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Glenfarne Merger (GGMC)

Company Profile
Glenfarne Merger Corp. (the “Company”) is a blank check company incorporated in Delaware on June 16, 2020. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). 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
GGMC, GGMCW
Exchange
NASDAQ
Employees
Incorporated
Delaware
Location
New York
Fiscal year end
Dec 31
Industry (SIC)
Blank Checks (SPACs)
Pershing Square Tontine • Foley Trasimene Acquisition II • KKR Acquisition Holdings I • Austerlitz Acquisition Corp II • FTAC Hera Acquisition • Cohn Robbins • Polestar Automotive Holding UK • E.Merge Technology Acquisition • Slam • MSD Acquisition ...
SEC CIK
0001818880
Corporate docs
Articles of Incorporation & Bylaws
Underwriting Agreements
Indentures
Material Contracts & Credit Agreements
IRS number
851535392

GGMC stock data

Latest filings (excl ownership)
View all
15-12G
Securities registration termination
27 Dec 22
8-K
Glenfarne Merger Corp. Announces Delisting of its Securities from the Nasdaq Stock Market LLC
23 Dec 22
8-K
Entry into a Material Definitive Agreement
16 Dec 22
25-NSE
Exchange delisting
16 Dec 22
8-K
Glenfarne Merger Corp. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination
9 Dec 22
DEF 14A
Definitive proxy
22 Nov 22
10-Q
2022 Q3
Quarterly report
14 Nov 22
PRE 14A
Preliminary proxy
10 Nov 22
10-Q
2022 Q2
Quarterly report
11 Aug 22
10-Q
2022 Q1
Quarterly report
13 May 22
Latest ownership filings
View all
SC 13G/A
Magnetar Financial LLC
24 Jan 23
SC 13G/A
Sculptor Capital LP
14 Feb 22
SC 13G/A
Radcliffe Capital Management, L.P.
14 Feb 22
SC 13G/A
Blackstone Holdings I L.P.
11 Feb 22
SC 13G
Shaolin Capital Management LLC
10 Feb 22
SC 13G/A
Owl Creek Asset Management, L.P.
10 Feb 22
SC 13G
Polar Asset Management Partners Inc.
8 Feb 22
SC 13G/A
Linden Capital L.P.
3 Feb 22
SC 13G
Magnetar Financial LLC
14 Jan 22
4
Change in insider ownership
3 May 21

Financial summary

Financial statements Chart GGMC financial data
Quarter (USD) Sep 22 Jun 22 Mar 22 Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
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) 142.26 k 142.26 k 142.26 k 142.26 k 142.26 k 142.26 k
Cash burn (monthly) 30.44 k 64.42 k (no burn) (no burn) 30.44 k 64.42 k
Cash used (since last report) 124.52 k 263.51 k n/a n/a 124.52 k 263.51 k
Cash remaining 17.74 k -121.26 k n/a n/a 17.74 k -121.26 k
Runway (months of cash) 0.6 -1.9 n/a n/a 0.6 -1.9

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

GGMC institutional ownership history Ownership history
70.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 32 49 -34.7%
Opened positions 2 3 -33.3%
Closed positions 19 1 +1800.0%
Increased positions 1 8 -87.5%
Reduced positions 20 11 +81.8%
13F shares Current Prev Q Change
Total value 86.96 mm 293.86 mm -70.4%
Total shares 19.80 mm 40.45 mm -51.0%
Total puts 0.00 0.00
Total calls 285.83 k 285.83 k –
Total put/call ratio – – –
Largest owners Shares Value Change
Glenfarne Sponsor 7.96 mm $79.48 mm 0.0%
Blackstone Holdings I 2.48 mm $0.00 0.0%
Linden Capital 2.28 mm $0.00 0.0%
Parallax Volatility Advisers 1.32 mm $106.00 k -30.0%
Sculptor Capital 825.00 k $66.00 k -55.8%
Radcliffe Capital Management 712.95 k $6.99 mm -74.4%
Linden Advisors 656.25 k $52.00 k -22.9%
Magnetar Financial 571.24 k $46.00 k +76.2%
Shaolin Capital Management 522.60 k $37.00 k -74.3%
Polar Asset Management Partners 482.49 k $34.00 k -80.0%
Largest transactions Shares Bought/sold Change
BX Blackstone 0.00 -2.48 mm EXIT
Radcliffe Capital Management 712.95 k -2.07 mm -74.4%
Polar Asset Management Partners 482.49 k -1.93 mm -80.0%
Shaolin Capital Management 522.60 k -1.51 mm -74.3%
Owl Creek Asset Management 443.33 k -1.33 mm -75.0%
Marshall Wace 0.00 -1.33 mm EXIT
BMO Bank of Montreal 0.00 -1.13 mm EXIT
HBCYF HSBC 0.00 -1.12 mm EXIT
Periscope Capital 313.70 k -1.09 mm -77.7%
Sculptor Capital 825.00 k -1.04 mm -55.8%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Press releases

From Benzinga Pro
Glenfarne Merger Corp. Announces Delisting of its Securities from the Nasdaq Stock Market LLC
23 Dec 22
Glenfarne Merger Corp. (NASDAQ:GGMCU, GGMC, GGMCW)) (the "Company") previously announced that it intends to dissolve and liquidate in accordance with its Amended and Restated Certificate of Incorporation, as amended
Glenfarne Merger Corp. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination
9 Dec 22
Glenfarne Merger Corp. (NASDAQ:GGMCU, GGMC, GGMCW)) (the "Company") today announced that if stockholders approve a proposed amendment (the "Charter Amendment Proposal") to its Amended and Restated Certificate of
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