Better World Acquisition Corp. is a blank check company 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. While the Company may pursue an acquisition in any business industry or sector, it intends to concentrate its efforts on identifying businesses in the healthy living industries that benefit from strong Environmental, Social and Governance (“ESG”) profiles. The Company is led by Chief Executive Officer Rosemary L. Ripley and Chief Financial Officer Peter S.H. Grubstein.
Company profile
Ticker
BWAC, BWACU
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
852448447
BWAC stock data
Latest filings (excl ownership)
DEF 14A
Definitive proxy
17 Jan 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
13 Jan 23
PRE 14A
Preliminary proxy
6 Jan 23
425
Business combination disclosure
15 Dec 22
8-K
Entry into a Material Definitive Agreement
15 Dec 22
425
Business combination disclosure
9 Dec 22
8-K
Regulation FD Disclosure
9 Dec 22
10-Q
2022 Q3
Quarterly report
14 Nov 22
8-K
Entry into a Material Definitive Agreement
17 Aug 22
10-Q
2022 Q2
Quarterly report
3 Aug 22
Latest ownership filings
SC 13G/A
Cowen Financial Products LLC
11 Jan 23
SC 13G/A
Karpus Management, Inc.
10 Jun 22
SC 13G
First Trust Capital Management L.P.
10 Jun 22
SC 13G
Cowen Financial Products LLC
25 May 22
SC 13G
Sculptor Capital LP
24 May 22
3
Robert M Chiste
28 Apr 22
SC 13G/A
GLAZER CAPITAL, LLC
14 Feb 22
SC 13G
Karpus Management, Inc.
14 Feb 22
SC 13G
MIZUHO FINANCIAL GROUP INC
14 Feb 22
SC 13G/A
Weiss Asset Management LP
11 Feb 22
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Revenue | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | |
|---|---|---|---|
| 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) | 83.76 k | 83.76 k | 83.76 k | 83.76 k | 83.76 k | 83.76 k |
| Cash burn (monthly) | (no burn) | 34.26 k | (no burn) | (no burn) | (no burn) | 65.26 k |
| Cash used (since last report) | n/a | 133.65 k | n/a | n/a | n/a | 254.56 k |
| Cash remaining | n/a | -49.89 k | n/a | n/a | n/a | -170.80 k |
| Runway (months of cash) | n/a | -1.5 | n/a | n/a | n/a | -2.6 |
Institutional ownership, Q3 2022
95.1% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 20 |
| Opened positions | 10 |
| Closed positions | 23 |
| Increased positions | 3 |
| Reduced positions | 3 |
| 13F shares | Current |
|---|---|
| Total value | 74.99 mm |
| Total shares | 7.33 mm |
| Total puts | 20.70 k |
| Total calls | 314.20 k |
| Total put/call ratio | 0.1 |
| Largest owners | Shares | Value |
|---|---|---|
| BWA | 3.15 mm | $32.02 mm |
| Vivaldi Asset Management | 1.05 mm | $10.84 mm |
| MFG Mizuho Financial | 885.93 k | $9.01 mm |
| Cowen Financial Products | 550.00 k | $5.64 mm |
| Meteora Capital | 308.04 k | $3.19 mm |
| Karpus Management | 246.09 k | $2.55 mm |
| Susquehanna International | 236.85 k | $2.45 mm |
| Periscope Capital | 208.50 k | $2.16 mm |
| Cowen And | 160.99 k | $1.67 mm |
| WRB W.R. Berkley | 158.20 k | $1.64 mm |