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CCAC CITIC Capital Acquisition Corp

CITIC Capital Acquisition Corp. operates as a blank check company. The company 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 by Fanglu Wang on September 9, 2019 and is headquartered in Beijing, China.

Company profile

Ticker
CCAC, CCAC-UN
Exchange
NYSE
Website
www.spacbyccac.com
CEO
Fang Lu Wang
Employees
Location
China
Fiscal year end
Dec 31
Sector
Finance > Financial Conglomerates
Industry (SIC)
Blank Checks
Pershing Square Tontine • Foley Trasimene Acquisition II • Foley Trasimene Acquisition • Cohn Robbins • FTAC Olympus Acquisition • Reinvent Technology Partners • Dragoneer Growth Opportunities • TWC Tech Holdings II • E.Merge Technology Acquisition • RedBall Acquisition ...
SEC CIK
0001794621
Corporate docs

CCAC stock data

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)

Calendar

13 Nov 20
19 Jan 21
31 Dec 21

News

Financial summary

Financial statements Chart CCAC financial data
Quarter (USD) Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
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)
Cash on hand (at last report) 1.14M 1.14M
Cash burn (monthly) 61.48K 56.1K
Cash used (since last report) 225.8K 206.05K
Cash remaining 918.5K 938.25K
Runway (months of cash) 14.9 16.7

Beta Read what these cash burn values mean

Recent insider trades

CCAC insider ownership history Insider history
Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
10 Feb 20 CITIC Capital Acquisition Class B Ordinary Shares Class A Ordinary Shares Other Aquire J No 0 1,006,250 0 6,037,500
10 Feb 20 Henri Arif Class B Ordinary Shares Class A Ordinary Shares Other Aquire J No 0 143,750 0 862,500
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q3 2020

CCAC institutional ownership history Ownership history
20.6% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 23 26 -11.5%
Opened positions 16 4 +300.0%
Closed positions 19 31 -38.7%
Increased positions 3 3 –
Reduced positions 3 11 -72.7%
13F shares
 Current Prev Q Change
Total value 58.35M 11.94B -99.5%
Total shares 5.68M 12.43M -54.3%
Total puts 0 0
Total calls 0 764.78K EXIT
Total put/call ratio – – –
Largest owners
 Shares Value Change
Glazer Capital 1.58M $16.14M NEW
Magnetar Financial 1.3M $13.36M +2473.5%
Periscope Capital 764.47K $7.89M +23.0%
Segantii Capital Management 347.9K $3.57M NEW
Millennium Management 310K $3.18M -65.7%
JPM JPMorgan Chase & Co. 200K $2.05M NEW
Walleye Capital 187.18K $1.92M NEW
Mint Tower Capital Management B.V. 175K $1.8M NEW
Walleye Trading 166.84K $1.71M NEW
OMERS ADMINISTRATION 100K $1.03M NEW
Largest transactions
 Shares Bought/sold Change
Glazer Capital 1.58M +1.58M NEW
DB Deutsche Bank 0 -1.5M EXIT
Hudson Bay Capital Management 0 -1.37M EXIT
Linden Advisors 0 -1.36M EXIT
Magnetar Financial 1.3M +1.25M +2473.5%
Ubs Oconnor 0 -1.2M EXIT
Manufacturers Life Insurance Company, The 0 -1.15M EXIT
Shaolin Capital Management 0 -800K EXIT
Karpus Management 0 -670.5K EXIT
HBK Investments L P 0 -600K EXIT
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

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Management Discussion
  • Our entire activity from inception up to September 30, 2020 was related to our formation and the initial public offering. Since the initial public offering, our activity has been limited to the evaluation of business combination candidates, and we will not be generating any operating revenues until the closing and completion of our initial business combination. We expect to generate small amounts of non-operating income in the form of interest income on cash and investments. 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. We expect our expenses to increase substantially after this period.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
Coll. sophomore Bad
From filing 10-Q 2020 Q3

Financial reports

10-Q
2020 Q3
Quarterly report
13 Nov 20
10-Q
2020 Q2
Quarterly report
13 Aug 20
10-Q
2020 Q1
Quarterly report
11 May 20

Current reports

8-K
Departure of Directors or Certain Officers
7 May 20
8-K
CITIC Capital Acquisition Corp. Announces the Separate Trading of its Class A Ordinary
30 Mar 20
8-K
Index to Financial Statement
20 Feb 20
8-K
CITIC Capital Acquisition Corp. Announces Pricing of Upsized $240 Million Initial Public Offering
13 Feb 20

Registration and prospectus

424B4
Prospectus supplement with pricing info
12 Feb 20
8-A12B
Registration of securities on exchange
7 Feb 20
S-1/A
IPO registration (amended)
5 Feb 20
S-1/A
IPO registration (amended)
29 Jan 20
S-1
IPO registration
22 Jan 20
DRS
Draft registration statement
27 Nov 19

Proxies

No filings

Other

EFFECT
Notice of effectiveness
11 Feb 20
CORRESP
Correspondence with SEC
6 Feb 20
CORRESP
Correspondence with SEC
6 Feb 20
CORRESP
Correspondence with SEC
22 Jan 20
UPLOAD
Letter from SEC
23 Dec 19

Ownership

3
CITIC Capital Acquisition / Ross Haghighat ownership change
7 May 20
SC 13G
CITIC Capital Acquisition / INTEGRATED CORE STRATEGIES ownership change
20 Mar 20
SC 13G
Beneficial ownership report
19 Feb 20
4
Change in insider ownership
11 Feb 20
4
CITIC Capital Acquisition / Henri Arif ownership change
11 Feb 20
3
CITIC Capital Acquisition / Eric Kai Kong Chan ownership change
11 Feb 20
3
Initial statement of insider ownership
11 Feb 20
3
CITIC Capital Acquisition / Fanglu Wang ownership change
11 Feb 20
3
CITIC Capital Acquisition / Henri Arif ownership change
11 Feb 20