ExcelFin Acquisition (XFIN)

Company Profile

ExcelFin Acquisition Corp. is a newly incorporated blank check company formed as a Delaware corporation for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Company profile

Ticker

XFIN, XFINU, XFINW

Exchange

Location

Fiscal year end

Industry (SIC)

Pershing Square Tontine • Foley Trasimene Acquisition II • KKR Acquisition Holdings I • Austerlitz Acquisition Corp II • FTAC Hera Acquisition • Cohn Robbins • Polestar Automotive Holding UK • E.Merge Technology Acquisition • Slam • MSD Acquisition ...

SEC CIK

0001852749

Corporate docs

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

XFIN stock data

1M 1Y 5Y

Latest filings (excl ownership)

View all

5 Sep 23

11 Aug 23

Business combination disclosure

1 Aug 23

425

Business combination disclosure

Correspondence with SEC

28 Jun 23

425

Business combination disclosure

26 Jun 23

425

Business combination disclosure

26 Jun 23

425

Business combination disclosure

26 Jun 23

425

Business combination disclosure

26 Jun 23

Latest ownership filings

View all

Change in insider ownership

15 May 23

SC 13G

Exos Asset Management LLC

10 May 23

Change in insider ownership

8 May 23

Change in insider ownership

2 May 23

Initial statement of insider ownership

24 Apr 23

SC 13G

Radcliffe Capital Management, L.P.

Saba Capital Management, L.P.

Financial summary

Financial statements Chart XFIN financial data

Quarter (USD)	Jun 23	Mar 23	Dec 22	Sep 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	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)	180.32 k	180.32 k	180.32 k	180.32 k	180.32 k	180.32 k
Cash burn (monthly)	63.16 k	17.09 k	700.03 k	(no burn)	458.80 k	434.09 k
Cash used (since last report)	182.29 k	49.33 k	2.02 mm	n/a	1.32 mm	1.25 mm
Cash remaining	-1.97 k	131.00 k	-1.84 mm	n/a	-1.14 mm	-1.07 mm
Runway (months of cash)	-0.0	7.7	-2.6	n/a	-2.5	-2.5

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2023

XFIN institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	53	73	-27.4%
Opened positions	7	32	-78.1%
Closed positions	27	3	+800.0%
Increased positions	4	29	-86.2%
Reduced positions	28	2	+1300.0%

13F shares	Current	Prev Q	Change
Total value	1.38 bn	204.21 bn	-99.3%
Total shares	14.44 mm	34.56 mm	-58.2%
Total puts	592.82 k	0.00	NEW
Total calls	687.31 k	727.26 k	-5.5%
Total put/call ratio	0.9	–	–

Largest owners	Shares	Value	Change
ExcelFin SPAC	5.75 mm	$0.00	0.0%
Gritstone Asset Management	804.31 k	$61.13 mm	-7.5%
Sculptor Capital	767.30 k	$61.81 mm	0.0%
Dryden Capital	691.53 k	$49.17 mm	-43.9%
Calamos Advisors	500.00 k	$40.28 mm	-66.7%
Exos Asset Management	448.28 k	$4.61 mm	NEW
Periscope Capital	418.30 k	$33.36 mm	-64.2%
Kepos Capital	416.48 k	$34.00 k	NEW
Adage Capital Partners GP, L.L.C.	375.00 k	$28.50 mm	-66.8%
Sandia Investment Management	351.24 k	$28.29 mm	-29.8%

Largest transactions	Shares	Bought/sold	Change
Fir Tree Capital Management	0.00	-1.29 mm	EXIT
Westchester Capital Management	0.00	-1.22 mm	EXIT
Saba Capital Management	132.01 k	-1.17 mm	-89.9%
Calamos Advisors	500.00 k	-1.00 mm	-66.7%
Shaolin Capital Management	0.00	-992.82 k	EXIT
Kim	0.00	-975.00 k	EXIT
Marshall Wace	0.00	-905.89 k	EXIT
Taconic Capital Advisors	0.00	-800.00 k	EXIT
Adage Capital Partners GP, L.L.C.	375.00 k	-755.90 k	-66.8%
Davidson Kempner Partners	0.00	-750.00 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

XFIN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.