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Far Point Acquisition (GB)

Far Point Acquisition Corp. is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded in 2018 and is headquartered in New York, NY.

Company profile

Ticker
GB, FPAC-UN, FPAC
Exchange
CEO
Thomas W. Farley
Employees
Incorporated
Location
Fiscal year end
SEC CIK

GB stock data

Calendar

9 Aug 20
2 Jul 22
31 Dec 22
Quarter (USD) Jun 20 Mar 20 Sep 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
38.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 61 68 -10.3%
Opened positions 19 30 -36.7%
Closed positions 26 13 +100.0%
Increased positions 12 21 -42.9%
Reduced positions 20 12 +66.7%
13F shares Current Prev Q Change
Total value 714.34M 754.08M -5.3%
Total shares 69.86M 74.63M -6.4%
Total puts 0 0
Total calls 31.67K 33.33K -5.0%
Total put/call ratio
Largest owners Shares Value Change
Third Point 15.69M $160.69M -20.3%
Silver Lake Group, L.L.C. 9.49M $97.15M NEW
Glazer Capital 8.04M $82.29M +30.0%
Basso Capital Management 3.43M $35.17M NEW
BlueCrest Capital Management 2.53M $25.92M -43.4%
WRB W.R. Berkley 2.5M $25.64M +32.7%
Periscope Capital 2.44M $25.03M +55.7%
Davidson Kempner Capital Management 2.08M $21.35M -20.0%
Millennium Management 1.83M $18.78M -20.9%
Kepos Capital 1.62M $16.56M 0.0%
Largest transactions Shares Bought/sold Change
Silver Lake Group, L.L.C. 9.49M +9.49M NEW
Alyeska Investment 0 -4.08M EXIT
Third Point 15.69M -4M -20.3%
Basso Capital Management 3.43M +3.43M NEW
Healthcare Of Ontario Pension Plan Trust Fund 0 -2.25M EXIT
Polar Asset Management Partners 0 -2.15M EXIT
BlueCrest Capital Management 2.53M -1.94M -43.4%
Ubs Oconnor 0 -1.93M EXIT
Fir Tree Capital Management 0 -1.88M EXIT
Glazer Capital 8.04M +1.86M +30.0%

Financial report summary

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Management Discussion
  • Our entire activity had been related to our formation, Initial Public Offering, which was consummated on June 14, 2018, and since the Initial Public Offering, our activity has been limited to the search for a prospective Initial Business Combination, and we will not be generating any operating revenues until the closing and completion of our Initial Business Combination. We expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.
  • For the year ended December 31, 2019, we had net income of approximately $9.0 million, which consisted of approximately $14.4 million in interest and investment income, offset by approximately $2.1 million in general and administrative costs, approximately $195,000 in franchise tax expense, and approximately $3.0 million in income tax expense.
  • For the period from February 23, 2018 (inception) through December 31, 2018, we had net income of approximately $4.6 million, which consisted of approximately $7.2 million in investment income from the Trust Account, offset by approximately $988,000 in general and administrative costs, approximately $117,000 in franchise tax expense, and approximately $1.5 million in income tax expense.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
Coll freshman Bad
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Removed: Codification, collectively, consummate, managed