East Resources Acquisition Company (the “Company”) is a newly organized blank check company incorporated in Delaware on May 22, 2020 for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). While the Company may pursue an acquisition opportunity in any business, industry, sector or geographical location, it intends to focus its search for a target business in the energy industry in North America. The Company is an emerging growth company and, as such, the Company is subject to all of the risks associated with emerging growth companies.
Company profile
Ticker
ABL, ABLLL
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
East Resources Acquisition Co
SEC CIK
Corporate docs
IRS number
851210472
ABL stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
21 Mar 24
8-K
Abacus Life Reports Fourth Quarter and Full Year 2023 Results
21 Mar 24
8-K
Other Events
15 Feb 24
8-K
Departure of Directors or Certain Officers
15 Feb 24
8-K
Entry into a Material Definitive Agreement
15 Feb 24
424B3
Prospectus supplement
13 Feb 24
EFFECT
Notice of effectiveness
12 Feb 24
S-1/A
IPO registration (amended)
9 Feb 24
CORRESP
Correspondence with SEC
7 Feb 24
CORRESP
Correspondence with SEC
7 Feb 24
Latest ownership filings
4
Jay J Jackson
15 Feb 24
4
William Hugh McCauley JR
15 Feb 24
4
Kevin Scott Kirby
15 Feb 24
4
Matthew Ganovsky
15 Feb 24
4
Sean McNealy
15 Feb 24
SC 13G/A
SZOP MULTISTRAT LP
13 Feb 24
4
Change in insider ownership
13 Feb 24
SC 13G/A
Alberta Investment Management Corp
12 Feb 24
4
Adam Samuel Gusky
20 Nov 23
4
Sean McNealy
20 Nov 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
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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) | 36.65 mm | 36.65 mm | 36.65 mm | 36.65 mm | 36.65 mm | 36.65 mm |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 4.27 mm | 3.95 mm |
Cash used (since last report) | n/a | n/a | n/a | n/a | 28.48 mm | 26.34 mm |
Cash remaining | n/a | n/a | n/a | n/a | 8.17 mm | 10.31 mm |
Runway (months of cash) | n/a | n/a | n/a | n/a | 1.9 | 2.6 |
Institutional ownership, Q3 2023
32.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 33 |
Opened positions | 30 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 1.63 bn |
Total shares | 20.80 mm |
Total puts | 0.00 |
Total calls | 1.03 mm |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Terrence M. Pegula | 15.74 mm | $0.00 |
Shaolin Capital Management | 623.70 k | $237.00 k |
Diametric Capital | 525.49 k | $199.69 mm |
D. E. Shaw & Co. | 500.00 k | $190.00 mm |
Cowen And | 420.67 k | $159.85 mm |
Baird Financial | 307.40 k | $116.81 mm |
Exos TFP | 300.00 k | $114.00 mm |
Sculptor Capital | 288.20 k | $94.40 mm |
Taconic Capital Advisors | 283.93 k | $107.89 mm |
Alberta Investment Management | 275.00 k | $104.50 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
13 Feb 24 | Matthew Ganovsky | RSU Common Stock | Grant | Acquire A | No | No | 0 | 24,000 | 0.00 | 24,000 |
13 Feb 24 | Matthew Ganovsky | NQSO Common Stock | Grant | Acquire A | No | No | 12.37 | 76,725 | 949.09 k | 76,725 |
13 Feb 24 | Kirby Kevin Scott | RSU Common Stock | Grant | Acquire A | No | No | 0 | 24,000 | 0.00 | 24,000 |
13 Feb 24 | Kirby Kevin Scott | NQSO Common Stock | Grant | Acquire A | No | No | 12.37 | 76,725 | 949.09 k | 76,725 |
13 Feb 24 | McNealy Sean | NQSO Common Stock | Grant | Acquire A | No | No | 12.37 | 76,725 | 949.09 k | 76,725 |
13 Feb 24 | McNealy Sean | RSU Common Stock | Grant | Acquire A | No | No | 0 | 24,000 | 0.00 | 24,000 |
13 Feb 24 | Jackson Jay J | NQSO Common Stock | Grant | Acquire A | No | No | 12.37 | 76,725 | 949.09 k | 76,725 |
13 Feb 24 | Jackson Jay J | RSU Common Stock | Grant | Acquire A | No | No | 0 | 24,000 | 0.00 | 24,000 |
13 Feb 24 | William Hugh McCauley JR | NQSO Common Stock | Grant | Acquire A | No | No | 12.37 | 38,363 | 474.55 k | 38,363 |
13 Feb 24 | William Hugh McCauley JR | RSU Common Stock | Grant | Acquire A | No | No | 0 | 12,000 | 0.00 | 12,000 |
News
Abacus Life Q4 Sales $23.60M Up From $18.80M YoY
21 Mar 24
Earnings Scheduled For March 21, 2024
21 Mar 24
Insurance Stocks Moving In Wednesday's Intraday Session
13 Mar 24
Abacus Life Prices Public Offering Of $25M Additional 9.875% Notes Due 2028
12 Feb 24
Insurance Stocks Moving In Friday's Intraday Session
9 Feb 24
Press releases
Abacus Life to Announce First Quarter 2024 Financial Results on Monday, May 13, 2024
11 Apr 24
Elena Plesco Joins Abacus Life (ABL) as Chief Capital Officer
2 Apr 24
Abacus Life Reports Fourth Quarter and Full Year 2023 Results
21 Mar 24
Glancy Prongay & Murray LLP Announces Investigation of Abacus Life, Inc. (ABL)
5 Mar 24
Abacus Life (ABL) Officially Launches Technology Sub-Division – ABL Tech
27 Feb 24