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MVST Microvast

Tuscan Holdings Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses. The Company’s target business is not limited to a particular industry, and intends to focus on businesses in the cannabis industry. As of November 30, 2018, the Company was not engaged in any business operations and has not generated any revenue.

Company profile

Ticker
MVST, MVSTW
Exchange
CEO
Stephen A. Vogel
Employees
Incorporated
Location
Fiscal year end
Former names
Tuscan Holdings Corp.
SEC CIK
Subsidiaries
TSCN Merger Sub Inc. • MVST SPV Inc. ...
IRS number
832530757

MVST stock data

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Calendar

17 Aug 21
21 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 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
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Microvast 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) 66.48K 66.48K 66.48K 66.48K 66.48K 66.48K
Cash burn (monthly) (positive/no burn) 6.5K 677.88K 280.48K 240.4K 120.98K
Cash used (since last report) n/a 24.13K 2.52M 1.04M 892.38K 449.08K
Cash remaining n/a 42.35K -2.45M -974.69K -825.9K -382.61K
Runway (months of cash) n/a 6.5 -3.6 -3.5 -3.4 -3.2

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Sep 21 Sarah Beth Alexander Class A Common Stock Grant Acquire A No No 0 10,000 0 16,076
25 Aug 21 Sarah Beth Alexander Class A Common Stock Grant Acquire A No No 0 5,076 0 6,076
5 Aug 21 Wei Ying Class A Common Stock Grant Acquire A No No 0 7,577 0 17,333
4 Aug 21 Arthur Lap Tat Wong Class A Common Stock Grant Acquire A No No 0 4,002 0 13,758
30 Jul 21 Vogel Stephen A Class A Common Stock Grant Acquire A No No 0 8,894 0 168,650

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

1.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 49 54 -9.3%
Opened positions 8 54 -85.2%
Closed positions 13 0 NEW
Increased positions 11 0 NEW
Reduced positions 13 0 NEW
13F shares
Current Prev Q Change
Total value 51.13M 82.8M -38.3%
Total shares 3.81M 4.18M -8.8%
Total puts 511.4K 360.8K +41.7%
Total calls 1.33M 1.3M +1.7%
Total put/call ratio 0.4 0.3 +39.3%
Largest owners
Shares Value Change
Susquehanna International 688.48K $9.38M +224.1%
Alpine Global Management 611.27K $8.33M -1.8%
FNY Investment Advisers 406.88K $5.55M -46.9%
Owl Creek Asset Management 402.3K $5.48M +47.3%
Simplex Trading 209.61K $2.86M +350.5%
Westchester Capital Management 200K $2M NEW
Group One Trading 153.93K $2.1M NEW
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 135.75K $1.85M -65.8%
Verition Fund Management 100K $1.36M -0.1%
Arosa Capital Management 100K $1.36M 0.0%
Largest transactions
Shares Bought/sold Change
Marshall Wace North America 0 -527.58K EXIT
Susquehanna International 688.48K +476.07K +224.1%
FNY Investment Advisers 406.88K -359.98K -46.9%
Citadel Advisors 80.77K -322.35K -80.0%
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 135.75K -260.94K -65.8%
Westchester Capital Management 200K +200K NEW
Simplex Trading 209.61K +163.08K +350.5%
Group One Trading 153.93K +153.93K NEW
Owl Creek Asset Management 402.3K +129.11K +47.3%
Wolverine Trading 65.17K +65.17K NEW

Financial report summary

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Management Discussion
  • Our only activities through June 30, 2021 were organizational activities, those necessary to consummate the Initial Public Offering, described below, searching for a target company for a Business Combination, and activities in connection with the proposed acquisition of Microvast. We do not expect to generate any operating revenues until after the completion of our Business Combination. We generate non-operating income in the form of interest income on marketable securities held in the Trust Account. We incur 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 three months ended June 30, 2021, we had a net loss of $2,050,595, which consisted of operating costs of $543,914, change in the fair value of convertible promissory notes of $380,000, change in fair value of warrants of $1,119,810, unrealized losses of $420 and provision for incomes taxes of $16,954, offset by interest income of $10,503.
  • For the six months ended June 30, 2021, we had a net loss of $2,099,420, which consisted of change in the fair value of convertible promissory notes of $736,000 and operating costs of $1,434,843, offset by change in the fair value of warrants of $20,610, interest income of $46,299 and a benefit for income taxes of $4,514.
Content analysis
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Constraining
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