The Company 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 Europe-based, high growth, technology-enabled businesses that utilize green technologies, aligning with ESG principles and the UN Sustainable Development Goals, and addressing consumer preferences for lifestyles driven by sustainability. The Company is sponsored by a team led by its Chairman, Lars Thunell, and a management team led by Co-CEOs Pieter Taselaar and Matheus (Thijs) Hovers, President Karan Trehan and Marc Rothfeldt, board members Wilco Jiskoot and Elaine Weidman Grunewald, and Senior Advisors Bazmi Hussain and Jonathan Copplestone.
Company profile
Ticker
ADSE
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
ADSE stock data
Latest filings (excl ownership)
10-K
2021 FY
Annual report
31 Jan 22
15-12B
Securities registration termination
18 Jan 22
25-NSE
Exchange delisting
5 Jan 22
25-NSE
Exchange delisting
5 Jan 22
25-NSE
Exchange delisting
5 Jan 22
425
Business combination disclosure
21 Dec 21
8-K
Submission of Matters to a Vote of Security Holders
21 Dec 21
425
Business combination disclosure
16 Dec 21
8-K
Other Events
16 Dec 21
425
Business combination disclosure
15 Dec 21
Latest ownership filings
4
Elaine Grunewald
22 Dec 21
4
Karan Trehan
22 Dec 21
4
Change in insider ownership
22 Dec 21
4
Marc Rothfeldt
22 Dec 21
4
Lars Henrik Thunell
22 Dec 21
4
Pieter Taselaar
22 Dec 21
SC 13G
Sculptor Capital LP
24 Nov 21
SC 13G
Hartree Partners, LP
27 Sep 21
3
Marc Rothfeldt
3 Feb 21
3
Lars Henrik Thunell
3 Feb 21
Financial summary
Quarter (USD) | Oct 21 | Jul 21 | Apr 21 | Jan 21 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
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Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Oct 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) | 291.47 k | 291.47 k | 291.47 k | 291.47 k | 291.47 k | 291.47 k |
Cash burn (monthly) | 87.49 k | 70.14 k | 434.23 k | 240.21 k | (no burn) | 156.89 k |
Cash used (since last report) | 2.53 mm | 2.03 mm | 12.56 mm | 6.95 mm | n/a | 4.54 mm |
Cash remaining | -2.24 mm | -1.74 mm | -12.27 mm | -6.66 mm | n/a | -4.25 mm |
Runway (months of cash) | -25.6 | -24.8 | -28.3 | -27.7 | n/a | -27.1 |
Institutional ownership, Q4 2021
1.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 1 |
Closed positions | 45 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 7.48 mm |
Total shares | 745.13 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Sculptor Capital | 745.13 k | $7.48 mm |