Class Acceleration Corp. (the “Company”) is a blank check company incorporated as a Delaware corporation on August 24, 2020. The Company was originally known as Class Acquisition Corporation. On November 16, 2020, the Company filed an amendment to its amended and restated certificate of incorporation to change its name to Class Acceleration Corp. The Company was 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 (“Business Combination”). The Company has not selected any specific business combination target and the Company has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target with respect to the Business Combination.
Company profile
Ticker
CLAS
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Class Acquisition Corp.
SEC CIK
CLAS stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
11 Jan 23
25-NSE
Exchange delisting
30 Dec 22
8-K
Class Acceleration Corp. Amends Charter and Announces Decision to Liquidate
27 Dec 22
DEF 14A
Definitive proxy
6 Dec 22
UPLOAD
Letter from SEC
2 Dec 22
PRE 14A
Preliminary proxy
15 Nov 22
10-Q
2022 Q3
Quarterly report
10 Nov 22
10-Q
2022 Q2
Quarterly report
18 Aug 22
NT 10-Q
Notice of late quarterly filing
16 Aug 22
8-K
Entry into a Material Definitive Agreement
15 Jun 22
Latest ownership filings
SC 13G/A
Beryl Capital Management LLC
13 Feb 23
SC 13G/A
GLAZER CAPITAL, LLC
13 Feb 23
SC 13G
Beryl Capital Management LLC
29 Nov 22
SC 13G
Saba Capital Management, L.P.
2 May 22
SC 13G
GLAZER CAPITAL, LLC
14 Feb 22
SC 13G/A
GILDER GAGNON HOWE & CO LLC
14 Feb 22
SC 13G
Class Acceleration Sponsor LLC
11 Feb 22
SC 13G
GILDER GAGNON HOWE & CO LLC
8 Feb 21
3
JOSEPH E PARSONS
25 Jan 21
3
Robert C. Daugherty
22 Jan 21
Financial summary
Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 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) | 23.57 k | 23.57 k | 23.57 k | 23.57 k | 23.57 k | 23.57 k |
Cash burn (monthly) | (no burn) | 49.93 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 940.28 k | n/a | n/a | n/a | n/a |
Cash remaining | n/a | -916.71 k | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | -18.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
13F holders | Current |
---|---|
Total holders | 68 |
Opened positions | 37 |
Closed positions | 18 |
Increased positions | 26 |
Reduced positions | 3 |
13F shares | Current |
---|---|
Total value | 278.64 mm |
Total shares | 28.33 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Class Acceleration Sponsor | 6.47 mm | $62.81 mm |
Glazer Capital | 1.55 mm | $15.33 mm |
Saba Capital Management | 1.29 mm | $12.76 mm |
Marshall Wace | 1.25 mm | $12.39 mm |
Vivaldi Asset Management | 1.20 mm | $11.85 mm |
Periscope Capital | 1.07 mm | $10.54 mm |
Magnetar Financial | 858.19 k | $8.48 mm |
Fir Tree Capital Management | 800.00 k | $7.90 mm |
Adage Capital Partners GP, L.L.C. | 750.00 k | $7.41 mm |
D. E. Shaw & Co. | 748.48 k | $7.40 mm |