Spindletop Health Acquisition Corp. (the “Company”) is a blank check company incorporated in Delaware on February 17, 2021. The Company was formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses (the “Business Combination”). The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.
Company profile
Ticker
SHCA, SHCAW, SHCAU
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
862141947
SHCA stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
18 Jan 23
25-NSE
Exchange delisting
27 Dec 22
8-K
Entry into a Material Definitive Agreement
23 Dec 22
DEF 14A
Definitive proxy
1 Dec 22
PRE 14A
Preliminary proxy
21 Nov 22
10-Q
2022 Q3
Quarterly report
10 Nov 22
10-Q
2022 Q2
Quarterly report
15 Aug 22
10-Q
2022 Q1
Quarterly report
23 May 22
NT 10-Q
Notice of late quarterly filing
16 May 22
10-K
2021 FY
Annual report
14 Apr 22
Latest ownership filings
SC 13G/A
HIGHBRIDGE CAPITAL MANAGEMENT LLC
25 Jan 23
SC 13G
Progeny 3, Inc.
17 Feb 22
SC 13G/A
Saba Capital Management, L.P.
14 Feb 22
SC 13G/A
Sculptor Capital LP
14 Feb 22
SC 13G/A
HIGHBRIDGE CAPITAL MANAGEMENT LLC
9 Feb 22
SC 13G
CALAMOS INVESTMENT TRUST/IL
8 Feb 22
SC 13G
HIGHBRIDGE CAPITAL MANAGEMENT LLC
18 Nov 21
SC 13G
Saba Capital Management, L.P.
12 Nov 21
4
Evan S Melrose
12 Nov 21
4
Change in insider ownership
12 Nov 21
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | 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) | 724.67 k | 724.67 k | 724.67 k | 724.67 k | 724.67 k | 724.67 k |
| Cash burn (monthly) | 44.13 k | (no burn) | 140.54 k | (no burn) | 241.00 k | 306.70 k |
| Cash used (since last report) | 172.08 k | n/a | 548.03 k | n/a | 939.78 k | 1.20 mm |
| Cash remaining | 552.59 k | n/a | 176.64 k | n/a | -215.11 k | -471.31 k |
| Runway (months of cash) | 12.5 | n/a | 1.3 | n/a | -0.9 | -1.5 |
Institutional ownership, Q3 2022
| 13F holders | Current |
|---|---|
| Total holders | 65 |
| Opened positions | 65 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 202.64 mm |
| Total shares | 26.97 mm |
| Total puts | 0.00 |
| Total calls | 440.41 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Saba Capital Management | 3.00 mm | $22.30 mm |
| Progeny 3 | 2.25 mm | $15.14 mm |
| Highbridge Capital Management | 1.53 mm | $15.42 mm |
| Sculptor Capital | 1.50 mm | $10.10 mm |
| Taconic Capital Advisors | 1.20 mm | $8.09 mm |
| Periscope Capital | 1.19 mm | $5.77 mm |
| Millennium Management | 917.00 k | $9.23 mm |
| CNH Partners | 905.80 k | $7.17 mm |
| D. E. Shaw & Co. | 905.15 k | $6.87 mm |
| Alberta Investment Management | 870.33 k | $7.46 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 8 Nov 21 | Spindletop Health Sponsor | Private Warrants Class A Common Stock | Buy | Acquire P | No | No | 1 | 12,600,000 | 12.60 mm | 12,600,000 |
| 8 Nov 21 | Evan S Melrose | Private Warrants Class A Common Stock | Buy | Acquire P | Yes | No | 1 | 12,600,000 | 12.60 mm | 12,600,000 |