TortoiseEcofin Acquisition Corp. III was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination. The Company intends to focus its search for a target business in the broad energy transition or sustainability arena targeting industries that provide or require innovative solutions to decarbonize in order to meet critical emission reduction objectives.
Company profile
Ticker
TRTL, TRTL-WT, TRTL-UN
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
TRTL stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
18 Apr 24
8-K
Other Events
18 Apr 24
8-K
Entry into a Material Definitive Agreement
17 Apr 24
DEFA14A
Additional proxy soliciting materials
15 Apr 24
8-K
Other Events
15 Apr 24
10-K
2023 FY
Annual report
1 Apr 24
DEF 14A
Definitive proxy
29 Mar 24
PRE 14A
Preliminary proxy
29 Feb 24
425
Business combination disclosure
21 Feb 24
8-K
Entry into a Material Definitive Agreement
21 Feb 24
Latest ownership filings
SC 13G
First Trust Capital Management L.P.
15 Feb 24
SC 13G/A
ARISTEIA CAPITAL, L.L.C.
14 Feb 24
SC 13G/A
D. E. SHAW & CO, L.P.
14 Feb 24
SC 13G/A
Sandia Investment Management LP
14 Feb 24
SC 13G/A
P SCHOENFELD ASSET MANAGEMENT LP
14 Feb 24
SC 13G
METEORA CAPITAL, LLC
14 Feb 24
SC 13G
Westchester Capital Management, LLC
14 Feb 24
SC 13G
MIZUHO FINANCIAL GROUP INC
13 Feb 24
SC 13G/A
CANTOR FITZGERALD SECURITIES
12 Feb 24
SC 13G/A
Linden Capital L.P.
7 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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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 |
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) | 13.14 k | 13.14 k | 13.14 k | 13.14 k | 13.14 k | 13.14 k |
Cash burn (monthly) | 7.66 k | 26.31 k | 420.39 k | 227.20 k | (no burn) | 488.61 k |
Cash used (since last report) | 52.02 k | 178.61 k | 2.85 mm | 1.54 mm | n/a | 3.32 mm |
Cash remaining | -38.89 k | -165.47 k | -2.84 mm | -1.53 mm | n/a | -3.30 mm |
Runway (months of cash) | -5.1 | -6.3 | -6.8 | -6.7 | n/a | -6.8 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 37 |
Opened positions | 33 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 3.73 bn |
Total shares | 21.76 mm |
Total puts | 0.00 |
Total calls | 1.06 mm |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
TortoiseEcofin Sponsor III | 6.86 mm | $71.16 mm |
D. E. Shaw & Co | 2.97 mm | $0.00 |
Linden Capital | 2.97 mm | $28.78 mm |
Fitzgerald Securities Cantor | 2.51 mm | $0.00 |
Shaolin Capital Management | 850.00 k | $145.00 k |
D. E. Shaw & Co. | 742.50 k | $126.23 mm |
Periscope Capital | 681.30 k | $113.20 mm |
Linden Advisors | 676.52 k | $111.76 mm |
Gritstone Asset Management | 636.09 k | $108.14 mm |
K2 Principal Fund | 445.94 k | $58.11 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
8 Sep 23 | Jack Leeney | Class B Ordinary Shares Class A Ordinary Shares | Other | Acquire J | No | No | 0 | 20,000 | 0.00 | 20,000 |
8 Sep 23 | Matthew Schindel | Class B Ordinary Shares Class A Ordinary Shares | Other | Acquire J | No | No | 0 | 20,000 | 0.00 | 20,000 |
8 Sep 23 | TortoiseEcofin Sponsor III | Class B Ordinary Shares Class A Ordinary Shares | Other | Acquire J | No | No | 0 | 60,000 | 0.00 | 6,915,000 |
8 Sep 23 | Andrew B Lipsher | Class B Ordinary Shares Class A Ordinary Shares | Other | Acquire J | No | No | 0 | 20,000 | 0.00 | 20,000 |