financial strategies acquisition corp. is a nasdaq listed blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses. financial strategies acquisition corp. intends to focus its initial search on target businesses in the financial technology and financial services industries with an equity value of approximately $300 million to $500 million. nasdaq: fxcou
Company profile
Ticker
FXCO
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
FXCO stock data
Latest filings (excl ownership)
8-K
Changes in Registrant's Certifying Accountant
11 Aug 23
8-K
Financial Strategies Acquisition Corp. Announces Extension of Termination Date and Additional Contribution to Trust Account
15 Jun 23
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
16 May 23
NT 10-Q
Notice of late quarterly filing
12 May 23
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
27 Apr 23
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
11 Apr 23
NT 10-K
Notice of late annual filing
29 Mar 23
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
14 Mar 23
425
Business combination disclosure
17 Feb 23
8-K
Financial Strategies Acquisition Corp. Announces Merger with Austin Biosciences Corp, A Texas Biotechnology Platform Company
17 Feb 23
Latest ownership filings
SC 13G
Space Summit Capital LLC
21 Feb 23
SC 13G/A
Lighthouse Investment Partners, LLC
14 Feb 23
SC 13G/A
Saba Capital Management, L.P.
14 Feb 23
SC 13G/A
Space Summit Capital LLC
8 Feb 23
4
Alexander V Schinzing
6 Feb 23
SC 13D/A
FSC Sponsor LLC
1 Feb 23
SC 13G/A
Feis Lawrence
23 Dec 22
3
Timo Vainionpaa
21 Jun 22
3
Daniel Minkowitz
21 Jun 22
SC 13G
Lighthouse Investment Partners, LLC
14 Feb 22
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | |
|---|---|---|
| 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) | 23.65 k | 23.65 k | 23.65 k | 23.65 k | 23.65 k | 23.65 k |
| Cash burn (monthly) | (no burn) | 15.69 k | 167.85 k | (no burn) | 115.38 k | 118.73 k |
| Cash used (since last report) | n/a | 187.45 k | 2.01 mm | n/a | 1.38 mm | 1.42 mm |
| Cash remaining | n/a | -163.81 k | -1.98 mm | n/a | -1.36 mm | -1.40 mm |
| Runway (months of cash) | n/a | -10.4 | -11.8 | n/a | -11.7 | -11.8 |
Institutional ownership, Q2 2023
38.1% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 9 |
| Opened positions | 0 |
| Closed positions | 25 |
| Increased positions | 5 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 28.06 mm |
| Total shares | 4.15 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| FSC Sponsor | 1.44 mm | $0.00 |
| Mint Tower Capital Management B.V. | 834.05 k | $1.23 mm |
| EHP Funds | 656.53 k | $6.57 mm |
| Context Capital Management | 444.10 k | $14.00 k |
| Rivernorth Capital Management | 300.00 k | $19.50 mm |
| Radcliffe Capital Management | 200.00 k | $0.00 |
| Clear Street | 113.88 k | $121.00 k |
| Feis Lawrence Michael | 107.78 k | $0.00 |
| Space Summit Capital | 60.00 k | $628.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Dec 22 | Alexander V Schinzing | Class A Common Stock | Conversion | Acquire C | Yes | No | 0 | 85,038 | 0.00 | 85,038 |
| 1 Dec 22 | Alexander V Schinzing | Class A Common Stock | Conversion | Acquire C | Yes | No | 0 | 200,000 | 0.00 | 250,000 |
| 1 Dec 22 | Alexander V Schinzing | Class A Common Stock | Conversion | Acquire C | Yes | No | 0 | 375,000 | 0.00 | 375,000 |
| 1 Dec 22 | Alexander V Schinzing | Class A Common Stock | Conversion | Acquire C | Yes | No | 0 | 416,212 | 0.00 | 416,212 |
| 1 Dec 22 | Alexander V Schinzing | Class A Common Stock | Conversion | Acquire C | Yes | No | 0 | 775,000 | 0.00 | 975,000 |
| 1 Dec 22 | Alexander V Schinzing | Class B Common Stock Class A Common Stock | Conversion | Dispose C | Yes | No | 0 | 85,038 | 0.00 | 0 |
| 1 Dec 22 | Alexander V Schinzing | Class B Common Stock Class A Common Stock | Conversion | Dispose C | Yes | No | 0 | 200,000 | 0.00 | 0 |
| 1 Dec 22 | Alexander V Schinzing | Class B Common Stock Class A Common Stock | Conversion | Dispose C | Yes | No | 0 | 375,000 | 0.00 | 0 |
| 1 Dec 22 | Alexander V Schinzing | Class B Common Stock Class A Common Stock | Conversion | Dispose C | Yes | No | 0 | 416,212 | 0.00 | 0 |
| 1 Dec 22 | Alexander V Schinzing | Class B Common Stock Class A Common Stock | Conversion | Dispose C | Yes | No | 0 | 775,000 | 0.00 | 0 |