FinServ Acquisition Corp. II is a newly incorporated 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 initial business combination target in any business or industry, it intends to focus its search on businesses in the financial technology and financial services industries. The Company is led by Lee Einbinder, Chief Executive Officer, Howard Kurz, President, and Steven Handwerker, Chief Financial Officer.
Company profile
Ticker
FSRX, FSRXU, FSRXW
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
854030806
FSRX stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
18 Dec 23
25-NSE
Exchange delisting
7 Dec 23
8-K
FinServ Acquisition Corp. II Announces its Intention to Liquidate
28 Nov 23
10-Q
2023 Q3
Quarterly report
13 Nov 23
8-K
Entry into a Material Definitive Agreement
24 Aug 23
10-Q
2023 Q2
Quarterly report
14 Aug 23
DEF 14A
Definitive proxy
1 Aug 23
PRE 14A
Preliminary proxy
18 Jul 23
10-Q
2023 Q1
Quarterly report
15 May 23
10-K
2022 FY
Annual report
31 Mar 23
Latest ownership filings
SC 13G/A
Saba Capital Management, L.P.
8 Feb 24
SC 13D/A
Finserv Holdings II LLC
28 Feb 23
SC 13G/A
Saba Capital Management, L.P.
14 Feb 23
4
Lee Einbinder
1 Feb 23
SC 13G
Saba Capital Management, L.P.
2 Jun 22
SC 13D
Finserv Holdings II LLC
3 Mar 21
4
Lee Einbinder
24 Feb 21
3
Michael Brian Vaughan
17 Feb 21
3
DAVID A SMILOW
17 Feb 21
3
ROBERT MATZA
17 Feb 21
Financial summary
| Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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| Revenue | |||||
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| Operating income | |||||
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| Cash on hand | |||||
| 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) | 132.28 k | 132.28 k | 132.28 k | 132.28 k | 132.28 k | |
| Cash burn (monthly) | (no burn) | 67.51 k | (no burn) | 48.34 k | 181.23 k | |
| Cash used (since last report) | n/a | 899.29 k | n/a | 643.98 k | 2.41 mm | |
| Cash remaining | n/a | -767.01 k | n/a | -511.70 k | -2.28 mm | |
| Runway (months of cash) | n/a | -11.4 | n/a | -10.6 | -12.6 | |
Institutional ownership, Q2 2023
| 13F holders | Current |
|---|---|
| Total holders | 51 |
| Opened positions | 44 |
| Closed positions | 4 |
| Increased positions | 1 |
| Reduced positions | 5 |
| 13F shares | Current |
|---|---|
| Total value | 106.32 mm |
| Total shares | 12.60 mm |
| Total puts | 0.00 |
| Total calls | 114.91 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Finserv Holdings II | 8.30 mm | $0.00 |
| Altshuler Shaham | 326.88 k | $8.04 mm |
| P Schoenfeld Asset Management | 306.25 k | $8.48 mm |
| Balyasny Asset Management | 306.25 k | $8.70 mm |
| ArrowMark Colorado | 306.25 k | $6.58 mm |
| Ubs Oconnor | 305.06 k | $8.45 mm |
| Radcliffe Capital Management | 215.49 k | $5.96 mm |
| Saba Capital Management | 202.72 k | $5.61 mm |
| Aristeia Capital | 201.20 k | $5.56 mm |
| Exos TFP | 160.66 k | $3.95 mm |