H.I.G. Acquisition Corp is a newly incorporated blank check company 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 is sponsored by H.I.G. Acquisition Advisors, LLC, an affiliate of H.I.G. Capital, LLC (“HIG”). H.I.G. Acquisition Corp., led by its Chief Executive Officer Brian Schwartz, a Co-President of HIG, and its President Rob Wolfson, an Executive Managing Director of HIG, will not be limited to a particular industry or geographic region in its identification and acquisition of a target company. The Company plans to leverage HIG’s deal-sourcing network, which has investment experience in the healthcare, technology, media and telecommunications, services, industrial, consumer and other sectors.
Company profile
Ticker
HIGA, HIGA-UN, HIGAW
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
HIGA stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
4 Nov 22
25-NSE
Exchange delisting
24 Oct 22
8-K
H.I.G. Acquisition Corp. Announces Redemption Price Per
21 Oct 22
25-NSE
Exchange delisting
17 Oct 22
8-K
H.I.G. Acquisition Corp. Announces Redemption of Class A Ordinary Shares
14 Oct 22
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
4 Oct 22
10-Q
2022 Q2
Quarterly report
12 Aug 22
10-Q
2022 Q1
Quarterly report
16 May 22
10-K
2021 FY
Annual report
29 Mar 22
Latest ownership filings
SC 13G/A
Arena Capital Advisors, LLC- CA
13 Feb 23
SC 13G/A
H.I.G. Acquisition Advisors, LLC
10 Feb 23
SC 13G/A
INTEGRATED CORE STRATEGIES (US) LLC
9 Feb 23
4
Robby B Wolfson
2 Nov 22
4
Change in insider ownership
2 Nov 22
4
Brian D Schwartz
2 Nov 22
4
SIDNEY TAUREL
2 Nov 22
4
WILLIAM MITCHELL
2 Nov 22
4
Andreas Beroutsos
2 Nov 22
4
Christopher J OConnell
2 Nov 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | |
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Revenue | |||
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Operating income | |||
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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) | 3.94 k | 3.94 k | 3.94 k | 3.94 k | 3.94 k | 3.94 k |
Cash burn (monthly) | 83.00 | 43.67 | 178.66 k | 161.93 k | 1.52 mm | 1.05 mm |
Cash used (since last report) | 1.81 k | 951.49 | 3.89 mm | 3.53 mm | 33.03 mm | 22.89 mm |
Cash remaining | 2.13 k | 2.99 k | -3.89 mm | -3.52 mm | -33.03 mm | -22.89 mm |
Runway (months of cash) | 25.6 | 68.4 | -21.8 | -21.8 | -21.8 | -21.8 |
Institutional ownership, Q3 2022
13F holders | Current |
---|---|
Total holders | 74 |
Opened positions | 70 |
Closed positions | 2 |
Increased positions | 0 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 506.70 mm |
Total shares | 47.45 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
H.I.G. Acquisition Advisors | 8.96 mm | $90.57 mm |
Glazer Capital | 3.61 mm | $36.25 mm |
Linden Capital | 2.43 mm | $23.74 mm |
Integrated Core Strategies | 2.12 mm | $20.76 mm |
Aristeia Capital | 1.75 mm | $17.55 mm |
Millennium Management | 1.68 mm | $16.84 mm |
Periscope Capital | 1.61 mm | $16.11 mm |
Sculptor Capital | 1.57 mm | $15.76 mm |
Marshall Wace | 1.55 mm | $15.59 mm |
Linden Advisors | 1.43 mm | $14.32 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Nov 22 | H.I.G. Acquisition Advisors | Class B ordinary shares Class A ordinary shares | Sale back to company | Dispose D | No | No | 0 | 8,958,624 | 0.00 | 1 |
1 Nov 22 | Brian D Schwartz | Class B ordinary shares Class A ordinary shares | Sale back to company | Dispose D | No | No | 0 | 8,958,624 | 0.00 | 1 |
1 Nov 22 | Taurel Sidney | Class B ordinary shares Class A ordinary shares | Sale back to company | Dispose D | No | No | 0 | 35,000 | 0.00 | 0 |
1 Nov 22 | William Mitchell | Class B ordinary shares Class A ordinary shares | Sale back to company | Dispose D | No | No | 0 | 35,000 | 0.00 | 0 |
1 Nov 22 | Robby B Wolfson | Class B ordinary shares Class A ordinary shares | Sale back to company | Dispose D | No | No | 0 | 8,958,624 | 0.00 | 1 |