Atlantic Coastal Acquisition Corp. II (NASDAQ: ACAB) is a special purpose acquisition company. On January 18, 2022, Atlantic Coastal announced the closing of its IPO and listing on Nasdaq. The Atlantic Coastal team is led by Chairman and CEO Shahraab Ahmad, President and Director Burt Jordan, and CSO Director Tony Eisenberg. For more information, please visit www.atlantic-coastal.com.
Company profile
Ticker
ACAB, ACABU
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
871013956
ACAB stock data
Latest filings (excl ownership)
8-K
Other Events
19 Mar 24
425
Business combination disclosure
13 Mar 24
425
Business combination disclosure
22 Jan 24
8-K
Regulation FD Disclosure
22 Jan 24
S-4
Registration of securities issued in business combination transactions
19 Jan 24
425
Business combination disclosure
19 Jan 24
8-K
Entry into a Material Definitive Agreement
19 Jan 24
8-K
Amendments to Articles of Incorporation or Bylaws
18 Dec 23
10-Q
2023 Q3
Quarterly report
15 Dec 23
8-K
Atlantic Coastal Acquisition Corp. Ii
14 Dec 23
Latest ownership filings
SC 13G/A
Saba Capital Management, L.P.
7 Feb 24
SC 13G/A
HIGHBRIDGE CAPITAL MANAGEMENT LLC
19 Jan 24
3
Curtis Collar
8 Nov 23
4
Iqbaljit Kahlon
8 Nov 23
4
Shahraab Ahmad
8 Nov 23
SC 13D
Atlantic Coastal Acquisition Management II LLC
20 Apr 23
4
Joanna Lord
19 Apr 23
4
Iqbaljit Kahlon
19 Apr 23
4
Shahraab Ahmad
19 Apr 23
4
Dominick Schiano
19 Apr 23
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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Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
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Net profit margin | |||
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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) | 948.15 k | 948.15 k | 948.15 k | 948.15 k | 948.15 k | |
Cash burn (monthly) | 426.52 k | (no burn) | 105.08 k | (no burn) | 8.10 k | |
Cash used (since last report) | 2.55 mm | n/a | 627.94 k | n/a | 48.41 k | |
Cash remaining | -1.60 mm | n/a | 320.21 k | n/a | 899.74 k | |
Runway (months of cash) | -3.8 | n/a | 3.0 | n/a | 111.1 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 43 |
Opened positions | 1 |
Closed positions | 3 |
Increased positions | 3 |
Reduced positions | 5 |
13F shares | Current |
---|---|
Total value | 812.06 mm |
Total shares | 17.53 mm |
Total puts | 0.00 |
Total calls | 954.62 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Atlantic Coastal Acquisition Management II | 7.20 mm | $76.25 mm |
Saba Capital Management | 997.05 k | $74.78 mm |
HGC Investment Management | 882.28 k | $61.76 mm |
MMCAP International Inc. SPC | 675.00 k | $54.00 mm |
CNH Partners | 652.96 k | $52.24 mm |
Calamos Advisors | 625.00 k | $46.88 mm |
Diametric Capital | 521.26 k | $39.09 mm |
Linden Advisors | 500.00 k | $37.50 mm |
Wolverine Asset Management | 475.59 k | $38.05 mm |
Polar Asset Management Partners | 415.83 k | $33.27 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Nov 23 | Shahraab Ahmad | Series A Common Stock, par value $0.0001 per share | Other | Dispose J | Yes | No | 0 | 50,000 | 0.00 | 7,199,999 |
6 Nov 23 | Shahraab Ahmad | Series A Common Stock, par value $0.0001 per share | Other | Acquire J | Yes | No | 0 | 50,000 | 0.00 | 7,249,999 |
6 Nov 23 | Iqbaljit Kahlon | Series A Common Stock, par value $0.0001 per share | Other | Dispose J | No | No | 0 | 50,000 | 0.00 | 0 |
18 Apr 23 | Joanna Lord | Series A Common Stock, par value $0.0001 per share | Option exercise | Acquire M | No | No | 0 | 50,000 | 0.00 | 50,000 |
18 Apr 23 | Joanna Lord | Series B Common Stock, par value $0.0001 per share Series A Common Stock, par value $0.0001 per share | Option exercise | Dispose M | No | No | 0 | 50,000 | 0.00 | 0 |
18 Apr 23 | Iqbaljit Kahlon | Series A Common Stock, par value $0.0001 per share | Option exercise | Acquire M | No | No | 0 | 50,000 | 0.00 | 50,000 |
18 Apr 23 | Iqbaljit Kahlon | Series B Common Stock, par value $0.0001 per share Series A Common Stock, par value $0.0001 per share | Option exercise | Dispose M | No | No | 0 | 50,000 | 0.00 | 0 |