Investcorp Europe Acquisition Corp I is a special purpose acquisition company formed for the purpose effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses in Western Europe, including the United Kingdom, or Northern Europe and, opportunistically, in Turkey and businesses focusing on business services, consumer and lifestyle, niche manufacturing and technology sectors. Investcorp Europe is led by Chairman Hazem Ben-Gacem, Vice-Chairman Peter McKellar, CEO Baroness Ruby McGregor Smith, CBE, CIO Alptekin Diler and CFO Craig Sinfield-Hain. Investcorp Europe’s initial public offering was in December 2021 and its Class A common stock is listed on the Nasdaq under the symbol IVCB.
Company profile
Ticker
IVCB
Exchange
Employees
Location
Fiscal year end
Industry (SIC)
Former names
Investcorp Asia Acquisition Corp I
SEC CIK
IVCB stock data
Latest filings (excl ownership)
PRE 14A
Preliminary proxy
24 Apr 24
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
15 Apr 24
10-K
2023 FY
Annual report
11 Apr 24
NT 10-K
Notice of late annual filing
1 Apr 24
425
Business combination disclosure
11 Mar 24
425
Business combination disclosure
11 Mar 24
8-K
Investcorp Europe Acquisition Corp I Amends Business Combination Agreement Following Divestiture of OpSec Security
11 Mar 24
8-K
Other Events
3 Jan 24
425
Business combination disclosure
19 Dec 23
425
Business combination disclosure
19 Dec 23
Latest ownership filings
SC 13G
METEORA CAPITAL, LLC
14 Feb 24
SC 13G
First Trust Capital Management L.P.
14 Feb 24
SC 13G/A
GLAZER CAPITAL, LLC
14 Feb 24
SC 13G
MIZUHO FINANCIAL GROUP INC
13 Feb 24
SC 13G/A
Europe Acquisition Holdings Ltd
13 Feb 24
SC 13G/A
Saba Capital Management, L.P.
9 Feb 24
SC 13G/A
ADAGE CAPITAL PARTNERS GP, L.L.C.
7 Feb 24
4
Change in insider ownership
22 Jan 24
4
Laurence Ponchaut
22 Jan 24
4
Pamela Jackson
22 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
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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) | 31.05 k | 31.05 k | 31.05 k | 31.05 k | 31.05 k | 31.05 k |
Cash burn (monthly) | 67.73 k | 45.62 k | 352.82 k | 703.04 k | 156.06 k | 117.70 k |
Cash used (since last report) | 467.37 k | 314.80 k | 2.43 mm | 4.85 mm | 1.08 mm | 812.24 k |
Cash remaining | -436.32 k | -283.75 k | -2.40 mm | -4.82 mm | -1.05 mm | -781.18 k |
Runway (months of cash) | -6.4 | -6.2 | -6.8 | -6.9 | -6.7 | -6.6 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 63 |
Opened positions | 21 |
Closed positions | 2 |
Increased positions | 21 |
Reduced positions | 3 |
13F shares | Current |
---|---|
Total value | 150.02 bn |
Total shares | 35.62 mm |
Total puts | 0.00 |
Total calls | 454.91 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Europe Acquisition | 7.08 mm | $0.00 |
Calamos Advisors | 2.25 mm | $16.50 bn |
Shaolin Capital Management | 1.88 mm | $5.59 mm |
Dryden Capital | 1.77 mm | $9.31 bn |
Castle Creek Arbitrage | 1.76 mm | $14.69 bn |
Glazer Capital | 1.74 mm | $18.97 mm |
Westchester Capital Management | 1.55 mm | $16.82 bn |
Saba Capital Management | 1.53 mm | $7.08 bn |
Periscope Capital | 1.47 mm | $4.71 bn |
WRB W.R. Berkley | 1.10 mm | $11.97 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Jan 24 | Baroness Ruby McGregor-Smith | Class A ordinary shares | Option exercise | Acquire M | No | No | 0 | 862,500 | 0.00 | 862,500 |
2 Jan 24 | Baroness Ruby McGregor-Smith | Class B ordinary shares Class A ordinary shares | Option exercise | Dispose M | No | No | 0 | 862,500 | 0.00 | 0 |
2 Jan 24 | Peter McKellar | Class A ordinary shares | Option exercise | Acquire M | No | No | 0 | 575,000 | 0.00 | 575,000 |
2 Jan 24 | Peter McKellar | Class B ordinary shares Class A ordinary shares | Option exercise | Dispose M | No | No | 0 | 575,000 | 0.00 | 0 |
2 Jan 24 | Adah Almutairi | Class A ordinary shares | Option exercise | Acquire M | No | No | 0 | 36,000 | 0.00 | 36,000 |
2 Jan 24 | Adah Almutairi | Class B ordinary shares Class A ordinary shares | Option exercise | Dispose M | No | No | 0 | 36,000 | 0.00 | 0 |
2 Jan 24 | Pamela Jackson | Class A ordinary shares | Option exercise | Acquire M | No | No | 0 | 36,000 | 0.00 | 36,000 |
2 Jan 24 | Pamela Jackson | Class B ordinary shares Class A ordinary shares | Option exercise | Dispose M | No | No | 0 | 36,000 | 0.00 | 0 |
2 Jan 24 | Laurence Ponchaut | Class A ordinary shares | Option exercise | Acquire M | No | No | 0 | 36,000 | 0.00 | 36,000 |
2 Jan 24 | Laurence Ponchaut | Class B ordinary shares Class A ordinary shares | Option exercise | Dispose M | No | No | 0 | 36,000 | 0.00 | 0 |