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-WT, BFAC-UN, BFAC
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
981618517
BFAC-WT stock data
Latest filings (excl ownership)
10-Q
2024 Q2
Quarterly report
14 Aug 24
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
25 Jun 24
8-K
Entry into a Material Definitive Agreement
3 Jun 24
8-K
Other Events
24 May 24
8-K
Entry into a Material Definitive Agreement
21 May 24
8-K
Entry into a Material Definitive Agreement
17 May 24
8-K
Entry into a Material Definitive Agreement
16 May 24
10-Q
2024 Q1
Quarterly report
15 May 24
8-K
Classover Announces Merger with Battery Future Acqusition Corp. to Become Publicly Listed
15 May 24
Latest ownership filings
SC 13G/A
Radcliffe Capital Management, L.P.
28 Jun 24
4
Change in insider ownership
17 May 24
SC 13D/A
Camel Bay, LLC
17 May 24
SC 13G
Harraden Circle Investments, LLC
15 May 24
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
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | 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) | 15.21 k | 15.21 k | 15.21 k | 15.21 k | 15.21 k | 15.21 k |
Cash burn (monthly) | 5.91 k | 9.43 k | 64.46 k | 147.47 k | 71.44 k | 77.98 k |
Cash used (since last report) | 22.44 k | 35.78 k | 244.69 k | 559.79 k | 271.16 k | 296.01 k |
Cash remaining | -7.23 k | -20.56 k | -229.47 k | -544.57 k | -255.94 k | -280.80 k |
Runway (months of cash) | -1.2 | -2.2 | -3.6 | -3.7 | -3.6 | -3.6 |
Institutional ownership, Q2 2024
13F holders | Current |
---|---|
Total holders | 24 |
Opened positions | 20 |
Closed positions | 2 |
Increased positions | 0 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 40.31 bn |
Total shares | 17.12 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Camel Bay | 7.20 mm | $79.27 mm |
Battery Future Sponsor | 5.57 mm | $0.00 |
Polar Asset Management Partners | 500.00 k | $5.52 bn |
Rivernorth Capital Management | 500.00 k | $5.52 bn |
Harraden Circle Investments | 450.00 k | $5.01 mm |
Shaolin Capital Management | 364.50 k | $4.02 bn |
Hudson Bay Capital Management | 350.00 k | $3.86 bn |
Vivaldi Asset Management | 331.48 k | $3.66 bn |
Cantor Fitzgerald, L. P. | 300.00 k | $3.31 bn |
Kepos Capital | 250.00 k | $2.77 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 May 24 | Camel Bay | Class A ordinary shares | Conversion | Acquire C | No | No | 0 | 2,000,000 | 0.00 | 2,000,000 |
16 May 24 | Camel Bay | Class B ordinary shares Class A ordinary shares | Conversion | Dispose C | No | No | 0 | 2,000,000 | 0.00 | 2,193,695 |