XPAC (Nasdaq: XPAX, XPAXW and XPAXU) is a special purpose acquisition company sponsored by XPAC Sponsor LLC, an affiliate of XP Inc. (NASDAQ: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil. Led by CEO and Chairman Chu Chiu Kong, CIO Guilherme Teixeira and CFO Fabio Kann, XPAC completed its US$220 million initial public offering on Nasdaq in August 2021 with an intention to focus on target businesses located in Brazil. For more information, visit http://www.xpac.com.br.
Company profile
Ticker
XPAX, XPAXU, XPAXW
Exchange
Employees
Location
Industry (SIC)
SEC CIK
XPAX stock data
Latest filings (excl ownership)
425
Business combination disclosure
29 Dec 22
425
Business combination disclosure
29 Dec 22
8-K
Regulation FD Disclosure
29 Dec 22
425
Business combination disclosure
12 Dec 22
425
Business combination disclosure
12 Dec 22
8-K
Ordinary and Extraordinary General Meeting
12 Dec 22
425
Business combination disclosure
2 Dec 22
425
Business combination disclosure
2 Dec 22
8-K
Entry into a Material Definitive Agreement
2 Dec 22
10-Q
2022 Q3
Quarterly report
10 Nov 22
Latest ownership filings
SC 13G/A
Truxt Investmentos Ltda.
4 Feb 22
SC 13D/A
XPAC Sponsor LLC
20 Aug 21
4
Change in insider ownership
20 Aug 21
SC 13D
XPAC Sponsor LLC
13 Aug 21
SC 13G
Fourth Sail Capital LP
11 Aug 21
SC 13G
Truxt Investmentos Ltda.
9 Aug 21
4
Change in insider ownership
5 Aug 21
4
Ana Cabral-Gardner
5 Aug 21
3
Camilo de Oliveira Tedde
29 Jul 21
3
Denis Pedreira
29 Jul 21
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Revenue | |||||
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| 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) | 231.01 k | 231.01 k | 231.01 k | 231.01 k | 231.01 k | 231.01 k |
| Cash burn (monthly) | 13.08 k | 64.59 k | 565.72 k | 478.91 k | 376.87 k | 576.39 k |
| Cash used (since last report) | 51.12 k | 252.41 k | 2.21 mm | 1.87 mm | 1.47 mm | 2.25 mm |
| Cash remaining | 179.89 k | -21.40 k | -1.98 mm | -1.64 mm | -1.24 mm | -2.02 mm |
| Runway (months of cash) | 13.8 | -0.3 | -3.5 | -3.4 | -3.3 | -3.5 |
Institutional ownership, Q3 2022
95.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 49 |
| Opened positions | 10 |
| Closed positions | 1 |
| Increased positions | 6 |
| Reduced positions | 8 |
| 13F shares | Current |
|---|---|
| Total value | 100.68 mm |
| Total shares | 21.06 mm |
| Total puts | 0.00 |
| Total calls | 556.33 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| XPAC Sponsor | 7.62 mm | $0.00 |
| Fourth Sail Capital | 1.50 mm | $0.00 |
| Millennium Management | 1.00 mm | $9.81 mm |
| Marshall Wace | 812.45 k | $7.95 mm |
| Moore Capital Management | 666.67 k | $4.91 mm |
| Aristeia Capital | 655.00 k | $6.41 mm |
| Silver Rock Financial | 652.81 k | $4.81 mm |
| Mangrove Partners | 500.00 k | $4.89 mm |
| Ghisallo Capital Management | 496.30 k | $4.87 mm |
| C Citigroup | 483.73 k | $4.75 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 19 Aug 21 | XPAC Sponsor | Class B ordinary shares Class A ordinary shares | Other | Dispose J | No | No | 0 | 259,717 | 0.00 | 5,400,283 |
| 3 Aug 21 | Ana Cabral-Gardner | Class A ordinary shares | Buy | Acquire P | No | No | 0 | 30,000 | 0.00 | 30,000 |
| 3 Aug 21 | XP | Class A ordinary shares | Buy | Acquire P | Yes | No | 0 | 38,900 | 0.00 | 38,900 |
| 3 Aug 21 | XP | Class A ordinary shares | Buy | Acquire P | Yes | No | 0 | 461,100 | 0.00 | 461,100 |
| 3 Aug 21 | XP | Class A ordinary shares | Buy | Acquire P | Yes | No | 0 | 500,000 | 0.00 | 500,000 |
| 3 Aug 21 | XP | Class A ordinary shares | Buy | Acquire P | Yes | No | 0 | 1,222,500 | 0.00 | 1,222,500 |