Endurance Acquisition Corp. (the “Company”) is a newly incorporated blank check company incorporated as a Cayman Islands exempted company on April 23, 2021. The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company has not selected any specific Business Combination target and the Company has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any Business Combination target with respect to an initial Business Combination with the Company. While the Company may pursue an initial Business Combination target in any industry or geographic location, the Company intends to focus its search for a target business operating in data infrastructure and analytics, with a primary focus on space and wireless industries and related technology and services, which the Company refers to as “space-based tech” businesses.
Company profile
Ticker
SATX
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
981599901
Latest filings (excl ownership)
15-12G
Securities registration termination
8 Nov 22
8-K
First Day of Trading on NYSE Expected to be October 28th under the Symbols SATX and SATX WSA
27 Oct 22
25-NSE
Exchange delisting
27 Oct 22
25-NSE
Exchange delisting
27 Oct 22
25-NSE
Exchange delisting
27 Oct 22
8-K
Submission of Matters to a Vote of Security Holders
25 Oct 22
425
Business combination disclosure
24 Oct 22
8-K
Entry into a Material Definitive Agreement
24 Oct 22
425
Business combination disclosure
18 Oct 22
425
Business combination disclosure
17 Oct 22
Latest ownership filings
3
Initial statement of insider ownership
3 Nov 22
4
Chandra R Patel
31 Oct 22
4
Romeo A Reyes
31 Oct 22
4
Michael E Leitner
31 Oct 22
4
Henry Edward Dubois
31 Oct 22
4
Gary Begeman
31 Oct 22
SC 13G
RIVERNORTH CAPITAL MANAGEMENT, LLC
14 Feb 22
SC 13G
Endurance Antarctica Partners, LLC
14 Feb 22
SC 13G
ARISTEIA CAPITAL LLC
14 Feb 22
SC 13G/A
CITADEL ADVISORS LLC
14 Feb 22
Financial summary
| Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 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) | 49.25 k | 49.25 k | 49.25 k | 49.25 k | 49.25 k | 49.25 k |
| Cash burn (monthly) | 54.34 k | 51.53 k | 430.19 k | 411.15 k | 792.86 k | 555.85 k |
| Cash used (since last report) | 391.53 k | 371.29 k | 3.10 mm | 2.96 mm | 5.71 mm | 4.01 mm |
| Cash remaining | -342.28 k | -322.04 k | -3.05 mm | -2.91 mm | -5.66 mm | -3.96 mm |
| Runway (months of cash) | -6.3 | -6.3 | -7.1 | -7.1 | -7.1 | -7.1 |
Institutional ownership, Q3 2022
| 13F holders | Current |
|---|---|
| Total holders | 33 |
| Opened positions | 18 |
| Closed positions | 9 |
| Increased positions | 11 |
| Reduced positions | 1 |
| 13F shares | Current |
|---|---|
| Total value | 9.40 bn |
| Total shares | 21.45 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Endurance Antarctica Partners | 3.57 mm | $0.00 |
| Aristeia Capital | 1.98 mm | $19.84 mm |
| Polar Asset Management Partners | 1.98 mm | $19.84 mm |
| Radcliffe Capital Management | 1.50 mm | $15.03 mm |
| Shaolin Capital Management | 1.43 mm | $14.34 mm |
| MMCAP International Inc. SPC | 1.21 mm | $12.09 mm |
| Citadel Advisors | 1.08 mm | $10.83 mm |
| Hudson Bay Capital Management | 1.00 mm | $10.04 mm |
| Castle Creek Arbitrage | 980.00 k | $9.82 mm |
| Ubs Oconnor | 919.14 k | $9.23 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 27 Oct 22 | Gary Begeman | Class A Ordinary Shares | Sale back to company | Dispose D | No | No | 0 | 35,000 | 0.00 | 0 |
| 27 Oct 22 | Gary Begeman | Class A Ordinary Shares | Option exercise | Acquire M | No | No | 0 | 35,000 | 0.00 | 35,000 |
| 27 Oct 22 | Gary Begeman | Class B Ordinary Shares Class A Ordinary Shares | Option exercise | Dispose M | No | No | 0 | 35,000 | 0.00 | 0 |
| 27 Oct 22 | Michael E Leitner | Class A Ordinary Shares | Sale back to company | Dispose D | No | No | 0 | 35,000 | 0.00 | 0 |
| 27 Oct 22 | Michael E Leitner | Class A Ordinary Shares | Option exercise | Acquire M | No | No | 0 | 35,000 | 0.00 | 35,000 |
| 27 Oct 22 | Michael E Leitner | Class B Ordinary Shares Class A Ordinary Shares | Option exercise | Dispose M | No | No | 0 | 35,000 | 0.00 | 0 |
| 27 Oct 22 | Henry Edward Dubois | Class A Ordinary Shares | Sale back to company | Dispose D | No | No | 0 | 35,000 | 0.00 | 0 |
| 27 Oct 22 | Henry Edward Dubois | Class A Ordinary Shares | Option exercise | Acquire M | No | No | 0 | 35,000 | 0.00 | 35,000 |
| 27 Oct 22 | Henry Edward Dubois | Class B Ordinary Shares Class A Ordinary Shares | Option exercise | Dispose M | No | No | 0 | 35,000 | 0.00 | 0 |
| 27 Oct 22 | Endurance Antarctica Partners | Class A Ordinary Shares | Sale back to company | Dispose D | No | No | 0 | 2,770,000 | 0.00 | 0 |