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
Website
CEO
Larry M. Paulson
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
KE • Realogy • Realogy • Jones Lang Lasalle • Marriott Vacations Worldwide • Opendoor • RE/MAX • Redfin • Marcus & Millichap • Newmark ...
Former names
NOVASTAR FINANCIAL INC
SEC CIK
Corporate docs
IRS number
742830661
NOVC stock data
()
Investment data
Securities sold
Number of investors
Calendar
13 May 21
29 Jul 21
31 Dec 21
Financial summary
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Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
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Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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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) | 1.01M | 1.01M | 1.01M | 1.01M | 1.01M | 1.01M |
| Cash burn (monthly) | 109.67K | 48.17K | 459K | 767.92K | 109.67K | 47.83K |
| Cash used (since last report) | 434.32K | 190.76K | 1.82M | 3.04M | 434.32K | 189.44K |
| Cash remaining | 576.68K | 820.24K | -806.82K | -2.03M | 576.68K | 821.56K |
| Runway (months of cash) | 5.3 | 17.0 | -1.8 | -2.6 | 5.3 | 17.2 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 3 Jun 21 | Keddie Lee D | Common Stock | Sell | Dispose S | No | No | 0.0402 | 182,833 | 7.35K | 850,000 |
| 19 May 21 | Keddie Lee D | Common Stock | Sell | Dispose S | No | No | 0.0457 | 191,000 | 8.73K | 1,032,833 |
| 18 May 21 | Keddie Lee D | Common Stock | Sell | Dispose S | No | No | 0.0509 | 109,500 | 5.57K | 1,223,833 |
| 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 |
Financial report summary
?Competition
Kelly ServicesContent analysis
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| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
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H.S. sophomore Avg
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New words:
diluted, dilutive, excluded, prepayment, test, travel, utilized, worker
Removed:
Acceptance, addressing, affirmed, AG, Agency, agent, anticipatory, approved, asserting, aware, Bank, barred, breach, Capital, CDO, Central, certiorari, claim, claimed, claiming, closing, compensatory, confirmation, consequential, conservator, coordinated, covenant, Ct, CTS, cure, DB, dealing, decision, defective, defense, Deutsche, disallow, discharged, Discontinuance, documentation, equitable, essentially, established, expunge, Extender, extent, failed, failure, faith, Fargo, financing, forwarded, Freddie, fully, futile, goodwill, Greenwich, home, Housing, identifying, II, implied, indemnified, Indemnity, interlocutory, issue, item, Kodiak, letter, light, line, liquidating, list, Mac, matter, misleading, National, notify, November, objection, ordered, overseeing, partial, participate, payoff, PLC, portfolio, Preferred, purportedly, RBS, reached, recessionary, registration, reorganization, resurgence, retail, Royal, ruled, Scotland, short, specific, statute, stipulation, Structured, support, Taberna, terminating, trust, Trustee, underwrote, Union, unspecified, upfront, Voluntary, Wachovia, Waldburger, withdrawn, writ
Financial reports
10-Q
2021 Q1
Quarterly report
13 May 21
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
Current reports
8-K
Entry into a Material Definitive Agreement
16 Jul 21
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
Registration and prospectus
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
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
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
4
NOVATION COMPANIES / Lee D Keddie ownership change
4 Jun 21
4
NOVATION COMPANIES / Lee D Keddie ownership change
20 May 21
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
Reddit threads
Almost 1M shares trade 66% Shorted on $NOVC Novation Co on NO NEWS, Other Negative Narrative created by Board while they take at less than ONE CENT 50M Shrs; 18M RSU for BOARD + 31.3M NOVC Common for Note Holders hidden behind CDOs Fortress/Taberna I & II 67% & EJF Capital/Kodiak CDO One 33%
29 Jul 21
$DSCR is on its 6th consecutive green day, currently up 25% and is only trading at a little over a penny. Check the DD, this could run. Similar stocks have run to .20+
27 Jul 21
Novation Co $NOVC Connection with Frank Bazos Dartmouth BA and Harvard MBA joins $WTM with $1.5M Sign on/ Now GONE but staying involved as Special Advisor
26 Jul 21
The Truth about ex MREIT Novastar Financial Inc. ex NYSE $NFI now Novation Companies, Inc. OTCBB $NOVC
19 Jul 21
Novation Companies $NOVC Controlled By Fortress, Sub of SoftBank $SFTBY & Mass Mutual Barings & EJF Capital Files 8K That Contradicts All SEC Filings
18 Jul 21
Novation Companies Inc. OTCBB $NOVC filed 8K 7/16/21 Here IMO is why!
17 Jul 21
Small Count own 30M Novation Co $NOVC + 90M shrs held by Controlling Inv. (MassMutual Barings 19.3M, NOVC Chairman & his cabal 40M + 31.3M common given to Note Holders hidden behind CDOs Fortress/Taberna CDO & www.EJFCap.com/ Kodiak CDO = 1
7 Jul 21
$NOVC share price could be close to 60 if NOVC Board & Note Holders were transparent plus annual dividend estimate 3 to 6 per share.
7 Jul 21
Tools used as weapons to monetize Billions & generate hundreds of millions every year at Drive Shack $DS aka per www.driveshack.com Dec 2016 Shareholder presentation by Wesley Edens, Chairman of DS aka Newcastle Board. Fortress split of $NRZ&SNR sold for 2.3B before name chg. $NOVC must be next.
5 Jul 21
Rumor Several very close to Chairman of Novation Companies Inc. OTCBB $NOVC have rendered a guess that NOVC Board is playing nice with Note Holders own 31M NOVC Common Shares (Fortress holds CDOs Taberna I & II and EJF Capital www.ejfcap.com hold Kodiak CDO One, 1.3rd of NOVC Debt.) READ ON!
5 Jul 21