb 21 David William Pointer Common Stock Grant Aquire A No No 0 2,000,000 0 5,000,000
13 Nov 20 Igdaloff Barry Common Stock Sell Dispose S No No 0.02 2,109,579 42.19K 3,829,707
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Financial report summary

?
Competition
Kelly Services
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: accuracy, alter, Banc, challenging, condensed, contributor, coverage, diagnosed, duration, environment, exposed, hamper, instrument, larger, layoff, onset, pandemic, permanent, Phenixfin, premium, prepaid, quarantined, rehired, safety, scale, segment, shut, strain, travel, TSR, vaccine
Removed: addressing, anticipatory, assumed, ASU, automatically, buyout, calculation, classified, compensatory, computation, confirmation, confirming, consecutive, consequential, consisted, coordinated, Corvisa, curve, dealing, defective, documentation, EBITA, effected, emergence, exploring, faith, favor, forecast, formula, fourth, FSB, gain, guaranteeing, guaranty, implied, lapse, lessee, letter, list, marketable, membership, notify, overcollateralization, potentially, precedent, prime, proof, reclassified, Rector, renewed, reorganization, repaid, resigned, resolution, retained, retrospective, revised, revolving, Richard, seller, shoretel, Society, subsequent, subsequently, supplemented, tied, vest, vesting, voluntary, Wilmington, withdrawn
From filing 10-K 2020 FY

Financial reports

View all
10-K
2020 FY
Annual report
4 Mar 21
10-Q
2020 Q3
Quarterly report
12 Nov 20
10-Q
2020 Q2
Quarterly report
13 Aug 20
10-Q
2020 Q1
Quarterly report
13 May 20
10-K
2019 FY
Annual report
23 Mar 20
10-Q
2019 Q3
Quarterly report
13 Nov 19
10-Q
2019 Q2
Quarterly report
12 Aug 19
10-Q
2019 Q1
Quarterly report
13 May 19
10-K
2018 FY
Annual report
28 Mar 19
10-Q
2018 Q3
Quarterly report
13 Nov 18

Current reports

View all
8-K
Submission of Matters to a Vote of Security Holders
13 Dec 19
8-K
Departure of Directors or Certain Officers
25 Sep 19
8-K
Entry into a Material Definitive Agreement
4 Jan 19
8-K
Amendments to Articles of Incorporation or Bylaws
14 Dec 18
8-K
Submission of Matters to a Vote of Security Holders
10 Oct 18
8-K
Entry into a Material Definitive Agreement
24 Jul 18
8-K
Departure of Directors or Certain Officers
17 Apr 18
8-K
Departure of Directors or Certain Officers
27 Mar 18
8-K/A
ITEM 9.01(a) - Audited Financial Statements of Business Acquired
10 Jan 18
8-K
Entry into a Material Definitive Agreement
19 Nov 17

Registration and prospectus

View all
S-8
Registration of securities for employees
21 Sep 20
S-8
Registration of securities for employees
6 Aug 15
S-8
Registration of securities for employees
18 Jun 14
15-12G
Securities registration termination
3 Aug 11
SC TO-I/A
Issuer tender offer statement (amended)
30 Jun 11
424B3
Prospectus supplement
31 May 11
424B3
Prospectus supplement
12 May 11
424B3
Prospectus supplement
3 May 11
425
Business combination disclosure
3 May 11
SC TO-I/A
Issuer tender offer statement (amended)
3 May 11

Proxies

View all
DEFA14A
Additional proxy soliciting materials
31 Oct 19
DEF 14A
Definitive proxy
31 Oct 19
DEF 14A
Definitive proxy
5 Sep 18
PRE 14A
Preliminary proxy
16 Aug 18
DEF 14A
Definitive proxy
28 Apr 16
DEFA14A
Additional proxy soliciting materials
28 Apr 16
PRE 14A
Preliminary proxy
7 Apr 16
DEF 14A
Definitive proxy
31 May 15
DEFA14A
Additional proxy soliciting materials
31 May 15
PRE 14A
Preliminary proxy
21 May 15

Other

View all
UPLOAD
Letter from SEC
21 Jul 11
CORRESP
Correspondence with SEC
17 Jul 11
CORRESP
Correspondence with SEC
12 Jul 11
CORRESP
Correspondence with SEC
5 Jul 11
UPLOAD
Letter from SEC
4 Jul 11
EFFECT
Notice of effectiveness
1 May 11
CORRESP
Correspondence with SEC
27 Apr 11
CORRESP
Correspondence with SEC
17 Apr 11
CORRESP
Correspondence with SEC
13 Apr 11
UPLOAD
Letter from SEC
6 Mar 11

Ownership

View all
4
NOVATION COMPANIES / David William Pointer ownership change
12 Mar 21
4
NOVATION COMPANIES / David William Pointer ownership change
10 Mar 21
4
NOVATION COMPANIES / Howard Amster ownership change
9 Mar 21
4
NOVATION COMPANIES / David William Pointer ownership change
5 Feb 21
4
NOVATION COMPANIES / BARRY IGDALOFF ownership change
16 Nov 20
4
NOVATION COMPANIES / Howard Amster ownership change
1 Sep 20
4
NOVATION COMPANIES / BARRY IGDALOFF ownership change
31 Aug 20
4
NOVATION COMPANIES / David William Pointer ownership change
26 Aug 20
4
NOVATION COMPANIES / BARRY IGDALOFF ownership change
20 Aug 20
4
NOVATION COMPANIES / Howard Amster ownership change
12 Jun 20

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