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Independence (ACQR)

Independence Holdings Corp. is a newly-organized, blank check special purpose acquisition company (SPAC). The Company intends to leverage its deep financial and investing experience, extensive deal flow and large contact networks in order to pursue exceptional opportunities with high-quality growth companies in its focus sectors of financial technology (“FinTech”), software and tech-enabled services (although it may consider transactions in other industries). The Company’s focus is on targeting entities with transaction enterprise values between approximately $1 billion and $5 billion, although it may target companies valued above or below that range.

ACQR stock data

Calendar

18 Aug 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 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
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) 837.85K 837.85K 837.85K 837.85K 837.85K 837.85K
Cash burn (monthly) 84.64K 59.89K 104.07K 109.17K (no burn) (no burn)
Cash used (since last report) 250.02K 176.9K 307.41K 322.49K n/a n/a
Cash remaining 587.83K 660.95K 530.44K 515.36K n/a n/a
Runway (months of cash) 6.9 11.0 5.1 4.7 n/a n/a

Beta Read what these cash burn values mean

13F holders Current Prev Q Change
Total holders 77 5 +1440.0%
Opened positions 73 3 +2333.3%
Closed positions 1 69 -98.6%
Increased positions 0 1 EXIT
Reduced positions 1 0 NEW
13F shares Current Prev Q Change
Total value 5.55B 31.24M +17662.9%
Total shares 42.79M 3.18M +1244.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Citadel Advisors 3.8M $37.28M NEW
NMR Nomura 2.75M $26.91M NEW
Sculptor Capital 2.39M $23.46M NEW
Adage Capital Partners GP, L.L.C. 2.26M $22.13M NEW
Marshall Wace 2.1M $20.59M NEW
Millennium Management 1.84M $18.08M NEW
Integrated Core Strategies 1.82M $17.69M 0.0%
Glazer Capital 1.55M $15.15M NEW
HBCYF HSBC 1.53M $15.04M NEW
Weiss Asset Management 1.51M $14.85M NEW
Largest transactions Shares Bought/sold Change
Citadel Advisors 3.8M +3.8M NEW
NMR Nomura 2.75M +2.75M NEW
Sculptor Capital 2.39M +2.39M NEW
Adage Capital Partners GP, L.L.C. 2.26M +2.26M NEW
Marshall Wace 2.1M +2.1M NEW
Millennium Management 1.84M +1.84M NEW
Glazer Capital 1.55M +1.55M NEW
HBCYF HSBC 1.53M +1.53M NEW
Weiss Asset Management 1.51M +1.51M NEW
Taconic Capital Advisors 1.23M +1.23M NEW

Financial report summary

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Management Discussion
  • Our entire activity since inception up to June 30, 2022 related to our formation, the preparation for the Initial Public Offering, and since the closing of the Initial Public Offering, the search for a prospective Initial Business Combination. We will not be generating any operating revenues until the closing and completion of our Initial Business Combination, at the earliest.
  • For the three months ended June 30, 2022, we had net income of approximately $5.1 million, which consisted of approximately $670,000 in interest income from investments held in the trust account andnon-operating

Content analysis

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Positive
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Uncertain
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Legalese
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Readability
H.S. senior Bad
New words: abroad, adequate, create, demand, depend, detached, difficulty, downturn, falling, inflation, involve, lead, leading, lower, profitability, satisfactory, suffer, superior, surviving, therewith, worldwide
Removed: administration, decrease
Proxies
No filings