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RNER Mount Rainier Acquisition

Mount Rainier Acquisition Corp is a blank check company sponsored by DC Rainier SPV LLC, a Delaware limited liability company managed by Dominion Capital LLC, whose business purpose is to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on established, technology focused businesses that have an aggregate enterprise value of approximately $500 million to $2.0 billion and would benefit from access to public markets and the operational and strategic expertise of our management team and board of directors

RNER stock data

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Calendar

12 Nov 21
21 Jan 22
31 Dec 22
Quarter (USD)
Sep 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) 2.42M
Cash burn (monthly) 466.67
Cash used (since last report) 1.74K
Cash remaining 2.42M
Runway (months of cash) 5183.0

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
7 Oct 21 A.g.p. / Alliance Global Partners Common Stock Other Dispose J No No 0 50,000 0 865,000
7 Oct 21 Young Cho Common Stock Buy Acquire P No No 0 3,000 0 104,095
7 Oct 21 Young Cho Warrants to purchase Common Stock Common Stock Buy Acquire P No No 11.5 3,000 34.5K 3,000
7 Oct 21 Kearney Matthew Joseph Common Stock Buy Acquire P No No 0 10,000 0 346,985
7 Oct 21 Kearney Matthew Joseph Warrants to purchase Common Stock Common Stock Buy Acquire P No No 11.5 10,000 115K 10,000
7 Oct 21 DC Rainier SPV Common Stock Buy Acquire P No No 0 583,200 0 3,535,119
7 Oct 21 DC Rainier SPV Common Stock Other Acquire J No No 0 50,000 0 2,951,919
7 Oct 21 DC Rainier SPV Warrants to purchase Common Stock Common Stock Buy Acquire P No No 11.5 583,200 6.71M 583,200

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

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

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Management Discussion
  • Our only activities from February 10, 2021 (inception) to September 30, 2021 related to our formation and the Initial Public Offering. We expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as costs in the pursuit of our acquisition plans.
  • For the three months ended September 30, 2021, we had a net loss of $1,400, which consisted of $1,400 in general and administrative expenses.
  • For the period from February 10, 2021 (inception) through September 30, 2021, we had a net loss of approximately $6,000, which consisted of $1,400 in general and administrative expenses and $4,617 in formation expenses.
Content analysis
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Proxies

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