COVA Acquisition Corp. (the “Company”) is a blank check company incorporated as a Cayman Islands exempted company on December 11, 2020. The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses that the Company has not yet identified (“Business Combination”).
Company profile
Ticker
COVA, COVAW, COVAU
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Crescent Cove Acquisition Corp.
SEC CIK
Corporate docs
IRS number
981572360
COVA stock data
Latest filings (excl ownership)
15F-12B
Securities registration termination (foreign)
30 Dec 22
8-K
Entry into a Material Definitive Agreement
21 Dec 22
25-NSE
Exchange delisting
20 Dec 22
8-K
Submission of Matters to a Vote of Security Holders
15 Dec 22
425
Business combination disclosure
5 Dec 22
DEFA14A
Additional proxy soliciting materials
28 Nov 22
425
Business combination disclosure
21 Nov 22
425
Business combination disclosure
21 Nov 22
DEFM14A
Proxy related to merger
18 Nov 22
425
Business combination disclosure
14 Nov 22
Financial summary
Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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Cost of revenue | |||||
Operating income | |||||
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | |
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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) | 2.44 k | 2.44 k | 2.44 k | 2.44 k | 2.44 k | 2.44 k |
Cash burn (monthly) | (no burn) | 25.95 k | 237.76 k | 467.17 k | 547.85 k | 473.77 k |
Cash used (since last report) | n/a | 489.21 k | 4.48 mm | 8.81 mm | 10.33 mm | 8.93 mm |
Cash remaining | n/a | -486.77 k | -4.48 mm | -8.81 mm | -10.33 mm | -8.93 mm |
Runway (months of cash) | n/a | -18.8 | -18.8 | -18.8 | -18.8 | -18.8 |
Institutional ownership, Q3 2022
13F holders | Current |
---|---|
Total holders | 102 |
Opened positions | 5 |
Closed positions | 7 |
Increased positions | 19 |
Reduced positions | 25 |
13F shares | Current |
---|---|
Total value | 277.33 mm |
Total shares | 35.58 mm |
Total puts | 0.00 |
Total calls | 477.73 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Aristeia Capital | 2.56 mm | $16.57 mm |
Glazer Capital | 1.87 mm | $18.61 mm |
Polar Asset Management Partners | 1.83 mm | $11.45 mm |
Castle Creek Arbitrage | 1.82 mm | $12.07 mm |
Saba Capital Management | 1.42 mm | $13.65 mm |
Millennium Management | 1.35 mm | $13.40 mm |
Radcliffe Capital Management | 1.24 mm | $12.34 mm |
Marshall Wace | 1.24 mm | $12.29 mm |
Oribel Capital Management | 1.11 mm | $11.05 mm |
Periscope Capital | 1.03 mm | $7.56 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
20 Dec 22 | COVA Acquisition Sponsor | Class A Ordinary Share | Other | Dispose J | No | No | 0 | 5,250,000 | 0.00 | 0 |
20 Dec 22 | COVA Acquisition Sponsor | Class A Ordinary Share | Conversion | Acquire C | No | No | 0 | 5,250,000 | 0.00 | 5,250,000 |
20 Dec 22 | COVA Acquisition Sponsor | Warrants Class A Ordinary Shares | Other | Dispose J | No | No | 0 | 8,872,000 | 0.00 | 0 |
20 Dec 22 | COVA Acquisition Sponsor | Class B Ordinary Shares Class A Ordinary Shares | Conversion | Dispose C | No | No | 0 | 5,250,000 | 0.00 | 0 |
20 Dec 22 | COVA Acquisition Sponsor | Class B Ordinary Shares Class A Ordinary Shares | Sale back to company | Dispose D | No | No | 0 | 2,250,000 | 0.00 | 5,250,000 |