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AF Acquisition (AFAQ)

AF Acquisition Corp. (the “Company”) is a blank check company incorporated in Delaware on January 12, 2021. The Company was 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 (the “Initial Business Combination”). The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, or the “Securities Act,” as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”).

AFAQ stock data

Calendar

13 May 22
14 Aug 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 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) 395.92K 395.92K 395.92K 395.92K 395.92K 395.92K
Cash burn (monthly) 128.46K 109.33K 133.64K 98.19K 141.59K (no burn)
Cash used (since last report) 572.97K 487.64K 596.07K 437.93K 631.54K n/a
Cash remaining -177.05K -91.72K -200.15K -42.01K -235.62K n/a
Runway (months of cash) -1.4 -0.8 -1.5 -0.4 -1.7 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 May 21 AF Sponsor Class B Ordinary Shares Class A Ordinary Shares Other Dispose J No No 0 150,000 0 5,600,000
12 May 21 Jordan Gaspar Class B Ordinary Shares Class A Ordinary Shares Other Dispose J Yes No 0 150,000 0 5,600,000
12 May 21 Andrew Scharf Class B Ordinary Shares Class A Ordinary Shares Other Dispose J Yes No 0 150,000 0 5,600,000
97.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 48 6 +700.0%
Opened positions 43 2 +2050.0%
Closed positions 1 38 -97.4%
Increased positions 2 2
Reduced positions 1 1
13F shares Current Prev Q Change
Total value 158.6M 48.74M +225.4%
Total shares 21.85M 10.6M +106.1%
Total puts 0 0
Total calls 40.26K 0 NEW
Total put/call ratio
Largest owners Shares Value Change
AF Sponsor 5.6M $0 0.0%
Saba Capital Management 1.63M $15.9M +43.1%
MCQEF Macquarie 1.2M $11.71M NEW
CVI 1.01M $9.82M NEW
CVI Investments 1M $9.83M 0.0%
Marshall Wace 991.36K $9.67M NEW
Millennium Management 977.92K $9.55M NEW
Sculptor Capital 847.58K $8.27M +4.3%
Shaolin Capital Management 760.41K $7.42M NEW
Aristeia Capital 750K $7.32M NEW
Largest transactions Shares Bought/sold Change
Magnetar Financial 0 -1.7M EXIT
MCQEF Macquarie 1.2M +1.2M NEW
CVI 1.01M +1.01M NEW
Marshall Wace 991.36K +991.36K NEW
Millennium Management 977.92K +977.92K NEW
Shaolin Capital Management 760.41K +760.41K NEW
Aristeia Capital 750K +750K NEW
Hudson Bay Capital Management 590.43K +590.43K NEW
Basso Capital Management 535.26K +535.26K NEW
Periscope Capital 502.73K +502.73K NEW

Financial report summary

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Management Discussion
  • We have neither engaged in any operations nor generated any operating revenues to date. Our only activities for the period from January 12, 2021 (inception) through December 31, 2021 were organizational activities, those necessary to prepare for the initial public offering, described below, and, after our initial public offering, identifying a target company for a business combination. We intend to effectuate our initial business combination using cash from the proceeds of our initial public offering and the private placement of the private placement warrants, the proceeds of the sale of our shares in connection with our initial business combination (pursuant to forward purchase agreements or backstop agreements we may enter into following the consummation of our initial public offering or otherwise), shares issued to the owners of the target, debt issued to bank or other lenders or the owners of the target, or a combination of the foregoing.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
Coll freshman V bad
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Removed: Accountant, accounted, auditing, borrowing, bringing, capacity, comprised, Director, discount, Division, embedded, fluctuate, focused, governing, increase, method, noncash, payment, recognize, reconcile, remeasurement, resulting, settlement, Specifically, Supplemental
Proxies
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