Seaport Global Acquisition II Corp. (the “Company”) is a blank check company incorporated in Delaware on June 21, 2021. The Company was formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses (the “Business Combination”). The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.
Company profile
Ticker
SGII, SGIIU, SGIIW
Exchange
Website
Employees
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
871326052
SGII stock data
Latest filings (excl ownership)
25-NSE
Exchange delisting
1 Dec 23
RW
Registration withdrawal request
22 Nov 23
8-K
Seaport Global Acquisition II Corp Announces Termination of Merger Agreement with American Battery Materials, Inc. and Redemption of Public Shares
21 Nov 23
425
Business combination disclosure
15 Nov 23
10-Q
2023 Q3
Quarterly report
13 Nov 23
425
Business combination disclosure
8 Nov 23
425
Business combination disclosure
4 Oct 23
8-K
1 INVESTOR PRESENTATION | October 2023 Extracting American Lithium DLE DIRECT LITHIUM EXTRACTION
4 Oct 23
425
Business combination disclosure
28 Sep 23
425
Business combination disclosure
26 Sep 23
Latest ownership filings
SC 13D
Seaport Global SPAC II, LLC
24 Feb 23
3
Initial statement of insider ownership
24 Feb 23
4
Stephen C Smith
16 Feb 23
4
Change in insider ownership
16 Feb 23
SC 13G
First Trust Capital Management L.P.
14 Feb 23
SC 13G/A
Saba Capital Management, L.P.
14 Feb 23
SC 13G
Shaolin Capital Management LLC
14 Feb 23
SC 13G/A
Beryl Capital Management LLC
13 Feb 23
SC 13G
Polar Asset Management Partners Inc.
13 Feb 23
SC 13G
HIGHBRIDGE CAPITAL MANAGEMENT LLC
2 Feb 23
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 | |
|---|---|---|---|
| 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) | 31.49 k | 31.49 k | 31.49 k | 31.49 k | 31.49 k | 31.49 k |
| Cash burn (monthly) | 30.32 k | 32.36 k | 321.33 k | 103.80 k | 179.68 k | 188.14 k |
| Cash used (since last report) | 71.67 k | 76.49 k | 759.48 k | 245.34 k | 424.69 k | 444.67 k |
| Cash remaining | -40.17 k | -44.99 k | -727.99 k | -213.85 k | -393.19 k | -413.17 k |
| Runway (months of cash) | -1.3 | -1.4 | -2.3 | -2.1 | -2.2 | -2.2 |
Institutional ownership, Q2 2023
| 13F holders | Current |
|---|---|
| Total holders | 46 |
| Opened positions | 9 |
| Closed positions | 7 |
| Increased positions | 8 |
| Reduced positions | 10 |
| 13F shares | Current |
|---|---|
| Total value | 40.31 bn |
| Total shares | 10.63 mm |
| Total puts | 0.00 |
| Total calls | 18.75 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Seaport Global SPAC II | 3.39 mm | $34.82 mm |
| Polar Asset Management Partners | 839.10 k | $5.22 bn |
| Periscope Capital | 833.00 k | $6.58 bn |
| Adage Capital Partners GP, L.L.C. | 500.00 k | $42.50 mm |
| Kepos Capital | 445.00 k | $38.00 k |
| Castle Creek Arbitrage | 398.30 k | $1.58 bn |
| Owl Creek Asset Management | 365.00 k | $3.13 bn |
| Radcliffe Capital Management | 362.50 k | $2.61 bn |
| CNH Partners | 329.61 k | $2.07 bn |
| Fir Tree Capital Management | 300.00 k | $3.13 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 16 Feb 23 | Stephen C Smith | Class A common stock, $0.0001 par value | Conversion | Acquire C | Yes | No | 0 | 3,393,750 | 0.00 | 3,393,750 |
| 16 Feb 23 | Stephen C Smith | Class B Common Stock Class A Common Stock | Conversion | Dispose C | Yes | No | 0 | 3,393,750 | 0.00 | 0 |
| 16 Feb 23 | Seaport Global SPAC II | Class A common stock, $0.0001 par value | Conversion | Acquire C | No | No | 0 | 3,393,750 | 0.00 | 3,393,750 |
| 16 Feb 23 | Seaport Global SPAC II | Class B Common Stock Class A Common Stock | Conversion | Dispose C | No | No | 0 | 3,393,750 | 0.00 | 0 |
| 14 Feb 23 | Stephen C Smith | Class B Common Stock Class A Common Stock | Gift | Dispose G | Yes | No | 0 | 200,000 | 0.00 | 3,393,750 |
| 14 Feb 23 | Seaport Global SPAC II | Class B Common Stock Class A Common Stock | Gift | Dispose G | No | No | 0 | 200,000 | 0.00 | 3,393,750 |
Press releases
Seaport Global Acquisition II Corp Announces Final Value for Redemption of Public Shares
1 Dec 23
Seaport Global Acquisition II Corp Announces Termination of Merger Agreement with American Battery Materials, Inc. and Redemption of Public Shares
20 Nov 23
American Battery Materials Issues Clarification on Status of Reverse Stock Split
15 Nov 23
American Battery Materials Announces Term Sheet for Joint Venture and Stock Purchase with Xantippe Resources
7 Nov 23
American Battery Materials (OTCMKTS:BLTH) Looks Well Positioned To Become America's Top Domestic Lithium Supplier
29 Sep 23