Atlantic Coastal Acquisition Corp. II (NASDAQ: ACAB) is a special purpose acquisition company. On January 18, 2022, Atlantic Coastal announced the closing of its IPO and listing on Nasdaq. The Atlantic Coastal team is led by Chairman and CEO Shahraab Ahmad, President and Director Burt Jordan, and CSO Director Tony Eisenberg. For more information, please visit www.atlantic-coastal.com.
Company profile
Ticker
ACAB, ACABU
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
871013956
ACAB stock data
Latest filings (excl ownership)
DEF 14A
Definitive proxy
1 Dec 23
NT 10-Q
Notice of late quarterly filing
14 Nov 23
8-K
Departure of Directors or Certain Officers
7 Nov 23
PRE 14A
Preliminary proxy
3 Nov 23
8-K
Atlantic Coastal Acquisition Corp. II Announces Extension of Business Combination Period and Additional Contribution to Trust Account
18 Oct 23
425
Business combination disclosure
21 Sep 23
8-K
Abpro to Become Publicly Traded via Merger with Atlantic Coastal Acquisition Corp. II
21 Sep 23
10-Q
2023 Q2
Quarterly report
22 Aug 23
NT 10-Q
Notice of late quarterly filing
14 Aug 23
10-Q
2023 Q1
Quarterly report
22 May 23
Latest ownership filings
3
Curtis Collar
8 Nov 23
4
Iqbaljit Kahlon
8 Nov 23
4
Shahraab Ahmad
8 Nov 23
SC 13D
Atlantic Coastal Acquisition Management II LLC
20 Apr 23
4
Joanna Lord
19 Apr 23
4
Iqbaljit Kahlon
19 Apr 23
4
Shahraab Ahmad
19 Apr 23
4
Dominick Schiano
19 Apr 23
4
Darren Stanwood
19 Apr 23
4
Bryan Dove
19 Apr 23
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 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) | 2.23 mm | 2.23 mm | 2.23 mm | 2.23 mm | 2.23 mm | |
| Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 11.76 k | |
| Cash used (since last report) | n/a | n/a | n/a | n/a | 62.51 k | |
| Cash remaining | n/a | n/a | n/a | n/a | 2.17 mm | |
| Runway (months of cash) | n/a | n/a | n/a | n/a | 184.1 | |
Institutional ownership, Q3 2023
| 13F holders | Current |
|---|---|
| Total holders | 43 |
| Opened positions | 1 |
| Closed positions | 3 |
| Increased positions | 3 |
| Reduced positions | 5 |
| 13F shares | Current |
|---|---|
| Total value | 812.06 mm |
| Total shares | 17.53 mm |
| Total puts | 0.00 |
| Total calls | 954.62 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Atlantic Coastal Acquisition Management II | 7.20 mm | $76.25 mm |
| Saba Capital Management | 997.05 k | $74.78 mm |
| HGC Investment Management | 882.28 k | $61.76 mm |
| MMCAP International Inc. SPC | 675.00 k | $54.00 mm |
| CNH Partners | 652.96 k | $52.24 mm |
| Calamos Advisors | 625.00 k | $46.88 mm |
| Diametric Capital | 521.26 k | $39.09 mm |
| Linden Advisors | 500.00 k | $37.50 mm |
| Wolverine Asset Management | 475.59 k | $38.05 mm |
| Polar Asset Management Partners | 415.83 k | $33.27 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 7 Nov 23 | Shahraab Ahmad | Series A Common Stock, par value $0.0001 per share | Other | Dispose J | Yes | No | 0 | 50,000 | 0.00 | 7,199,999 |
| 6 Nov 23 | Iqbaljit Kahlon | Series A Common Stock, par value $0.0001 per share | Other | Dispose J | No | No | 0 | 50,000 | 0.00 | 0 |
| 6 Nov 23 | Shahraab Ahmad | Series A Common Stock, par value $0.0001 per share | Other | Acquire J | Yes | No | 0 | 50,000 | 0.00 | 7,249,999 |
| 18 Apr 23 | Joanna Lord | Series A Common Stock, par value $0.0001 per share | Option exercise | Acquire M | No | No | 0 | 50,000 | 0.00 | 50,000 |
| 18 Apr 23 | Joanna Lord | Series B Common Stock, par value $0.0001 per share Series A Common Stock, par value $0.0001 per share | Option exercise | Dispose M | No | No | 0 | 50,000 | 0.00 | 0 |
| 18 Apr 23 | Iqbaljit Kahlon | Series A Common Stock, par value $0.0001 per share | Option exercise | Acquire M | No | No | 0 | 50,000 | 0.00 | 50,000 |
| 18 Apr 23 | Iqbaljit Kahlon | Series B Common Stock, par value $0.0001 per share Series A Common Stock, par value $0.0001 per share | Option exercise | Dispose M | No | No | 0 | 50,000 | 0.00 | 0 |