Fusion Acquisition Corp. II, founded and led by Chief Executive Officer John James, 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. Fusion’s board of directors comprises Non-Executive Chairman Jim Ross, Chief Executive Officer John James, Chief Financial Officer Erik Thoresen, and directors Kelly Driscoll and Ben Buettell.
Company profile
Ticker
FSNB, FSNB-UN
Exchange
Employees
Location
Fiscal year end
Industry (SIC)
SEC CIK
FSNB stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
29 Dec 23
8-K
Fusion Acquisition Corp. II Announces Redemption of Shares
26 Dec 23
NT 10-Q
Notice of late quarterly filing
14 Nov 23
10-K
2022 FY
Annual report
1 Nov 23
25-NSE
Exchange delisting
1 Nov 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
20 Oct 23
8-K
Other Events
18 Sep 23
8-K/A
Entry into a Material Definitive Agreement
5 Sep 23
8-K
Entry into a Material Definitive Agreement
1 Sep 23
DEFA14A
Additional proxy soliciting materials
30 Aug 23
Latest ownership filings
SC 13G/A
Atlas Merchant Capital LLC
14 Feb 24
SC 13G/A
BOOTHBAY FUND MANAGEMENT, LLC
13 Feb 24
SC 13G/A
ARISTEIA CAPITAL, L.L.C.
12 Feb 24
SC 13G/A
BANK OF MONTREAL /CAN/
9 Feb 24
SC 13G/A
Saba Capital Management, L.P.
8 Feb 24
SC 13G/A
COWEN AND COMPANY, LLC
1 Feb 24
SC 13G
Atlas Merchant Capital LLC
13 Sep 23
SC 13G/A
METEORA CAPITAL, LLC
8 Sep 23
4
Change in insider ownership
6 Sep 23
4
John James
30 Aug 23
Financial summary
Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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) | 3.77 k | 3.77 k | 3.77 k | 3.77 k | 3.77 k | 3.77 k |
Cash burn (monthly) | 123.06 k | 4.61 k | (no burn) | (no burn) | (no burn) | 266.53 k |
Cash used (since last report) | 1.84 mm | 68.99 k | n/a | n/a | n/a | 3.99 mm |
Cash remaining | -1.84 mm | -65.21 k | n/a | n/a | n/a | -3.98 mm |
Runway (months of cash) | -14.9 | -14.1 | n/a | n/a | n/a | -14.9 |
Institutional ownership, Q2 2023
13F holders | Current |
---|---|
Total holders | 22 |
Opened positions | 4 |
Closed positions | 5 |
Increased positions | 3 |
Reduced positions | 9 |
13F shares | Current |
---|---|
Total value | 45.26 bn |
Total shares | 17.24 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Fusion Sponsor II | 12.50 mm | $121.25 mm |
Meteora Capital | 524.12 k | $5.44 bn |
Westchester Capital Management | 511.93 k | $5.31 bn |
Cowen And | 468.65 k | $4.86 bn |
Ubs Oconnor | 443.82 k | $4.61 bn |
Centiva Capital | 424.79 k | $4.41 bn |
Fir Tree Capital Management | 400.00 k | $4.15 bn |
Boothbay Fund Management | 373.90 k | $3.88 bn |
Exos TFP | 343.73 k | $2.31 bn |
Cubist Systematic Strategies | 218.97 k | $2.27 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Sep 23 | Cowen | Class A Common Stock | Other | Dispose J | Yes | No | 10.43 | 138,648 | 1.45 mm | 0 |
1 Sep 23 | Cowen | Class A Common Stock | Other | Dispose J | Yes | No | 10.43 | 330,000 | 3.44 mm | 0 |
29 Aug 23 | Fusion Sponsor II | Class B Common Stock Class A Common Stock | Conversion | Dispose C | No | No | 0 | 12,500,000 | 0.00 | 0 |
21 Apr 23 | Cowen | Class A Common Stock | Sell | Dispose S | Yes | No | 10.27 | 1,393 | 14.31 k | 330,000 |
21 Apr 23 | Cowen | Class A Common Stock | Sell | Dispose S | Yes | No | 10.265 | 4,900 | 50.30 k | 331,393 |
21 Apr 23 | Cowen | Class A Common Stock | Sell | Dispose S | Yes | No | 10.24 | 10,100 | 103.42 k | 336,293 |
19 Apr 23 | Cowen | Class A Common Stock | Buy | Acquire P | Yes | No | 10.24 | 36,400 | 372.74 k | 346,393 |