Capitalworks Emerging Markets Acquisition Corp. (“CEMAC”) is a blank check company, incorporated as a Cayman Islands exempted company 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”). While the Company may pursue an acquisition opportunity in any industry or geographic region, it intends to focus on high-growth companies operating in select emerging markets, with the ability to replicate their business models sustainably across other emerging markets or translate their products, services, or technologies to developed markets. CEMAC’s lead sponsor is an affiliate of Capitalworks, a leading independent alternative asset management firm with a successful 15-year track record of investing in emerging markets companies across several investment verticals. Capitalworks currently manages seven alternative investment strategies, all focused on emerging markets. CEMAC is also supported by Camber Base, LLC, an affiliate of the Brown University endowment.
Company profile
Ticker
CMCA, CMCAU, CMCAW
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
CMCA stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
25 Apr 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
24 Apr 24
8-K
Entry into a Material Definitive Agreement
22 Mar 24
8-K
Amendments to Articles of Incorporation or Bylaws
6 Mar 24
UPLOAD
Letter from SEC
29 Feb 24
DEFA14A
Additional proxy soliciting materials
28 Feb 24
8-K
Entry into a Material Definitive Agreement
28 Feb 24
DEFA14A
Additional proxy soliciting materials
27 Feb 24
8-K
Departure of Directors or Certain Officers
27 Feb 24
10-Q
2024 Q3
Quarterly report
20 Feb 24
Latest ownership filings
SC 13G/A
BANK OF NOVA SCOTIA
13 Feb 24
SC 13G/A
Saba Capital Management, L.P.
7 Feb 24
SC 13G/A
Weiss Asset Management LP
26 Jan 24
SC 13G/A
HIGHBRIDGE CAPITAL MANAGEMENT LLC
19 Jan 24
SC 13G
BANK OF NOVA SCOTIA
26 Dec 23
SC 13G/A
CEMAC Sponsor LP
6 Jun 23
4
Change in insider ownership
25 May 23
SC 13G/A
Saba Capital Management, L.P.
14 Feb 23
SC 13G
Polar Asset Management Partners Inc.
10 Feb 23
SC 13G/A
Weiss Asset Management LP
10 Feb 23
Financial summary
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Diluted EPS |
Annual (USD) | Mar 23 | Mar 22 | |
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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) | 102.63 k | 102.63 k | 102.63 k | 102.63 k | 102.63 k | 102.63 k |
Cash burn (monthly) | (no burn) | 26.91 k | 108.64 k | 192.13 k | (no burn) | 289.63 k |
Cash used (since last report) | n/a | 185.86 k | 750.27 k | 1.33 mm | n/a | 2.00 mm |
Cash remaining | n/a | -83.23 k | -647.64 k | -1.22 mm | n/a | -1.90 mm |
Runway (months of cash) | n/a | -3.1 | -6.0 | -6.4 | n/a | -6.6 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 53 |
Opened positions | 13 |
Closed positions | 1 |
Increased positions | 5 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 41.98 bn |
Total shares | 17.93 mm |
Total puts | 0.00 |
Total calls | 659.00 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
CEMAC Sponsor | 5.75 mm | $0.00 |
Saba Capital Management | 989.11 k | $27.20 mm |
Polar Asset Management Partners | 914.17 k | $25.14 mm |
Radcliffe Capital Management | 759.97 k | $4.33 bn |
Shaolin Capital Management | 645.72 k | $4.32 mm |
CNH Partners | 574.71 k | $4.33 bn |
WRB W.R. Berkley | 485.90 k | $5.25 bn |
Cowen And | 451.03 k | $2.57 bn |
Fir Tree Capital Management | 400.00 k | $4.32 bn |
Arena Investors | 400.00 k | $4.32 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
23 May 23 | CEMAC Sponsor | Class A Ordinary Shares | Conversion | Acquire C | No | No | 0 | 5,749,999 | 0.00 | 5,749,999 |
23 May 23 | CEMAC Sponsor | Class B Ordinary Shares Class A Ordinary Shares | Conversion | Dispose C | No | No | 0 | 5,749,999 | 0.00 | 1 |