We are not presently engaged in, and we will not engage in, any substantive commercial business until the closing of our initial business combination. We intend to utilize cash derived from the proceeds of our initial public offering and the private placement of private units, our share capital, debt or a combination of these in effecting a business combination. Although substantially all of the net proceeds of our initial public offering and the private placement of private units are intended to be applied generally toward effecting a business combination as described in this Report, the proceeds are not otherwise being designated for any more specific purposes. Accordingly, investors are investing without first having an opportunity to evaluate the specific merits or risks of any one or more business combinations. A business combination may involve the acquisition of, or merger with, a company which does not need substantial additional capital but which desires to establish a public trading market for its shares, while avoiding what it may deem to be adverse consequences of undertaking a public offering itself. These include time delays, significant expense, loss of voting control and compliance with various Federal and state securities laws. In the alternative, we may seek to consummate a business combination with a company that may be financially unstable or in its early stages of development or growth. While we may seek to effect simultaneous business combinations with more than one target business, we will probably have the ability, as a result of our limited resources, to effect only a single business combination.
Company profile
Website
CEO
Dimitri Elkin
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Twelve Seas Investment Co
SEC CIK
Corporate docs
Latest filings (excl ownership)
8-K
Twelve Seas and Brooge Holdings Announce Shareholder Approval of Business Combination
26 Dec 19
25-NSE
Exchange delisting
20 Dec 19
425
Business combination disclosure
18 Dec 19
8-K
Other Events
18 Dec 19
DEFA14A
Additional proxy soliciting materials
18 Dec 19
8-K
Twelve Seas and Brooge Holdings Announce Irrevocable Waiver of Net Cash Closing Condition
11 Dec 19
DEFA14A
Additional proxy soliciting materials
11 Dec 19
425
Business combination disclosure
10 Dec 19
DEFA14A
Additional proxy soliciting materials
25 Nov 19
8-K
1 November 2019 Investor Presentation
25 Nov 19
Latest ownership filings
SC 13G/A
Beneficial ownership report (amended)
13 Feb 20
SC 13G/A
Beneficial ownership report (amended)
10 Feb 20
SC 13G
Twelve Seas Investment Co
19 Aug 19
SC 13G
Beneficial ownership report
29 Mar 19
SC 13G/A
Beneficial ownership report (amended)
13 Feb 19
SC 13G
Twelve Seas Investment Co
11 Feb 19
SC 13G
Beneficial ownership report
19 Jul 18
SC 13D
Twelve Seas Investment Co
2 Jul 18
4
Dimitri Elkin
29 Jun 18
4
Dimitri Elkin
26 Jun 18
Financial summary
Quarter (USD) | Sep 19 | Jun 19 | Mar 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 18 | |
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Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
Net income | ||
Net profit margin | ||
Cash on hand | ||
Change in cash | ||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 43.37 k | 43.37 k | 43.37 k | 43.37 k | 43.37 k | |
Cash burn (monthly) | 7.74 k | 24.18 k | 155.13 k | 123.90 k | 15.68 k | |
Cash used (since last report) | 423.55 k | 1.32 mm | 8.49 mm | 6.78 mm | 857.85 k | |
Cash remaining | -380.18 k | -1.28 mm | -8.44 mm | -6.73 mm | -814.48 k | |
Runway (months of cash) | -49.1 | -52.9 | -54.4 | -54.4 | -51.9 |
Institutional ownership, Q3 2020
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|