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IGNY Ignyte Acquisition

Ignyte Acquisition Corp. is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with one or more businesses or entities. The Company’s efforts to identify a prospective target business will not be limited to any particular industry or geographic region, although the Company currently intends to focus on target businesses in the life sciences, biotechnology and healthcare sectors. The Company is led by Chairman and Co-Chief Executive Officer, David Rosenberg, Co-Chief Executive Officer, David J. Strupp, Jr., and Chief Financial Officer, Steven Kaplan.

IGNY stock data

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Calendar

16 Aug 21
24 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 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) 550.47K 550.47K
Cash burn (monthly) 10.49K 36.99K
Cash used (since last report) 39.98K 140.96K
Cash remaining 510.49K 409.51K
Runway (months of cash) 48.6 11.1

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Mar 21 David J. Strupp Common Stock, par value $0.0001 Buy Acquire P No No 0 5,399 0 10,000
11 Mar 21 David J. Strupp Common Stock Warrants Common Stock Buy Acquire P No No 11.5 2,699.5 31.04K 5,000
10 Mar 21 Steven Neil Kaplan Common Stock, par value $0.0001 Buy Acquire P No No 0 5,000 0 5,000
10 Mar 21 Steven Neil Kaplan Common Stock Warrants Common Stock Buy Acquire P No No 11.5 2,500 28.75K 2,500
10 Mar 21 David J. Strupp Common Stock, par value $0.0001 Buy Acquire P No No 0 4,601 0 4,601
10 Mar 21 David J. Strupp Common Stock Warrants Common Stock Buy Acquire P No No 11.5 2,300.5 26.46K 2,300.5

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

47.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 26 18 +44.4%
Opened positions 10 18 -44.4%
Closed positions 2 0 NEW
Increased positions 5 0 NEW
Reduced positions 6 0 NEW
13F shares
Current Prev Q Change
Total value 34.16M 27.65M +23.5%
Total shares 3.44M 3.01M +14.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Flynn James E 725K $7.62M 0.0%
Phillip MD Frost Et Al 450K $4.64M 0.0%
K2 Principal Fund 344.33K $3.33M +140.1%
Saba Capital Management 222.28K $2.15M +48.5%
Hudson Bay Capital Management 200K $1.94M 0.0%
Davidson Kempner Capital Management 176.21K $1.71M NEW
Karpus Management 165.85K $1.61M +2.3%
Periscope Capital 150K $1.45M -33.3%
Mangrove Partners 126.84K $1.23M 0.0%
Citadel Advisors 114.98K $1.11M -31.4%
Largest transactions
Shares Bought/sold Change
K2 Principal Fund 344.33K +200.89K +140.1%
Linden Advisors 0 -182.79K EXIT
Davidson Kempner Capital Management 176.21K +176.21K NEW
Boothbay Fund Management 101.2K +101.2K NEW
Atw Spac Management 100K +100K NEW
Periscope Capital 150K -75K -33.3%
Saba Capital Management 222.28K +72.58K +48.5%
Citadel Advisors 114.98K -52.61K -31.4%
Cohanzick Management 50.4K +50.4K NEW
Radcliffe Capital Management 100K -50K -33.3%

Financial report summary

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Management Discussion
  • Our entire activity since inception up to June 30, 2021 relates to our formation, the Initial Public Offering and, since the closing of the Initial Public Offering, a search for a Business Combination candidate. We will not be generating any operating revenues until the closing and completion of our initial Business Combination, at the earliest.
Content analysis
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Proxies

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