Frontier Investment Corp is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Frontier Investment Corp intends to focus its search on a target with business operations or prospective operations in the technology, digital media, e-commerce, financial technology, or digital services sectors (which it refers to as the “new economy sectors”) across the high growth markets of the Middle East North Africa & Turkey, Sub-Saharan Africa, South Asia and Southeast Asia, but may pursue an acquisition or a business combination target in any business, industry or geography.
Company profile
Ticker
FICV, FICVU
Exchange
Employees
Location
Fiscal year end
Industry (SIC)
SEC CIK
FICV stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
22 Feb 24
25-NSE
Exchange delisting
22 Feb 24
8-K
Entry into a Material Definitive Agreement
22 Feb 24
DEF 14A
Definitive proxy
12 Feb 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
7 Feb 24
PRE 14A
Preliminary proxy
30 Jan 24
8-K
Entry into a Material Definitive Agreement
9 Jan 24
10-Q
2023 Q3
Quarterly report
22 Nov 23
NT 10-Q
Notice of late quarterly filing
14 Nov 23
8-K
Entry into a Material Definitive Agreement
27 Sep 23
Latest ownership filings
SC 13D/A
Frontier Disruption Capital
19 Jan 24
SC 13G
Investment Management Co
22 Sep 23
SC 13G/A
STANDARD CHARTERED BANK
11 Aug 23
4
Asar Mashkoor
5 Jul 23
4
Arif Mansuri
5 Jul 23
4
Disruption Capital Frontier
5 Jul 23
5
Disruption Capital Frontier
15 Feb 23
SC 13D/A
Frontier Disruption Capital
15 Feb 23
SC 13G/A
Linden Capital L.P.
3 Feb 23
SC 13G/A
Linden Capital L.P.
7 Feb 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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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) | 367.64 k | 367.64 k | 367.64 k | 367.64 k | 367.64 k | 367.64 k |
Cash burn (monthly) | (no burn) | 32.95 k | 153.85 k | 108.52 k | 554.31 k | (no burn) |
Cash used (since last report) | n/a | 225.03 k | 1.05 mm | 741.13 k | 3.79 mm | n/a |
Cash remaining | n/a | 142.61 k | -682.99 k | -373.49 k | -3.42 mm | n/a |
Runway (months of cash) | n/a | 4.3 | -4.4 | -3.4 | -6.2 | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 33 |
Opened positions | 5 |
Closed positions | 16 |
Increased positions | 3 |
Reduced positions | 12 |
13F shares | Current |
---|---|
Total value | 219.86 mm |
Total shares | 7.78 mm |
Total puts | 0.00 |
Total calls | 605.34 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Disruption Capital Frontier | 5.00 mm | $0.00 |
Investment Management | 500.00 k | $0.00 |
Linden Advisors | 333.33 k | $38.07 mm |
Calamos Advisors | 266.67 k | $31.15 mm |
Sona Asset Management | 266.67 k | $31.15 mm |
CNH Partners | 146.80 k | $17.15 mm |
Shaolin Capital Management | 134.35 k | $16.00 k |
Rivernorth Capital Management | 123.33 k | $14.80 mm |
Radcliffe Capital Management | 114.37 k | $7.46 mm |
Schechter Investment Advisors | 95.16 k | $11.12 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Jul 21 | Disruption Capital Frontier | Class B Ordinary Shares Class A Ordinary Shares | Other | Dispose J | No | No | 0 | 750,000 | 0.00 | 5,000,000 |