Good Works II Acquisition Corp. is a blank-check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. Good Works II may pursue a business combination opportunity in any business or industry it chooses. As was the case with Good Works Acquisition Corp., its founders have donated 800,000 shares of its founders stock to not-for-profit organizations to further its “Good Works” purpose.
Company profile
Ticker
GWII, GWIIW
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
852899919
GWII stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
28 Mar 23
25-NSE
Exchange delisting
15 Mar 23
8-K
Other Events
22 Feb 23
8-K
Entry into a Material Definitive Agreement
16 Feb 23
425
Business combination disclosure
25 Jan 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
20 Jan 23
8-K
Departure of Directors or Certain Officers
29 Dec 22
10-Q
2022 Q3
Quarterly report
25 Oct 22
425
Business combination disclosure
13 Oct 22
8-K
Good Works II Acquisition Corp. and Direct Biologics, LLC Announce a Definitive Agreement for a Business Combination
13 Oct 22
Latest ownership filings
SC 13G/A
Walleye Capital LLC
15 Feb 23
SC 13G
Mint Tower Capital Management B.V.
14 Feb 23
SC 13G/A
PERISCOPE CAPITAL INC.
13 Feb 23
SC 13G/A
Polar Asset Management Partners Inc.
10 Feb 23
SC 13G/A
Weiss Asset Management LP
30 Jan 23
SC 13G/A
Magnetar Financial LLC
27 Jan 23
SC 13G/A
HIGHBRIDGE CAPITAL MANAGEMENT LLC
25 Jan 23
4
Douglas Clark Wurth
12 Jul 22
4
FRED S ZEIDMAN
12 Jul 22
4
CARY M GROSSMAN
12 Jul 22
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| 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) | 699.23 k | 699.23 k | 699.23 k | 699.23 k | 699.23 k | |
| Cash burn (monthly) | 110.47 k | 57.19 k | 192.83 k | 120.35 k | 20.75 k | |
| Cash used (since last report) | 1.30 mm | 675.40 k | 2.28 mm | 1.42 mm | 245.02 k | |
| Cash remaining | -605.53 k | 23.83 k | -1.58 mm | -722.17 k | 454.21 k | |
| Runway (months of cash) | -5.5 | 0.4 | -8.2 | -6.0 | 21.9 | |
Institutional ownership, Q1 2023
22.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 2 |
| Opened positions | 1 |
| Closed positions | 20 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 53.89 mm |
| Total shares | 2.00 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Sea Otter Securities | 2.00 mm | $19.82 mm |
| FinTrust Capital Advisors | 3.39 k | $34.07 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 8 Jul 22 | Cary M Grossman | Common Stock | Gift | Acquire G | No | No | 0 | 60,000 | 0.00 | 460,000 |
| 8 Jul 22 | Douglas Clark Wurth | Common Stock | Gift | Dispose G | No | No | 0 | 50,000 | 0.00 | 350,000 |
| 8 Jul 22 | Fred S Zeidman | Common Stock | Gift | Dispose G | No | No | 0 | 50,000 | 0.00 | 350,000 |