Distoken Acquisition Corporation is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. While the Company may pursue an initial business combination opportunity in any business, industry, sector or geographical location, the Company intends to focus on businesses in the technology industry that have their primary operations located in Asia. The Company may undertake an initial business combination with a target business which is located in the People’s Republic of China, including the Hong Kong Special Administrative Region and the Macau Special Administrative Region of China. However, the Company will not undertake an initial business combination with a target business utilizing a variable interest entity, or VIE, structure nor will any post-combination business utilize a VIE structure.
Company profile
Ticker
DIST
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
DIST stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
16 Apr 24
NT 10-K
Notice of late annual filing
1 Apr 24
8-K
Entry into a Material Definitive Agreement
28 Feb 24
UPLOAD
Letter from SEC
5 Feb 24
CORRESP
Correspondence with SEC
1 Feb 24
UPLOAD
Letter from SEC
29 Jan 24
UPLOAD
Letter from SEC
20 Dec 23
8-K
Entry into a Material Definitive Agreement
16 Nov 23
10-Q
2023 Q3
Quarterly report
14 Nov 23
DEF 14A
Definitive proxy
23 Oct 23
Latest ownership filings
SC 13G/A
WOLVERINE ASSET MANAGEMENT LLC
25 Apr 24
SC 13G
First Trust Capital Management L.P.
14 Feb 24
SC 13G
GLAZER CAPITAL, LLC
14 Feb 24
SC 13G
WOLVERINE ASSET MANAGEMENT LLC
8 Feb 24
SC 13G
Wealthspring Capital LLC
8 Feb 24
SC 13D
Xiaosen Sponsor LLC
27 Feb 23
4
Jian Zhang
21 Feb 23
3
Yiwen Ma
14 Feb 23
3
Ning Wang
13 Feb 23
3
Jirong Lyu
13 Feb 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | |
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Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
Net income | ||
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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) | 348.70 k | 348.70 k | 348.70 k | 348.70 k | 348.70 k | 348.70 k |
Cash burn (monthly) | 64.27 k | (no burn) | (no burn) | (no burn) | 8.85 k | 15.53 k |
Cash used (since last report) | 445.75 k | n/a | n/a | n/a | 61.42 k | 107.75 k |
Cash remaining | -97.05 k | n/a | n/a | n/a | 287.28 k | 240.95 k |
Runway (months of cash) | -1.5 | n/a | n/a | n/a | 32.4 | 15.5 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 53 |
Opened positions | 3 |
Closed positions | 2 |
Increased positions | 8 |
Reduced positions | 9 |
13F shares | Current |
---|---|
Total value | 67.65 bn |
Total shares | 19.96 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Periscope Capital | 2.30 mm | $6.18 bn |
Xiaosen Sponsor | 2.27 mm | $23.13 mm |
Highbridge Capital Management | 1.48 mm | $281.47 mm |
Wolverine Asset Management | 1.03 mm | $4.05 bn |
Mint Tower Capital Management B.V. | 987.79 k | $5.29 mm |
Polar Asset Management Partners | 750.00 k | $2.68 bn |
Crystalline Management | 600.00 k | $2.14 bn |
Boothbay Fund Management | 561.44 k | $4.33 bn |
Atw Spac Management | 561.44 k | $2.75 bn |
Mangrove Partners | 525.09 k | $5.51 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 Feb 23 | Jian Zhang | Ordinary Shares | Buy | Acquire P | Yes | No | 10 | 545,000 | 5.45 mm | 2,270,000 |