Global Consumer Acquisition (GACQ)

Global Consumer Acquisition Corp. (the “Company”) is a blank check company incorporated in the State of Delaware on December 28, 2020. The Company was formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities (“Business Combination”). Although the Company is not limited to a particular industry or geographic region for purposes of consummating a Business Combination, the Company intends to focus on businesses in the consumer products and services sectors.

Company profile

Ticker

GACQ, GACQW, GACQU

Exchange

Incorporated

Location

Fiscal year end

Industry (SIC)

Miscellaneous Manufacturing Industries

Brady • Hillenbrand • Array • Jason Industries • Daktronics • PlayAGS • Summer Infant • Oil-Dri Corp. Of America • Shapeways • Amcor ...

SEC CIK

0001846288

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

GACQ stock data

1M 1Y 5Y

Press releases

From Benzinga Pro

Global Consumer Acquisition Corp. Announces Extension of Completion Window to September 11, 2022

13 Jun 22

MARIETTA, GA, June 13, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Global Consumer Acquisition Corp. (NASDAQ:GACQU, GACQ, GACQW)) ("GACQ" or the "Company"), a special purpose acquisition company, announced today that

Calendar

15 Aug 22

31 Dec 22

Financial summary

Financial statements Chart GACQ financial data

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)	83.3K	83.3K	83.3K	83.3K	83.3K	83.3K
Cash burn (monthly)	(no burn)	48.47K	317.44K	372.09K	205.31K	453.19K
Cash used (since last report)	n/a	74.99K	491.08K	575.63K	317.62K	701.09K
Cash remaining	n/a	8.31K	-407.78K	-492.33K	-234.32K	-617.79K
Runway (months of cash)	n/a	0.2	-1.3	-1.3	-1.1	-1.4

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

GACQ insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
16 Jun 21	Gautham Pai	Common Stock	Other	Dispose J	Yes	No	0	321,750	0	4,959,362
16 Jun 21	Gautham Pai	Common Stock	Buy	Acquire P	Yes	No	0	22,102	0	5,281,112
16 Jun 21	Gautham Pai	Warrants to purchase Common Stock Common Stock	Buy	Acquire P	Yes	No	11.5	11,051	127.09K	11,051
16 Jun 21	Global Consumer Acquisition	Common Stock	Other	Dispose J	No	No	0	321,750	0	4,959,362
16 Jun 21	Global Consumer Acquisition	Common Stock	Buy	Acquire P	No	No	0	22,102	0	5,281,112
16 Jun 21	Global Consumer Acquisition	Warrants to purchase Common Stock Common Stock	Buy	Acquire P	No	No	11.5	11,051	127.09K	11,051
16 Jun 21	Rohan Ajila	Common Stock	Other	Dispose J	Yes	No	0	321,750	0	4,959,362
16 Jun 21	Rohan Ajila	Common Stock	Buy	Acquire P	Yes	No	0	22,102	0	5,281,112
16 Jun 21	Rohan Ajila	Warrants to purchase Common Stock Common Stock	Buy	Acquire P	Yes	No	11.5	11,051	127.09K	11,051
11 Jun 21	Rohan Ajila	Common Stock	Buy	Acquire P	Yes	No	0	431,510	0	5,259,010

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

GACQ institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	46	57	-19.3%
Opened positions	3	19	-84.2%
Closed positions	14	2	+600.0%
Increased positions	8	18	-55.6%
Reduced positions	16	9	+77.8%

13F shares	Current	Prev Q	Change
Total value	3.88B	10.43B	-62.8%
Total shares	26.17M	31.37M	-16.6%
Total puts	0	0
Total calls	40K	105.77K	-62.2%
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Global Consumer Acquisition	4.96M	$0	0.0%
Boothbay Fund Management	1.71M	$17.05M	-13.2%
Atw Spac Management	1.71M	$17.05M	-12.1%
D. E. Shaw & Co.	1.68M	$16.78M	-33.3%
D. E. Shaw & Co	1.68M	$0	0.0%
Polar Asset Management Partners	1.68M	$16.79M	-27.3%
Karpus Management	1.26M	$12.55M	-0.5%
Highbridge Capital Management	1.23M	$12.27M	-36.7%
Mizuho Securities Usa	1.21M	$12.01M	+77.7%
Shaolin Capital Management	1.12M	$11.17M	-21.4%

Largest transactions	Shares	Bought/sold	Change
Lighthouse Investment Partners	0	-1.84M	EXIT
Taconic Capital Advisors	950K	+950K	NEW
D. E. Shaw & Co.	1.68M	-840K	-33.3%
Highbridge Capital Management	1.23M	-711.94K	-36.7%
Polar Asset Management Partners	1.68M	-630K	-27.3%
Mizuho Securities Usa	1.21M	+527.55K	+77.7%
Ramius Advisors	0	-468.79K	EXIT
Oaktree Capital Management	600K	+450K	+300.0%
BAC Bank Of America	0	-366.69K	EXIT
Millennium Management	395.55K	+330.65K	+509.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

We have neither engaged in any operations nor generated any revenues to date. Our only activities for the three months ended June 30, 2022, were organizational activities and those necessary to prepare for the initial public offering, described below. We do not expect to generate any operating revenues until after the completion of our business combination. We expect to generate non-operating income in the form of interest income on marketable securities held after the initial public offering. 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.
For the three months ended June 30, 2022, we had a net loss of $230,964, which consists of operating costs of $952,313, realized and unrealized loss from marketable securities held in the Trust Account of $132,004, interest expense of $26,586, and offset by change in fair value of warrant liability of $615,931.
For the three months ended June 30, 2021, we had a net loss of $437,281, which consists of operating costs of $104,676, non-operating costs $450,846, and offset by interest income on marketable securities held in the Trust Account of $2,025 and change in fair value of warrant liability of $116,216.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. senior Bad

New words: announcing, annum, copy, Exhibit, purport, simple, unpaid

Removed: Article, charged, compared, consisted, discount, expensed, footnote, occur, omitted, opinion, prepared, presentation, Regulation, separable

From filing 10-Q 2022 Q2

Financial reports