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KURI Alkuri Global Acquisition

Ark Global Acquisition Corp. is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. While Ark Global Acquisition Corp. may pursue a business combination in any industry, the company intends to favor next-generation technology businesses led by visionary founders and teams leveraging data and artificial intelligence in the areas of Consumer Internet and Marketplaces, Healthtech, Fintech and Mobility.

Company profile

Ticker
KURI, KURIU, KURIW
Exchange
Employees
Incorporated
Location
Fiscal year end
Former names
ARK GLOBAL ACQUISITION CORP.
SEC CIK
IRS number
854168339

KURI stock data

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Calendar

13 Aug 21
21 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) 70.82K 70.82K 70.82K
Cash burn (monthly) 81.43K 2.16M (positive/no burn)
Cash used (since last report) 303.4K 8.04M n/a
Cash remaining -232.58K -7.97M n/a
Runway (months of cash) -2.9 -3.7 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
18 Oct 21 Williams Rich Class A Common Stock Buy Acquire P No No 10.08 3,175 32K 3,175
18 Oct 21 Williams Rich Warrant Class A Common Stock Buy Acquire P No No 1.42 6,250 8.88K 6,250

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

11.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 39 114 -65.8%
Opened positions 5 114 -95.6%
Closed positions 80 0 NEW
Increased positions 5 0 NEW
Reduced positions 16 0 NEW
13F shares
Current Prev Q Change
Total value 42.74M 7.2B -99.4%
Total shares 3.87M 30.81M -87.5%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Magnetar Financial 359.38K $3.69M +0.3%
Context Capital Management 355.19K $3.64M -5.3%
Islet Management 348.36K $3.57M 0.0%
BlueCrest Capital Management 300K $3.08M 0.0%
Kepos Capital 289K $2.97M -39.2%
Calamos Advisors 250K $2.57M 0.0%
Diameter Capital Partners 232K $2.38M NEW
Soros Fund Management 200K $2.05M 0.0%
Susquehanna International 169.39K $1.74M -23.5%
Millennium Management 163.83K $1.68M -80.7%
Largest transactions
Shares Bought/sold Change
Glazer Capital 0 -2.41M EXIT
RP Investment Advisors 0 -2.28M EXIT
Aristeia Capital 0 -1.75M EXIT
Empyrean Capital Partners 0 -1.73M EXIT
Saba Capital Management 0 -1.05M EXIT
Periscope Capital 0 -1M EXIT
Marshall Wace 0 -928.36K EXIT
Apollo Management 0 -922.15K EXIT
NMR Nomura 25K -714.24K -96.6%
Millennium Management 163.83K -686.18K -80.7%

Financial report summary

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Management Discussion
  • We have neither engaged in any operations nor generated any revenues to date. Our only activities from December 1, 2020 (inception) through June 30, 2021 were organizational activities, those necessary to prepare for the Initial Public Offering, described below, and identifying a target company for a Business Combination. We do not expect to generate any operating revenues until after the completion of our Business Combination. We generate non-operating income in the form of interest income on marketable securities held in the Trust Account. We incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.
Content analysis
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Legalese
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Readability
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