Mount Rainier Acquisition Corp. is a blank check company sponsored by DC Rainier SPV LLC, a Delaware limited liability company managed by Dominion Capital LLC, whose business purpose is to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Company profile
Ticker
RNER, HUBC
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
RNER stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
28 Feb 23
25-NSE
Exchange delisting
28 Feb 23
8-K
Submission of Matters to a Vote of Security Holders
27 Feb 23
10-K
2022 FY
Annual report
24 Feb 23
DEF 14A
Definitive proxy
10 Feb 23
425
Business combination disclosure
3 Feb 23
PRE 14A
Preliminary proxy
31 Jan 23
8-K
HUB Cyber Security Announces Expected SPAC Merger and Nasdaq Listing Date
27 Jan 23
425
Business combination disclosure
4 Jan 23
8-K
Mount Rainier Acquisition Corp. Stockholders Approve Business Combination with About HUB Cyber Security (Israel) Limited
4 Jan 23
Latest ownership filings
SC 13G/A
MMCAP International Inc. SPC
14 Feb 23
SC 13G/A
HIGHBRIDGE CAPITAL MANAGEMENT LLC
25 Jan 23
SC 13G/A
HIGHBRIDGE CAPITAL MANAGEMENT LLC
9 Feb 22
SC 13D
DC Rainier SPV LLC
15 Oct 21
SC 13G
HIGHBRIDGE CAPITAL MANAGEMENT LLC
15 Oct 21
SC 13G/A
K2 PRINCIPAL FUND, L.P.
12 Oct 21
4
Change in insider ownership
12 Oct 21
4
Matthew Joseph Kearney
8 Oct 21
4
Young Cho
8 Oct 21
4
Change in insider ownership
8 Oct 21
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 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) | 114.25 k | 114.25 k | 114.25 k | 114.25 k | 114.25 k | |
| Cash burn (monthly) | (no burn) | 57.09 k | 635.54 k | 202.15 k | 30.00 k | |
| Cash used (since last report) | n/a | 160.54 k | 1.79 mm | 568.49 k | 84.36 k | |
| Cash remaining | n/a | -46.29 k | -1.67 mm | -454.25 k | 29.89 k | |
| Runway (months of cash) | n/a | -0.8 | -2.6 | -2.2 | 1.0 | |
Institutional ownership, Q3 2022
| 13F holders | Current |
|---|---|
| Total holders | 39 |
| Opened positions | 17 |
| Closed positions | 11 |
| Increased positions | 9 |
| Reduced positions | 3 |
| 13F shares | Current |
|---|---|
| Total value | 184.92 mm |
| Total shares | 18.32 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| DC Rainier SPV | 3.54 mm | $35.67 mm |
| MMCAP International Inc. SPC | 1.50 mm | $15.15 mm |
| Periscope Capital | 1.31 mm | $13.21 mm |
| Highbridge Capital Management | 1.20 mm | $12.13 mm |
| Hudson Bay Capital Management | 1.04 mm | $10.50 mm |
| Marshall Wace | 818.28 k | $8.27 mm |
| Alberta Investment Management | 700.00 k | $7.07 mm |
| Starboard Value | 637.96 k | $6.44 mm |
| Shaolin Capital Management | 626.50 k | $6.33 mm |
| NMR Nomura | 600.00 k | $6.05 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 7 Oct 21 | A.g.p. / Alliance Global Partners | Common Stock | Other | Dispose J | No | No | 0 | 50,000 | 0.00 | 865,000 |
| 7 Oct 21 | Young Cho | Common Stock | Buy | Acquire P | No | No | 0 | 3,000 | 0.00 | 104,095 |
| 7 Oct 21 | Young Cho | Warrants to purchase Common Stock Common Stock | Buy | Acquire P | No | No | 11.5 | 3,000 | 34.50 k | 3,000 |
| 7 Oct 21 | Kearney Matthew Joseph | Common Stock | Buy | Acquire P | No | No | 0 | 10,000 | 0.00 | 346,985 |
| 7 Oct 21 | Kearney Matthew Joseph | Warrants to purchase Common Stock Common Stock | Buy | Acquire P | No | No | 11.5 | 10,000 | 115.00 k | 10,000 |
| 7 Oct 21 | DC Rainier SPV | Common Stock | Buy | Acquire P | No | No | 0 | 583,200 | 0.00 | 3,535,119 |
| 7 Oct 21 | DC Rainier SPV | Common Stock | Other | Acquire J | No | No | 0 | 50,000 | 0.00 | 2,951,919 |
| 7 Oct 21 | DC Rainier SPV | Warrants to purchase Common Stock Common Stock | Buy | Acquire P | No | No | 11.5 | 583,200 | 6.71 mm | 583,200 |
News
Why Titan International Shares Are Trading Lower By Around 22%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
28 Feb 23
US Stocks Mixed; Dow Drops 100 Points
28 Feb 23
Why Catalyst Biosciences Shares Are Trading Higher By 105%; Here Are 20 Stocks Moving Premarket
28 Feb 23
Why Smith Micro Software Shares Are Trading Lower By Over 46%? Here Are Other Stocks Moving In Monday's Mid-Day Session
27 Feb 23
Mount Rainier Shares Are Trading Lower After Co. General Meeting Was Cancelled On Sunday; Seeing Reports That Investors In Merging Co. Hub Security's SPAC Have Not Deposited The Money Due Before Merger - Calcalist
27 Feb 23
Press releases
HUB Cyber Security Ltd, a Developer of Confidential Computing Cybersecurity Solutions and Services, Successfully Closes Its Business Combination with Mount Rainier Acquisition Corp.
28 Feb 23
HUB Cyber Security Ltd, a Developer of Confidential Computing Cybersecurity Solutions and Services, Successfully Closes Its Business Combination with Mount Rainier Acquisition Corp.
28 Feb 23
HUB Cyber Security Announces Expected SPAC Merger and Nasdaq Listing Date
26 Jan 23
Hub Security Announced the Fulfillment of All Conditions Precedent for the Upcoming $1.28 Billion Merger Transaction
12 Jan 23
Mount Rainier Acquisition Corp. Stockholders Approve Business Combination with HUB Cyber Security (Israel) Ltd.
4 Jan 23