Company Quick10K Filing
Schultze Special Purpose Acquisition
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 4 $37
10-Q 2019-10-28 Quarter: 2019-09-30
10-Q 2019-07-22 Quarter: 2019-06-30
10-Q 2019-05-07 Quarter: 2019-03-31
10-K 2019-02-28 Annual: 2018-12-31
S-1 2018-11-20 Public Filing
8-K 2020-01-02
8-K 2019-01-07 Other Events, Exhibits

Schultze Special Purpose Acquisition Financials

SAMA Metrics, Comps, Filings

Annual | Quarterly

Business

We are a blank check company formed pursuant to the laws of the State of Delaware on June 11, 2018 for the purpose of entering into a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities, which we refer to in this report as the initial business combination. While our efforts in identifying a prospective target business for our initial business combination are not limited to a particular industry or geographic region, we have initially focused our search on companies that have experienced and emerged from a financial restructuring, as described below.

In September 2018, our sponsor purchased 4,312,500 founders' shares for an aggregate purchase price of $25,000. Our sponsor subsequently transferred certain founders' shares to our independent directors at the same price originally paid for such shares. In December 2018, our sponsor forfeited 575,000 founders' shares. Following the expiration of the underwriters' over-allotment option on January 24, 2019, our sponsor forfeited 487,500 shares, so that our initial stockholders continue to own 20% of our issued and outstanding shares after our initial public offering.

The registration statement for our initial public offering was declared effective on December 10, 2018. On December 13, 2018, we consummated our initial public offering of 13,000,000 units at $10.00 per unit, generating gross proceeds of $130,000,000.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
CynergisTek (CTEK) 48,862 34% 1.7 40% 47,076 9,547 48,617 16,638 18,936 22,227 38,883
Black Ridge Acquisition (BRAC) 45,472 25.6 1% 142,145 1,006 0 0 1,208 1,772 45,437
Infrastructure & Energy Alternatives (IEA) 44,505 5% 7.2 0% 603,804 704,046 1,073,906 56,007 40 52,789 377,607
Gordon Pointe Acquisition (GPAQ) 41,590 19.4 1% 129,241 4,856 0 0 1,691 2,141 41,637
Alberton Acquisition (ALAC) 41,288 28.6 1% 116,874 4,325 0 0 1,437 1,437 41,122
Opes Acquisition (OPES) 39,144 20.8 1% 118,919 490 0 0 1,357 1,875 38,931
Kingold Jewelry (KGJI) 39,007 11% 0.3 1% 3,121,060 2,311,475 2,308,918 261,123 41,718 238,413 82,952
Schultze Special Purpose Acquisition (SAMA) 36,662 26.6 1% 132,448 362 0 0 1,070 1,349 35,913
TMSR Holding (TMSR) 33,959 18% 37.0 -2% 36,516 13,035 23,452 4,281 -690 883 32,623
Union Acquisition (LTN) 33,405 44.5 1% 118,322 113,322 0 0 742 742 33,068
Big Rock Partners Acquisition (BRPA) 29,442 59.3 1% 50,103 2,108 0 0 421 497 29,441
Tenzing Acquisition (TZACU) 26,364 28.2 1% 65,989 2,241 0 0 926 926 26,091
DD3 Acquisition (DDMXU) 21,774 92.2 0% 56,845 51,845 0 0 234 234 21,598
EdtechX Holdings Acquisition (EDTXU) 21,558 40.4 1% 65,695 1,603 0 0 354 524 21,171
Tottenham Acquisition I (TOTA) 20,513 94.9 0% 47,469 2,014 0 0 211 211 19,976
Greenland Acquisition (GLAC) 19,996 -133.1 -0% 45,227 1,290 0 0 -148 -148 19,651
HL Acquisitions (HCCH) 19,491 23.6 1% 56,342 51,342 0 0 825 825 19,475
Sito Mobile (SITO) 18,719 41% -1.4 -59% 24,817 18,288 42,496 17,264 -14,534 -13,843 20,002
Longevity Acquisition (LOAC) 17,935 -7,451.8 -0% 41,171 1,082 0 0 -2 -2 17,497
Bsquare (BSQR) 16,099 19% -0.7 -57% 24,967 13,132 62,809 11,863 -14,334 -13,519 9,166

Balance Sheet ($'000)2018-12-31
Cash922
Accounts Receivable
Inventory
PP&E
Assets131,172
Accounts Payable
Long-Term Debt
Liabilities126,172
Stockholders' Equity5,000
Income Statement ($'000)2018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax
Net Income
Cash Flow ($'000)2018-12-31
Cash Operating
Cash Investing
Cash Financing