Investcorp Europe Acquisition Corp I (IVCB)

Company Profile

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, IVCBU, IVCBW

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 ...

Former names

Investcorp Asia Acquisition Corp I

SEC CIK

0001857410

Corporate docs

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

IVCB stock data

1M 1Y 5Y

Latest filings (excl ownership)

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9 Aug 23

Business combination disclosure

9 Aug 23

425

Business combination disclosure

8 Aug 23

8-K

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

10 Jul 23

425

Business combination disclosure

5 Jul 23

425

Business combination disclosure

Notice of late quarterly filing

15 May 23

425

Business combination disclosure

11 May 23

425

Business combination disclosure

11 May 23

Latest ownership filings

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Saba Capital Management, L.P.

14 Feb 23

SC 13G

Europe Acquisition Holdings Ltd

11 Feb 22

3/A

Initial statement of insider ownership (amended)

27 Jan 22

SC 13G

ADAGE CAPITAL PARTNERS GP, L.L.C.

27 Dec 21

SC 13G

Saba Capital Management, L.P.

23 Dec 21

Initial statement of insider ownership

Financial summary

Financial statements Chart IVCB 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)	234.23 k	234.23 k	234.23 k	234.23 k	234.23 k	234.23 k
Cash burn (monthly)	(no burn)	55.22 k	961.70 k	686.56 k	176.16 k	105.22 k
Cash used (since last report)	n/a	163.01 k	2.84 mm	2.03 mm	520.02 k	310.60 k
Cash remaining	n/a	71.23 k	-2.60 mm	-1.79 mm	-285.78 k	-76.37 k
Runway (months of cash)	n/a	1.3	-2.7	-2.6	-1.6	-0.7

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2023

IVCB institutional ownership history Ownership history

97.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	44	46	-4.3%
Opened positions	4	12	-66.7%
Closed positions	6	29	-79.3%
Increased positions	2	7	-71.4%
Reduced positions	8	23	-65.2%

13F shares	Current	Prev Q	Change
Total value	4.81 bn	3.84 bn	+25.1%
Total shares	18.61 mm	21.27 mm	-12.5%
Total puts	1.40 mm	0.00	NEW
Total calls	424.91 k	162.19 k	+162.0%
Total put/call ratio	3.3	–	–

Largest owners	Shares	Value	Change
Europe Acquisition	7.08 mm	$0.00	0.0%
Periscope Capital	1.06 mm	$206.11 mm	0.0%
Adage Capital Partners GP, L.L.C.	1.00 mm	$194.70 mm	0.0%
Dryden Capital	928.80 k	$180.84 mm	0.0%
Saba Capital Management	899.95 k	$175.22 mm	0.0%
Gritstone Asset Management	759.10 k	$147.80 mm	0.0%
Calamos Advisors	750.00 k	$149.81 mm	0.0%
Castle Creek Arbitrage	670.42 k	$130.53 mm	-10.6%
CNH Partners	633.29 k	$123.30 mm	-2.9%
Aristeia Capital	400.00 k	$78.02 mm	0.0%

Largest transactions	Shares	Bought/sold	Change
Shaolin Capital Management	0.00	-1.50 mm	EXIT
Sculptor Capital	61.55 k	-582.00 k	-90.4%
Davidson Kempner Partners	0.00	-250.00 k	EXIT
Wolverine Asset Management	264.30 k	-147.60 k	-35.8%
Cubist Systematic Strategies	0.00	-118.88 k	EXIT
Sage Rock Capital Management	103.42 k	+103.42 k	NEW
Cowen And	92.60 k	+92.60 k	NEW
Parallax Volatility Advisers	0.00	-91.04 k	EXIT
Castle Creek Arbitrage	670.42 k	-79.63 k	-10.6%
Kim	300.00 k	-50.00 k	-14.3%

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.