Fintech Ecosystem Development Corp. is a special purpose acquisition company formed for the purpose of effecting one or more business combinations with an intent to focus on the financial technology sector. The Company is sponsored by Revofast LLC and the management team led by Chief Executive Officer, President and founder Dr. Saiful Khandaker and a team of experienced Fintech business and technology innovators.
Company profile
Ticker
FEXD
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
862438985
FEXD stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
28 Mar 24
DEF 14A
Definitive proxy
26 Mar 24
425
Business combination disclosure
21 Mar 24
8-K
Other Events
21 Mar 24
PRE 14A
Preliminary proxy
11 Mar 24
425
Business combination disclosure
21 Feb 24
8-K
Other Events
21 Feb 24
425
Business combination disclosure
22 Jan 24
8-K
Other Events
22 Jan 24
8-K
Fintech Ecosystem Development Corp. Receives Notice from Nasdaq
27 Dec 23
Latest ownership filings
SC 13G
COWEN AND COMPANY, LLC
11 Mar 24
SC 13G
Shaolin Capital Management LLC
14 Feb 24
SC 13G
Oaktree Capital Group Holdings GP, LLC
14 Feb 24
SC 13G
MIZUHO FINANCIAL GROUP INC
13 Feb 24
SC 13G/A
Saba Capital Management, L.P.
8 Feb 24
SC 13G
Hudson Bay Capital Management LP
5 Feb 24
SC 13G/A
Weiss Asset Management LP
26 Jan 24
SC 13G/A
First Trust Capital Management L.P.
9 Nov 23
SC 13G/A
First Trust Capital Management L.P.
11 Sep 23
4
Change in insider ownership
18 Aug 23
Financial summary
Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Revenue | |||
Cost of revenue | |||
Operating income | |||
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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) | 1.03 k | 1.03 k | 1.03 k | 1.03 k | 1.03 k | 1.03 k |
Cash burn (monthly) | 3.72 k | 1.46 k | 135.10 k | (no burn) | 79.67 k | 84.13 k |
Cash used (since last report) | 33.29 k | 13.05 k | 1.21 mm | n/a | 713.08 k | 753.04 k |
Cash remaining | -32.27 k | -12.02 k | -1.21 mm | n/a | -712.05 k | -752.02 k |
Runway (months of cash) | -8.7 | -8.2 | -8.9 | n/a | -8.9 | -8.9 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 54 |
Opened positions | 8 |
Closed positions | 0 |
Increased positions | 5 |
Reduced positions | 11 |
13F shares | Current |
---|---|
Total value | 43.72 bn |
Total shares | 14.60 mm |
Total puts | 0.00 |
Total calls | 15.00 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Mangrove Partners | 1.50 mm | $210.07 mm |
Saba Capital Management | 1.41 mm | $141.68 mm |
Vivaldi Asset Management | 750.00 k | $7.96 bn |
EHP Funds | 713.00 k | $15.15 mm |
Yakira Capital Management | 708.33 k | $422.82 mm |
Space Summit Capital | 700.00 k | $0.00 |
Shaolin Capital Management | 668.61 k | $2.46 mm |
MMCAP International Inc. SPC | 600.00 k | $60.54 mm |
Boothbay Fund Management | 600.00 k | $2.18 bn |
Atw Spac Management | 600.00 k | $60.29 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 Aug 23 | Mizuho Securities Usa | Common Stock | Sell | Dispose S | No | No | 10.71 | 201,537 | 2.16 mm | 282,000 |
20 Oct 22 | Revofast | Class B Common Stock Class A Common Stock | Sale back to company | Dispose D | No | No | 3 | 500,000 | 1.50 mm | 2,780,000 |