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ACKRELL SPAC Partners I (ACKIT)

Ackrell is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition in any business industry or sector, it intends to concentrate its efforts on identifying businesses in the branded fast-moving consumer goods industry.

Company profile

Calendar

15 Aug 22
1 Oct 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20
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) 195.11K 195.11K 195.11K 195.11K 195.11K 195.11K
Cash burn (monthly) (no burn) 6.83K 196.32K 193.82K 175.13K 64.77K
Cash used (since last report) n/a 20.89K 600.43K 592.8K 535.63K 198.1K
Cash remaining n/a 174.22K -405.32K -397.69K -340.51K -2.99K
Runway (months of cash) n/a 25.5 -2.1 -2.1 -1.9 -0.0

Beta Read what these cash burn values mean

69.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 30 4 +650.0%
Opened positions 26 1 +2500.0%
Closed positions 0 29 EXIT
Increased positions 1 0 NEW
Reduced positions 0 1 EXIT
13F shares Current Prev Q Change
Total value 33.43M 27.82M +20.2%
Total shares 9.89M 6.61M +49.7%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
ACKRELL SPAC Sponsors I 3.87M $0 0.0%
Feis Lawrence Michael 1.18M $12.06M 0.0%
MFG Mizuho Financial 1.15M $11.63M 0.0%
Radcliffe Capital Management 919.52K $9.46M +128.1%
Balyasny Asset Management 841.49K $84K NEW
Shaolin Capital Management 271.47K $27K NEW
Difesa Capital Management 169.78K $17K NEW
Basso Capital Management 162.92K $16K NEW
Yakira Capital Management 150K $15K NEW
Periscope Capital 145.19K $15K NEW
Largest transactions Shares Bought/sold Change
Balyasny Asset Management 841.49K +841.49K NEW
Radcliffe Capital Management 919.52K +516.31K +128.1%
Shaolin Capital Management 271.47K +271.47K NEW
Difesa Capital Management 169.78K +169.78K NEW
Basso Capital Management 162.92K +162.92K NEW
Yakira Capital Management 150K +150K NEW
Periscope Capital 145.19K +145.19K NEW
Castle Creek Arbitrage 142.12K +142.12K NEW
Context Capital Management 114.09K +114.09K NEW
Westchester Capital Management 95.15K +95.15K NEW

Financial report summary

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Management Discussion
  • We have neither engaged in any operations nor generated any revenues to date. Our only activities from inception through June 30, 2022 were organizational activities and those necessary to prepare for the IPO, described below, and searching for a prospective Initial Business Combination, including the proposed Blackstone Business Combination. We do not expect to generate any operating revenues until after the completion of our Initial Business Combination. We generate non-operating income in the form of interest income on cash and marketable securities held in the Trust Account and recognize changes in the fair value of warrant liabilities as other income (expense). 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 related to our search for targets for our Initial Business Combination and our efforts to consummate an Initial Business Combination.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
Coll. sophomore Bad
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Removed: Commission