Monterey Capital Acquisition (MCAC)

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)	214.62 k	214.62 k	214.62 k	214.62 k	214.62 k	214.62 k
Cash burn (monthly)	(no burn)	268.25	1.65 mm	774.79 k	92.14 k	79.05 k
Cash used (since last report)	n/a	791.41	4.87 mm	2.29 mm	271.85 k	233.22 k
Cash remaining	n/a	213.83 k	-4.65 mm	-2.07 mm	-57.23 k	-18.60 k
Runway (months of cash)	n/a	797.1	-2.8	-2.7	-0.6	-0.2

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2023

MCAC institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	47	36	+30.6%
Opened positions	14	5	+180.0%
Closed positions	3	9	-66.7%
Increased positions	22	5	+340.0%
Reduced positions	3	17	-82.4%

13F shares	Current	Prev Q	Change
Total value	105.41 bn	79.52 bn	+32.6%
Total shares	26.70 mm	11.76 mm	+127.0%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Polar Asset Management Partners	2.68 mm	$9.46 bn	+200.0%
Highbridge Capital Management	2.63 mm	$263.50 mm	NEW
Yakira Capital Management	2.37 mm	$8.38 bn	+200.0%
Boothbay Fund Management	1.78 mm	$12.48 bn	+200.0%
Atw Spac Management	1.78 mm	$6.30 bn	+125.0%
Context Capital Management	1.63 mm	$547.00 k	+200.0%
Monterey Acquisition Sponsor	1.63 mm	$0.00	0.0%
Periscope Capital	1.59 mm	$8.33 bn	+114.6%
Mangrove Partners	1.28 mm	$13.38 bn	NEW
CNH Partners	876.26 k	$3.08 bn	+200.4%

Largest transactions	Shares	Bought/sold	Change
Highbridge Capital Management	2.63 mm	+2.63 mm	NEW
Polar Asset Management Partners	2.68 mm	+1.78 mm	+200.0%
Yakira Capital Management	2.37 mm	+1.58 mm	+200.0%
Mangrove Partners	1.28 mm	+1.28 mm	NEW
Boothbay Fund Management	1.78 mm	+1.19 mm	+200.0%
Context Capital Management	1.63 mm	+1.08 mm	+200.0%
Atw Spac Management	1.78 mm	+990.00 k	+125.0%
Periscope Capital	1.59 mm	+848.67 k	+114.6%
Meteora Capital	654.07 k	+654.07 k	NEW
CNH Partners	876.26 k	+584.59 k	+200.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Press releases

From Benzinga Pro

Monterey Capital Acquisition Corporation Announces Contribution to Trust Account in Anticipation of Proposed Business Combination with ConnectM

17 Aug 23

MONTEREY, CA / ACCESSWIRE / August 17, 2023 / Monterey Capital Acquisition Corporation ("MCAC") (NASDAQ:MCAC) (the "Company"), a blank check company formed for the purpose of effecting a business