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
15 Sep 23
8-K
Other Events
11 Sep 23
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
16 Aug 23
10-Q
2023 Q2
Quarterly report
14 Aug 23
8-K
Battery Future Acquisition Corp. Announces Extension of Deadline to Complete Business Combination
10 Aug 23
8-K
Entry into a Material Definitive Agreement
31 Jul 23
8-K
Entry into a Material Definitive Agreement
14 Jun 23
8-K
Battery Future Acquisition Corp. Announces Extension of Deadline to Complete Business Combination
12 Jun 23
DEF 14A
Definitive proxy
22 May 23
10-Q
2023 Q1
Quarterly report
12 May 23
Latest ownership filings
SC 13G
Radcliffe Capital Management, L.P.
13 Jun 23
SC 13G/A
Saba Capital Management, L.P.
14 Feb 23
SC 13G
Shaolin Capital Management LLC
14 Feb 23
SC 13G
Saba Capital Management, L.P.
25 Feb 22
SC 13G
Battery Future Sponsor LLC
1 Feb 22
3/A
Kristopher Salinger
14 Dec 21
3/A
Initial statement of insider ownership (amended)
14 Dec 21
3
Initial statement of insider ownership
14 Dec 21
3
Kristopher Salinger
14 Dec 21
3
Josh Payne
14 Dec 21
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
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| 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) | 128.31 k | 128.31 k | 128.31 k | 128.31 k | 128.31 k | 128.31 k |
| Cash burn (monthly) | (no burn) | 26.05 k | 507.31 k | 197.07 k | 95.58 k | 373.43 k |
| Cash used (since last report) | n/a | 76.87 k | 1.50 mm | 581.62 k | 282.07 k | 1.10 mm |
| Cash remaining | n/a | 51.45 k | -1.37 mm | -453.31 k | -153.76 k | -973.78 k |
| Runway (months of cash) | n/a | 2.0 | -2.7 | -2.3 | -1.6 | -2.6 |
Institutional ownership, Q2 2023
| 13F holders | Current |
|---|---|
| Total holders | 44 |
| Opened positions | 5 |
| Closed positions | 5 |
| Increased positions | 3 |
| Reduced positions | 5 |
| 13F shares | Current |
|---|---|
| Total value | 1.49 bn |
| Total shares | 19.20 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 |
| Periscope Capital | 1.51 mm | $134.96 mm |
| Cantor Fitzgerald, L. P. | 1.13 mm | $100.24 mm |
| Shaolin Capital Management | 1.10 mm | $98.00 k |
| Saba Capital Management | 850.00 k | $75.74 mm |
| Polar Asset Management Partners | 785.87 k | $70.02 mm |
| Adage Capital Partners GP, L.L.C. | 750.00 k | $66.83 mm |
| Calamos Advisors | 750.00 k | $66.83 mm |
| D. E. Shaw & Co. | 625.00 k | $55.69 mm |
| CNH Partners | 530.23 k | $47.24 mm |