Progress Acquisition Corp. is a blank check 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. While the Company may pursue an acquisition in any business industry or sector, it intends to focus on opportunities in media, entertainment, and technology, with an emphasis on attractive targets that fall in the digital ecosystem.
Company profile
Ticker
PGRW
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
853303412
PGRW stock data
Latest filings (excl ownership)
25-NSE
Exchange delisting
9 May 23
8-K
Other Events
8 May 23
8-K
Departure of Directors or Certain Officers
5 May 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
26 Apr 23
8-K
Progress Acquisition Corp. Cancels Special Meeting of Stockholders
25 Apr 23
8-K
Submission of Matters to a Vote of Security Holders
17 Apr 23
DEF 14A
Definitive proxy
4 Apr 23
NT 10-K
Notice of late annual filing
31 Mar 23
PRE 14A
Preliminary proxy
22 Mar 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
27 Jan 23
Latest ownership filings
4
JEFFREY A ALTMAN
23 May 23
SC 13G
COWEN AND COMPANY, LLC
16 May 23
4
Change in insider ownership
15 May 23
3
Initial statement of insider ownership
15 May 23
SC 13G
Walleye Capital LLC
14 Apr 23
SC 13G
Owl Creek Asset Management, L.P.
5 Apr 23
3
JEFFREY A ALTMAN
5 Apr 23
SC 13G/A
Point72 Asset Management, L.P.
14 Feb 23
SC 13G/A
Saba Capital Management, L.P.
14 Feb 23
SC 13G
Point72 Asset Management, L.P.
11 Oct 22
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) | 21.08 k | 21.08 k | 21.08 k | 21.08 k | 21.08 k | 21.08 k |
Cash burn (monthly) | (no burn) | 14.12 k | 286.89 k | 222.34 k | 100.85 k | 66.72 k |
Cash used (since last report) | n/a | 263.29 k | 5.35 mm | 4.15 mm | 1.88 mm | 1.24 mm |
Cash remaining | n/a | -242.21 k | -5.33 mm | -4.13 mm | -1.86 mm | -1.22 mm |
Runway (months of cash) | n/a | -17.2 | -18.6 | -18.6 | -18.4 | -18.3 |
Institutional ownership, Q4 2022
13F holders | Current |
---|---|
Total holders | 4 |
Opened positions | 0 |
Closed positions | 55 |
Increased positions | 1 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 50.43 mm |
Total shares | 5.63 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Progress Capital I | 4.31 mm | $42.05 mm |
Linden Capital | 860.00 k | $8.39 mm |
Owl Creek Asset Management | 257.30 k | $0.00 |
Walleye Capital | 199.86 k | $0.00 |
Saba Capital Management | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 May 23 | Owl Creek Asset Management | Ordinary Shares, no par value per share | Other | Dispose J | Yes | No | 10.4024 | 257,300 | 2.68 mm | 0 |
9 May 23 | Cowen | Class A Common Stock | Other | Dispose J | Yes | No | 10.29 | 100,000 | 1.03 mm | 0 |
24 Mar 23 | Cowen | Class A Common Stock | Buy | Acquire P | Yes | No | 10.5459 | 950 | 10.02 k | 100,000 |
3 Mar 23 | Cowen | Class A Common Stock | Sell | Dispose S | Yes | No | 10.39 | 75 | 779.25 | 99,050 |
24 Feb 23 | Cowen | Class A Common Stock | Sell | Dispose S | Yes | No | 10.35 | 100 | 1.04 k | 99,125 |
22 Feb 23 | Cowen | Class A Common Stock | Sell | Dispose S | Yes | No | 10.33 | 100 | 1.03 k | 99,225 |
13 Feb 23 | Cowen | Class A Common Stock | Sell | Dispose S | Yes | No | 10.35 | 100 | 1.04 k | 99,325 |
9 Feb 23 | Cowen | Class A Common Stock | Sell | Dispose S | Yes | No | 10.35 | 400 | 4.14 k | 99,425 |
8 Feb 23 | Cowen | Class A Common Stock | Sell | Dispose S | Yes | No | 10.37 | 100 | 1.04 k | 99,825 |
6 Feb 23 | Cowen | Class A Common Stock | Sell | Dispose S | Yes | No | 10.37 | 75 | 777.75 | 99,925 |