ExcelFin Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in San Francisco, California.
Company profile
Ticker
XFIN, XFINU, XFINW
Exchange
Website
CEO
Mr. Joseph D. Ragan III
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
IBEX Holdings Ltd
SEC CIK
XFIN stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
11 Oct 24
25-NSE
Exchange delisting
1 Oct 24
8-K
Other Events
27 Sep 24
8-K
Submission of Matters to a Vote of Security Holders
26 Sep 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
12 Sep 24
425
Business combination disclosure
5 Sep 24
8-K
Baird Medical and ExcelFin Acquisition Corp Announce Effectiveness of Registration Statement
5 Sep 24
DEFM14A
Proxy related to merger
5 Sep 24
425
Business combination disclosure
23 Aug 24
8-K
Entry into a Material Definitive Agreement
23 Aug 24
Latest ownership filings
SC 13G/A
Radcliffe Capital Management, L.P.
14 Feb 24
SC 13G/A
Sculptor Capital LP
14 Feb 24
SC 13G/A
Saba Capital Management, L.P.
9 Feb 24
4
Change in insider ownership
27 Oct 23
4
Change in insider ownership
15 May 23
SC 13G
Exos Asset Management LLC
10 May 23
4
Change in insider ownership
8 May 23
4
Change in insider ownership
2 May 23
3
Initial statement of insider ownership
24 Apr 23
SC 13G
Radcliffe Capital Management, L.P.
24 Apr 23
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
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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) | 110.60 k | 110.60 k | 110.60 k | 110.60 k | 110.60 k | 110.60 k |
Cash burn (monthly) | 166.07 k | 5.81 k | 272.56 k | 383.56 k | 260.25 k | 178.40 k |
Cash used (since last report) | 630.37 k | 22.05 k | 1.03 mm | 1.46 mm | 987.88 k | 677.18 k |
Cash remaining | -519.77 k | 88.55 k | -923.99 k | -1.35 mm | -877.28 k | -566.58 k |
Runway (months of cash) | -3.1 | 15.2 | -3.4 | -3.5 | -3.4 | -3.2 |
Institutional ownership, Q2 2024
13F holders | Current |
---|---|
Total holders | 49 |
Opened positions | 5 |
Closed positions | 2 |
Increased positions | 5 |
Reduced positions | 5 |
13F shares | Current |
---|---|
Total value | 11.24 bn |
Total shares | 13.57 mm |
Total puts | 0.00 |
Total calls | 680.31 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
ExcelFin SPAC | 5.75 mm | $0.00 |
Sculptor Capital | 767.30 k | $28.66 mm |
Shaolin Capital Management | 692.82 k | $20.85 mm |
Dryden Capital | 638.28 k | $19.15 mm |
Calamos Advisors | 500.00 k | $18.65 mm |
Kepos Capital | 416.48 k | $16.00 k |
Periscope Capital | 400.10 k | $1.12 bn |
Adage Capital Partners GP, L.L.C. | 375.00 k | $375.00 k |
Rivernorth Capital Management | 274.50 k | $2.75 bn |
CNH Partners | 272.06 k | $1.38 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Oct 23 | ExcelFin SPAC | Class A Common Stock | Conversion | Acquire C | No | No | 10 | 5,750,000 | 57.50 mm | 5,750,000 |
11 May 23 | Highbridge Capital Management | Class A Common Stock, par value $0.0001 per share | Sell | Dispose S | Yes | No | 10.32 | 81,175 | 837.73 k | 418,315 |
4 May 23 | Highbridge Capital Management | Class A Common Stock, par value $0.0001 per share | Sell | Dispose S | Yes | No | 10.31 | 310 | 3.20 k | 499,490 |
28 Apr 23 | Highbridge Capital Management | Class A Common Stock, par value $0.0001 per share | Sell | Dispose S | Yes | No | 10.325 | 200 | 2.07 k | 499,800 |