The Company is a newly organized blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition opportunity in any business, industry, sector or geographical location, it intends to pursue investments in a broad range of consumer products and services sectors, including, but not limited to, packaged and frozen foods, beverages, beer, wine and spirits, snacks, household products, pet products, consumer and marketing services and personal care products, including health and beauty and over-the-counter products. The Company is led by Chairman and Chief Executive Officer David Hooper, President and Chief Operating Officer Thomas Flocco, and Chief Financial Officer Todd Khoury. The Company’s website is www.authenticequityacquisitioncorp.com.
Company profile
Ticker
AEAC
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
AEAC stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
31 Jan 23
25-NSE
Exchange delisting
20 Jan 23
8-K
Authentic Equity Acquisition Corp. will redeem its Public Shares and will not consummate an initial business combination
6 Jan 23
10-Q
2022 Q3
Quarterly report
9 Nov 22
8-K
Entry into a Material Definitive Agreement
9 Sep 22
10-Q
2022 Q2
Quarterly report
10 Aug 22
10-Q
2022 Q1
Quarterly report
12 May 22
10-K
2021 FY
Annual report
25 Mar 22
8-K/A
Report of Independent Registered Public Accounting Firm
24 Feb 22
Latest ownership filings
SC 13G/A
BANK OF AMERICA CORP /DE/
13 Feb 24
SC 13G
GLAZER CAPITAL, LLC
14 Feb 23
SC 13G/A
BANK OF AMERICA CORP /DE/
14 Feb 23
SC 13G
MIZUHO FINANCIAL GROUP INC
14 Feb 23
SC 13G/A
GOLDMAN SACHS GROUP INC
13 Feb 23
SC 13G/A
ADAGE CAPITAL PARTNERS GP, L.L.C.
9 Feb 23
4
Timothy P O'Connor
27 Jan 23
4
Michael Feder Weinstein
27 Jan 23
4
Kathleen Griffin Stack
27 Jan 23
4
Change in insider ownership
27 Jan 23
Financial summary
Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | |
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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) | 8.02 k | 8.02 k | 8.02 k | 8.02 k | 8.02 k | 8.02 k |
Cash burn (monthly) | 14.05 k | 54.34 k | 62.20 k | 83.99 k | 22.38 k | 50.59 k |
Cash used (since last report) | 261.85 k | 1.01 mm | 1.16 mm | 1.57 mm | 417.14 k | 942.74 k |
Cash remaining | -253.82 k | -1.00 mm | -1.15 mm | -1.56 mm | -409.12 k | -934.72 k |
Runway (months of cash) | -18.1 | -18.5 | -18.5 | -18.5 | -18.3 | -18.5 |
Institutional ownership, Q1 2023
66.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 1 |
Closed positions | 53 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 10.76 bn |
Total shares | 15.32 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Authentic Equity Sponsor | 13.53 mm | $132.00 mm |
MFG Mizuho Financial | 1.56 mm | $0.00 |
Mizuho Markets Americas | 231.54 k | $10.63 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Jan 23 | Authentic Equity Sponsor | Class B Ordinary Shares Class A Ordinary Shares | Other | Dispose J | No | No | 0 | 6,924,999 | 0.00 | 1 |
25 Jan 23 | Kathleen Griffin Stack | Class B Ordinary Shares Class A Ordinary Shares | Other | Dispose J | No | No | 0 | 25,000 | 0.00 | 0 |
25 Jan 23 | Michael Feder Weinstein | Class B Ordinary Shares Class A Ordinary Shares | Other | Dispose J | No | No | 0 | 25,000 | 0.00 | 0 |
25 Jan 23 | Timothy P O'Connor | Class B Ordinary Shares Class A Ordinary Shares | Other | Dispose J | No | No | 0 | 25,000 | 0.00 | 0 |