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ZT Zimmer Energy Transition Acquisition

Zimmer Energy Transition Acquisition Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company’s sponsor, ZETA Sponsor LLC (the “Sponsor”), is an affiliate of Zimmer Partners, LP. While the Company may pursue an acquisition opportunity in any business or industry, it intends to capitalize on businesses and industries that align with the background and experience of its Sponsor that may provide opportunities for attractive risk-adjusted returns in the energy value chain in North America, with a focus on energy transition and sustainability. This broadly includes environmental, social and governance growth-focused companies in the energy, industrial and infrastructure sectors. For more information, please go to zimmerenergy.com.

ZT stock data

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Calendar

16 Aug 21
17 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21
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) 2.2M
Cash burn (monthly) 53.09K
Cash used (since last report) 190.52K
Cash remaining 2.01M
Runway (months of cash) 37.8

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Jun 21 Paul J Evanson Class A Common Stock Buy Acquire P No No 10.1028 50,000 505.14K 50,000

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

90.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 52 0 NEW
Opened positions 52 0 NEW
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 316.08M 0 NEW
Total shares 31.28M 0 NEW
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Zimmer Partners 3.5M $35.53M NEW
Electron Capital Partners 3M $30.45M NEW
Adage Capital Partners GP, L.L.C. 2.7M $27.41M NEW
Covalis Capital 2M $20.08M NEW
CNS Cohen & Steers 1.57M $15.81M NEW
Manufacturers Life Insurance Company, The 1.48M $15.07M NEW
Third Point 1.25M $12.69M NEW
BAC Bank Of America 1.15M $11.64M NEW
Millennium Management 1.12M $11.25M NEW
Fir Tree Capital Management 1M $10.04M NEW
Largest transactions
Shares Bought/sold Change
Zimmer Partners 3.5M +3.5M NEW
Electron Capital Partners 3M +3M NEW
Adage Capital Partners GP, L.L.C. 2.7M +2.7M NEW
Covalis Capital 2M +2M NEW
CNS Cohen & Steers 1.57M +1.57M NEW
Manufacturers Life Insurance Company, The 1.48M +1.48M NEW
Third Point 1.25M +1.25M NEW
BAC Bank Of America 1.15M +1.15M NEW
Millennium Management 1.12M +1.12M NEW
Fir Tree Capital Management 1M +1M NEW

Financial report summary

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Management Discussion
  • As of June 30, 2021, we had not commenced any operations. All activity for the period from February 25, 2021 (inception) through June 30, 2021 relates to our formation and Initial Public Offering, and, since the completion of the Initial Public Offering, our search for a target to consummate a business combination. We will not generate any operating revenues until after the completion of a business combination, at the earliest. We will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering and placed in the Trust Account (defined below).
  • For the three months ended, and the period from February 25, 2021 (inception) through, June 30, 2021, we had a net loss of $8,418,544 and $8,429,799, respectively, consisting of formation and operating costs of $159,268 and $170,523, respectively. For the three months ended, and the period from February 25, 2021 (inception) through, June 30, 2021, we had unrealized loss on fair value of warrants and forward purchase warrants amounting to $1,316,994 and $2,951,652, respectively, financing expense of $3,196,156, and offering cost allocated to warrants of $794,474.
Content analysis
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Constraining
Legalese
Litigous
Readability
Coll. sophomore Bad

Proxies

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