battery future's mission is to produce the critical battery materials required to support the clean energy revolution. the company successfully listed on the nyse on december 15, 2021, raising us$345m in the initial public offering. battery future trades under the ticker bfac.u. the company is a blank check company whose business purpose is to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. the company plans to target assets or companies along the battery value chain from raw materials mining and processing to midstream refining and battery input manufacturing and recycling. the company has a uniquely qualified team comprised of mining and metals sector executives and bankers to execute on its strategy. the company is supported by heavyweight industry partners, global mining private equity firm pala investments and leading global commodities trader and financier, traxys.
Company profile
Ticker
BFAC, BFAC.UN
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
981618517
BFAC stock data
Latest filings (excl ownership)
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
3 Apr 24
10-K
2023 FY
Annual report
29 Mar 24
8-K
Departure of Directors or Certain Officers
13 Mar 24
8-K
Changes in Registrant's Certifying Accountant
27 Feb 24
8-K
Entry into a Material Definitive Agreement
18 Jan 24
8-K
Entry into a Material Definitive Agreement
21 Dec 23
8-K
Departure of Directors or Certain Officers
12 Dec 23
8-K
Entry into a Material Definitive Agreement
15 Nov 23
10-Q
2023 Q3
Quarterly report
13 Nov 23
8-K
Other Events
13 Nov 23
Latest ownership filings
SC 13G
RIVERNORTH CAPITAL MANAGEMENT, LLC
10 Apr 24
3
Wei Qian
13 Mar 24
3
Fanghan Sui
13 Mar 24
SC 13G
First Trust Capital Management L.P.
28 Feb 24
SC 13G
FIR TREE CAPITAL MANAGEMENT LP
14 Feb 24
SC 13G/A
Shaolin Capital Management LLC
14 Feb 24
SC 13G
MIZUHO FINANCIAL GROUP INC
13 Feb 24
SC 13G
PERISCOPE CAPITAL INC.
9 Feb 24
SC 13G
Polar Asset Management Partners Inc.
9 Feb 24
SC 13G/A
Saba Capital Management, L.P.
7 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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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) | 123.72 k | 123.72 k | 123.72 k | 123.72 k | 123.72 k | 123.72 k |
Cash burn (monthly) | 1.53 k | 19.30 k | 242.79 k | 238.18 k | (no burn) | 117.91 k |
Cash used (since last report) | 10.13 k | 127.85 k | 1.61 mm | 1.58 mm | n/a | 781.16 k |
Cash remaining | 113.59 k | -4.13 k | -1.48 mm | -1.45 mm | n/a | -657.44 k |
Runway (months of cash) | 74.3 | -0.2 | -6.1 | -6.1 | n/a | -5.6 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 61 |
Opened positions | 19 |
Closed positions | 2 |
Increased positions | 16 |
Reduced positions | 2 |
13F shares | Current |
---|---|
Total value | 117.92 bn |
Total shares | 32.52 mm |
Total puts | 0.00 |
Total calls | 653.48 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Battery Future Sponsor | 5.57 mm | $0.00 |
Cantor Fitzgerald, L. P. | 3.89 mm | $2.88 bn |
Periscope Capital | 1.91 mm | $4.52 bn |
Shaolin Capital Management | 1.17 mm | $667.00 k |
Polar Asset Management Partners | 1.16 mm | $4.11 bn |
Westchester Capital Management | 1.13 mm | $12.29 bn |
Saba Capital Management | 1.13 mm | $3.11 bn |
Vivaldi Asset Management | 1.03 mm | $11.24 bn |
Radcliffe Capital Management | 901.35 k | $6.93 bn |
Mizuho Securities Usa | 800.00 k | $8.60 bn |