G3 VRM Acquisition Corp. is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While it may pursue an initial business combination target in any business, industry or geographical location, it intends to focus its search on target businesses with enterprise values of approximately $250 million to $500 million within the technology and business services industry. The Company is sponsored by G3 VRM Holdings LLC, an affiliate of G2 Capital Advisors, LLC, a Massachusetts limited liability company that was founded in 2010 to provide financial advisory and investment banking services to middle-market companies leveraging deep industry sector specialization and capital markets expertise, and VerifyMe, Inc. (NASDAQ:VRME), a Nevada corporation and provider of comprehensive brand protection and customer engagement solutions.
Company profile
Ticker
GGGV, GGGVR
Exchange
Employees
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
852202109
GGGV stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
28 Jul 22
25-NSE
Exchange delisting
6 Jul 22
8-K
G3 VRM Acquisition Corp. Announces Liquidation
1 Jul 22
10-Q
2022 Q1
Quarterly report
13 May 22
10-K
2021 FY
Annual report
25 Mar 22
10-Q
2021 Q3
Quarterly report
12 Nov 21
8-K
Other Events
16 Aug 21
10-Q
2021 Q2
Quarterly report
12 Aug 21
8-K
Index to Financial Statements
12 Jul 21
8-K
Entry into a Material Definitive Agreement
7 Jul 21
Latest ownership filings
SC 13G
G3 VRM Holdings LLC
14 Feb 22
SC 13G/A
Saba Capital Management, L.P.
14 Feb 22
SC 13G
PERISCOPE CAPITAL INC.
14 Feb 22
SC 13G
Weiss Asset Management LP
11 Feb 22
SC 13G
Shaolin Capital Management LLC
11 Feb 22
SC 13G/A
Owl Creek Asset Management, L.P.
10 Feb 22
SC 13G
Hudson Bay Capital Management LP
8 Feb 22
SC 13G
Polar Asset Management Partners Inc.
8 Feb 22
SC 13G/A
Space Summit Capital LLC
3 Feb 22
SC 13G
Owl Creek Asset Management, L.P.
9 Jul 21
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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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) | 605.01 k | 605.01 k | 605.01 k | 605.01 k | 605.01 k | |
Cash burn (monthly) | (no burn) | 143.40 k | 58.65 k | 105.57 k | 26.39 k | |
Cash used (since last report) | n/a | 3.54 mm | 1.45 mm | 2.60 mm | 650.63 k | |
Cash remaining | n/a | -2.93 mm | -840.89 k | -2.00 mm | -45.62 k | |
Runway (months of cash) | n/a | -20.4 | -14.3 | -18.9 | -1.7 |
Institutional ownership, Q2 2022
13F holders | Current |
---|---|
Total holders | 33 |
Opened positions | 5 |
Closed positions | 1 |
Increased positions | 17 |
Reduced positions | 2 |
13F shares | Current |
---|---|
Total value | 103.20 mm |
Total shares | 22.01 mm |
Total puts | 0.00 |
Total calls | 25.00 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
G3 VRM | 2.96 mm | $0.00 |
Owl Creek Asset Management | 1.98 mm | $5.73 mm |
Polar Asset Management Partners | 1.68 mm | $9.97 mm |
Hudson Bay Capital Management | 1.59 mm | $9.96 mm |
Mangrove Partners | 1.50 mm | $150.00 k |
Shaolin Capital Management | 1.20 mm | $6.41 mm |
Boothbay Fund Management | 1.10 mm | $6.40 mm |
Atw Spac Management | 1.10 mm | $6.40 mm |
Kepos Capital | 1.10 mm | $99.00 k |
Saba Capital Management | 901.96 k | $9.16 mm |