26 Capital Acquisition Corp. (the “Company”) is a blank check company incorporated as a Delaware corporation on August 24, 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 (“Business Combination”).
Company profile
Ticker
ADER, ADERW
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
852695910
ADER stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
13 Oct 23
25-NSE
Exchange delisting
25 Sep 23
8-K
26 Capital Acquisition Corp. Announces Liquidation
21 Sep 23
UPLOAD
Letter from SEC
15 Sep 23
8-K/A
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
14 Sep 23
CORRESP
Correspondence with SEC
14 Sep 23
UPLOAD
Letter from SEC
8 Sep 23
10-Q
2023 Q2
Quarterly report
14 Aug 23
UPLOAD
Letter from SEC
14 Aug 23
8-K
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
11 Aug 23
Latest ownership filings
SC 13G/A
MOORE CAPITAL MANAGEMENT, LP
14 Feb 24
SC 13G/A
Owl Creek Asset Management, L.P.
5 Feb 24
SC 13G
FIFTH LANE CAPITAL, LP
3 Oct 23
4
Change in insider ownership
3 Oct 23
3
Initial statement of insider ownership
3 Oct 23
4
LOUIS M BACON
27 Sep 23
4
JEFFREY A ALTMAN
22 Aug 23
4
JEFFREY A ALTMAN
17 Aug 23
SC 13G
Walleye Capital LLC
19 Apr 23
3
LOUIS M BACON
24 Feb 23
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | 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) | 201.54 k | 201.54 k | 201.54 k | 201.54 k | 201.54 k | 201.54 k |
| Cash burn (monthly) | 213.04 k | (no burn) | 845.50 k | 981.83 k | 1.49 mm | 765.94 k |
| Cash used (since last report) | 3.31 mm | n/a | 13.13 mm | 15.25 mm | 23.14 mm | 11.90 mm |
| Cash remaining | -3.11 mm | n/a | -12.93 mm | -15.05 mm | -22.94 mm | -11.70 mm |
| Runway (months of cash) | -14.6 | n/a | -15.3 | -15.3 | -15.4 | -15.3 |
Institutional ownership, Q2 2024
66.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 2 |
| Opened positions | 1 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 3.00 k |
| Total shares | 6.89 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| 26 Capital | 6.88 mm | $0.00 |
| SkyView Investment Advisors | 15.00 k | $3.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 25 Sep 23 | Moore Capital Management | Class A Common Stock | Other | Dispose J | Yes | No | 10.95 | 400,000 | 4.38 mm | 0 |
| 25 Sep 23 | Fifth Lane Capital | Class A Common Stock, par value $0.0001 per share | Buy | Acquire P | Yes | No | 11.1 | 12,615 | 140.03 k | 396,416 |
| 18 Aug 23 | Owl Creek Asset Management | Class A Common Stock, par value $0.0001 per share | Sell | Dispose S | Yes | No | 11.15 | 152,060 | 1.70 mm | 302,300 |
| 16 Aug 23 | Owl Creek Asset Management | Class A Common Stock, par value $0.0001 per share | Sell | Dispose S | Yes | No | 11.2198 | 9,544 | 107.08 k | 454,360 |
| 15 Aug 23 | Owl Creek Asset Management | Class A Common Stock, par value $0.0001 per share | Sell | Dispose S | Yes | No | 11.2165 | 36,096 | 404.87 k | 463,904 |