Hudson Executive Investment Corp. III is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company was co-sponsored by Hudson Executive Capital LP (HEC), a value-oriented, event-driven investment firm with a focus on small and mid-cap companies, Douglas L. Braunstein, its founder and managing partner, and Douglas G. Bergeron, its managing partner. The company intends to focus its search on technology-driven, disruptive companies with desirable growth-oriented characteristics as well as on more mature businesses with attractive cash flow characteristics and long-term, sustainable competitive advantage.
Company profile
Ticker
HIII, HIIIU, HIIIW
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Hudson Executive Investment Corp. II
SEC CIK
HIII stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
9 Jan 23
25-NSE
Exchange delisting
21 Dec 22
8-K
Hudson Executive Investment Corp. III Announces Liquidation
30 Nov 22
10-Q
2022 Q3
Quarterly report
14 Nov 22
10-Q
2022 Q2
Quarterly report
15 Aug 22
10-Q
2022 Q1
Quarterly report
13 May 22
10-K
2021 FY
Annual report
31 Mar 22
8-K
Departure of Directors or Certain Officers
4 Mar 22
Latest ownership filings
SC 13G/A
Beryl Capital Management LLC
14 Feb 23
SC 13G
Beryl Capital Management LLC
14 Dec 22
4
Douglas Bergeron
4 Mar 22
4
Roni Frank
4 Mar 22
3
Ira Mosberg
29 Sep 21
4
Jonathan Dobres
22 Sep 21
4
Douglas Bergeron
14 Apr 21
3
Doug Renert
23 Feb 21
3
Douglas Bergeron
23 Feb 21
3
Jonathan Dobres
23 Feb 21
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| 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) | 172.61 k | 172.61 k | 172.61 k | 172.61 k | 172.61 k | |
| Cash burn (monthly) | 55.10 k | 52.04 k | (no burn) | (no burn) | 32.26 k | |
| Cash used (since last report) | 335.86 k | 317.20 k | n/a | n/a | 196.66 k | |
| Cash remaining | -163.25 k | -144.59 k | n/a | n/a | -24.05 k | |
| Runway (months of cash) | -3.0 | -2.8 | n/a | n/a | -0.7 | |
Institutional ownership, Q3 2022
95.3% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 120 |
| Opened positions | 53 |
| Closed positions | 6 |
| Increased positions | 49 |
| Reduced positions | 1 |
| 13F shares | Current |
|---|---|
| Total value | 512.21 mm |
| Total shares | 57.17 mm |
| Total puts | 0.00 |
| Total calls | 352.27 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Aristeia Capital | 3.27 mm | $27.96 mm |
| Marshall Wace | 2.94 mm | $28.95 mm |
| HBCYF HSBC | 2.93 mm | $28.87 mm |
| Saba Capital Management | 2.74 mm | $26.98 mm |
| Glazer Capital | 2.65 mm | $26.09 mm |
| Cantor Fitzgerald, L. P. | 2.34 mm | $21.42 mm |
| Fir Tree Capital Management | 2.15 mm | $19.16 mm |
| Hudson Bay Capital Management | 1.79 mm | $15.98 mm |
| Periscope Capital | 1.79 mm | $14.60 mm |
| Mint Tower Capital Management B.V. | 1.67 mm | $16.43 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 Mar 22 | HEC Sponsor III | Class B Common Stock Class A Common Stock | Buy | Acquire P | No | No | 0 | 25,000 | 0.00 | 14,925,000 |
| 2 Mar 22 | Roni Frank | Class B Common Stock Class A Common Stock | Sell | Dispose S | No | No | 0 | 25,000 | 0.00 | 0 |