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FVT Fortress Value Acquisition Corp III

Fortress Value Acquisition Corp. III is a special purpose acquisition 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.

FVT stock data

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Calendar

11 May 21
29 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 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
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) 1.8M 1.8M
Cash burn (monthly) 617.62K 370.26K
Cash used (since last report) 2.44M 1.47M
Cash remaining -647.89K 331.12K
Runway (months of cash) -1.0 0.9

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
7 Jan 21 Marc Furstein Class A Common Stock, par value $0.0001 Buy Aquire P No No 0 30,000 0 30,000
7 Jan 21 Marc Furstein Warrants Class A common stock, par value $0.0001 Buy Aquire P No No 0 6,000 0 6,000
7 Jan 21 Bass Daniel Class A Common Stock, par value $0.0001 Buy Aquire P No No 0 4,000 0 4,000
7 Jan 21 Bass Daniel Warrants Class A common stock, par value $0.0001 Buy Aquire P No No 0 800 0 800
7 Jan 21 Pack Joshua A Class A Common Stock, par value $0.0001 Buy Aquire P No No 0 12,500 0 12,500
7 Jan 21 Pack Joshua A Warrants Class A common stock, par value $0.0001 Buy Aquire P No No 0 2,500 0 2,500
7 Jan 21 McKnight Andrew A. Class A Common Stock, par value $0.0001 Buy Aquire P No No 0 30,000 0 30,000
7 Jan 21 McKnight Andrew A. Warrants Class A common stock, par value $0.0001 Buy Aquire P No No 0 6,000 0 6,000
7 Jan 21 Alexander P Gillette Class A Common Stock, par value $0.0001 Buy Aquire P No No 0 2,500 0 2,500
7 Jan 21 Alexander P Gillette Warrants Class A common stock, par value $0.0001 Buy Aquire P No No 0 500 0 500

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

39.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 49 0 NEW
Opened positions 49 0 NEW
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 62.85M 0 NEW
Total shares 9.16M 0 NEW
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Empyrean Capital Partners 1.5M $0 NEW
Integrated Core Strategies 1.25M $0 NEW
Linden Advisors 686.1K $6.87M NEW
Magnetar Financial 605.64K $6.07M NEW
Healthcare Of Ontario Pension Plan Trust Fund 577.53K $5.79M NEW
HGC Investment Management 400K $4.01M NEW
Glazer Capital 369.44K $3.7M NEW
TIG Advisors 332.51K $3.33M NEW
Kepos Capital 329.14K $3.3M NEW
Citadel Advisors 312.72K $3.13M NEW
Largest transactions
Shares Bought/sold Change
Empyrean Capital Partners 1.5M +1.5M NEW
Integrated Core Strategies 1.25M +1.25M NEW
Linden Advisors 686.1K +686.1K NEW
Magnetar Financial 605.64K +605.64K NEW
Healthcare Of Ontario Pension Plan Trust Fund 577.53K +577.53K NEW
HGC Investment Management 400K +400K NEW
Glazer Capital 369.44K +369.44K NEW
TIG Advisors 332.51K +332.51K NEW
Kepos Capital 329.14K +329.14K NEW
Citadel Advisors 312.72K +312.72K NEW

Financial report summary

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Management Discussion
  • Since the Initial Public Offering, our activity has been limited to the search for a prospective initial Business Combination, and we will not be generating any operating revenues until the closing and completion of our initial Business Combination. 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 in connection with completing a Business Combination.
  • For the three months ended March 31, 2021, we had net loss of $2,100,614 which consisted of a non-cash loss of $2,396,195 related to the excess of fair value over the cash received for Private Placement Warrants, $495,479 related to offering costs related to warrant liabilities, $1,803,543 in general and administrative expenses and $49,315 in franchise tax expense. These losses and expenses were partially offset by $10,569 in interest income and a non-cash $2,633,349 decrease in fair value of warrant liabilities. General and administrative expenses of $1,803,543 is primarily comprised of professional fees.
Content analysis
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Constraining
Legalese
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Readability
Coll freshman Bad

Proxies

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