PowerUp Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The management team is led by Mr. Surendra Ajjarapu, Chief Executive Officer.
Company profile
Ticker
PWUP, PWUPU
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
PowerUp Merger Sub Inc. ...
PWUP stock data
Latest filings (excl ownership)
PRE 14A
Preliminary proxy
18 Apr 24
10-K
2023 FY
Annual report
11 Mar 24
UPLOAD
Letter from SEC
31 Jan 24
425
Business combination disclosure
29 Jan 24
S-4
Registration of securities issued in business combination transactions
26 Jan 24
CORRESP
Correspondence with SEC
23 Jan 24
425
Business combination disclosure
28 Dec 23
8-K
Entry into a Material Definitive Agreement
28 Dec 23
UPLOAD
Letter from SEC
26 Dec 23
10-Q
2023 Q3
Quarterly report
7 Nov 23
Latest ownership filings
SC 13G/A
GLAZER CAPITAL, LLC
14 Feb 24
SC 13G/A
BANK OF NOVA SCOTIA
13 Feb 24
SC 13G/A
Saba Capital Management, L.P.
8 Feb 24
SC 13G/A
ADAGE CAPITAL PARTNERS GP, L.L.C.
7 Feb 24
SC 13G
BANK OF NOVA SCOTIA
26 Dec 23
SC 13D
SRIRAMA Associates, LLC
5 Sep 23
3
SURENDRA K AJJARAPU
28 Aug 23
3
Mayur Mansukhlal Doshi
28 Aug 23
3
Avinash R Wadhwani
28 Aug 23
SC 13G/A
PowerUp Sponsor LLC
28 Aug 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | |
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Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
Net income | ||
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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) | 280.00 | 280.00 | 280.00 | 280.00 | 280.00 | |
Cash burn (monthly) | 41.64 k | 44.40 k | 108.25 k | 104.30 k | 15.18 k | |
Cash used (since last report) | 286.29 k | 305.29 k | 744.24 k | 717.09 k | 104.34 k | |
Cash remaining | -286.01 k | -305.01 k | -743.96 k | -716.81 k | -104.06 k | |
Runway (months of cash) | -6.9 | -6.9 | -6.9 | -6.9 | -6.9 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 24 |
Opened positions | 11 |
Closed positions | 37 |
Increased positions | 2 |
Reduced positions | 7 |
13F shares | Current |
---|---|
Total value | 17.26 bn |
Total shares | 9.56 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
SRIRAMA Associates | 4.32 mm | $0.00 |
PowerUp Sponsor | 2.87 mm | $0.00 |
Linden Capital | 650.00 k | $0.00 |
Periscope Capital | 201.05 k | $2.18 bn |
CNH Partners | 150.00 k | $1.62 bn |
Hudson Bay Capital Management | 150.00 k | $1.75 bn |
LMR Partners | 150.00 k | $1.62 bn |
Arena Investors | 150.00 k | $1.75 bn |
Exos TFP | 150.00 k | $1.62 bn |
Fir Tree Capital Management | 146.52 k | $1.71 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 Aug 23 | PowerUp Sponsor | Class A Ordinary Shares, par value $0.0001 | Sell | Dispose S | No | No | 0 | 4,317,500 | 0.00 | 2,870,000 |