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 • Marriott Vacations Worldwide • Jones Lang Lasalle • Opendoor • Bluegreen Vacations • RE/MAX • Redfin • Realogy • Marcus & Millichap ...
Former names
NOVASTAR FINANCIAL INC
SEC CIK
Corporate docs
IRS number
742830661
NOVC stock data
()
Investment data
Securities sold
Number of investors
Calendar
4 Mar 21
13 Apr 21
31 Dec 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Cost of revenue | |||||
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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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 |
Recent insider trades
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 |
Financial report summary
?Competition
Kelly ServicesContent analysis
?
Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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New words:
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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
Financial reports
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
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
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 / 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
Reddit threads
No penny stock aligns a common investor with more experienced & powerful investors then $NOVC
9 Apr 21
SoftBank sits on Billion dollar stock under it's Sub Fortress
9 Apr 21
NOVC Debt Holders (CDOs owned by Fortress and EJF Capital) are also largest Common Holders 31.3M shares 9M common + 2.250M ten year warrants at one cent strike and have been since Aug 2019
8 Apr 21
Softbank sits on Billion Dollar assets controlled by it's sub Fortress
30 Mar 21
Stupid f*****g automod I didn't make this for you to tell me you've seen it before. Also 🚀🚀🚀
26 Mar 21
Blackrock bought over 3million shares according to their Friday filling of Novan
7 Feb 21
This is an EXTREMELY useful subreddit. There is so much DD to make informed choices. To the people who have been on this subreddit prior to this year....THANK YOU!
7 Feb 21
Best Penny Stock to get into on Monday?
7 Feb 21
AMC - WHAT TO EXPECT TODAY.
29 Jan 21