Company Quick10K Filing
Spartan Energy Acquisition
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 28 $276
10-K 2020-03-12 Annual: 2019-12-31
10-Q 2019-11-12 Quarter: 2019-09-30
10-Q 2019-08-13 Quarter: 2019-06-30
10-Q 2019-05-09 Quarter: 2019-03-31
10-K 2019-03-22 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
S-1 2018-07-20 Public Filing
8-K 2020-02-20
8-K 2019-07-30 Officers, Exhibits
8-K 2018-09-28 Regulation FD, Exhibits
8-K 2018-08-14 Other Events, Exhibits
8-K 2018-08-09 Sale of Shares, Officers, Amend Bylaw, Regulation FD, Other Events, Exhibits

Spartan Energy Acquisition Financials

SPAQ Metrics, Comps, Filings

Annual | Quarterly

Business

We are a blank check company incorporated on October 13, 2017 as a Delaware corporation and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. We have reviewed, and continue to review, a number of opportunities to enter into an initial business combination with an operating business, but we are not able to determine at this time whether we will complete an initial business combination with any of the target businesses that we have reviewed or with any other target business.

In October 2017, the Sponsor purchased 14,375,000 shares of the Company's Class B common stock (the “Founder Shares”) for $25,000, or approximately $0.002 per share. In July 2018, the Sponsor surrendered 2,875,000 shares of its Class B common stock for no consideration. In August 2018, the Company effected a stock dividend with respect to the Class B common stock of 2,300,000 shares thereof, resulting in the Sponsor holding an aggregate of 13,800,000 shares of Class B common stock. In August 2018, prior to the Public Offering, the Sponsor transferred 150,000 Founder Shares to each of the Company's two independent directors at their original purchase price. The holders of our Founder Shares prior to our Public Offering are referred to herein as our “initial stockholders.”

On the Closing Date, we consummated the Public Offering of 55,200,000 units (the “Units”), including 7,200,000 Units that were issued pursuant to the underwriters' full exercise of their over-allotment option. The Units were sold at a price of $10.00 per unit, generating gross proceeds to us of $552,000,000. Each Unit consists of one share of our Class A common stock and one-third of one warrant. Each whole warrant (a “public warrant”) entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50 per share, subject to adjustment, and only whole warrants are exercisable. The public warrants will become exercisable on the later of 30 days after the completion of our initial business combination and 12 months from the closing of the Public Offering, and will expire five years after the completion of our initial business combination or earlier upon redemption or liquidation.


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
3PEA (TPNL) 184,808 47% 46.8 9% 29,128 21,489 21,846 10,208 2,483 3,417 160,072
Rimini Street (RMNI) 345,611 63% 12.7 16% 121,332 251,411 270,875 171,953 19,992 23,921 303,450
Comscore (SCOR) 123,888 49% -0.2 -48% 711,829 446,609 402,792 198,007 -344,810 -315,162 65,398
Limelight Networks (LLNW) 354,231 40% -18.6 -11% 208,397 50,473 184,497 73,197 -23,695 -18,259 339,399
Exela Technologies (XELA) 179,332 23% -15.9 -15% 1,541,507 1,914,818 1,570,606 367,614 -227,388 -98,596 1,568,927
VectoIQ Acquisition (VTIQ) 295,807 71.7 1% 238,494 443 0 0 2,458 4,114 294,929
I3 Verticals (IIIV) 214,750 28% 19.6 -0% 349,302 206,861 376,307 106,866 -274 17,870 350,848
Gravity (GRVY) 291,854 0% 173,174,000 97,622,000 0 0 0 0 291,854
Spartan Energy Acquisition (SPAQ) 280,376 31.7 1% 564,026 19,715 0 0 6,781 8,835 279,668
China Customer Relations Centers (CCRC) 243,967 0% 71,208 17,890 0 0 0 0 219,547
Graf Industrial (GRAF) 243,034 129,512.1 -3% 248,934 243,934 0 0 -7,631 -6,731 -871,756,966
ChaSerg Technology Acquisition (CTAC) 223,300 89.3 1% 223,955 7,974 0 0 1,763 2,495 222,942
OptimizeRx (OPRX) 215,301 64% -450.5 -2% 48,554 7,418 17,218 10,967 -1,158 -412 185,541
Social Capital Hedosophia (IPOA) 199,066 23.0 1% 701,280 24,983 0 0 8,634 8,634 198,261
InnerWorkings (INWK) 219,145 23% -10.1 -5% 680,067 499,612 1,132,012 258,550 -35,056 -17,868 180,657
DHI Group (DHX) 216,728 67% 9.6 5% 258,680 105,395 149,642 99,664 11,976 22,814 219,672
Modern Media Acquisition (MMDM) 200,468 168.6 2% 14,596 9,551 0 0 342 1,189 200,459
Liquidity Services (LQDT) 272,866 50% 36.4 0% 187,283 71,108 226,525 113,280 0 6,489 236,369
Collectors Universe (CLCT) 272,038 59% 13.5 23% 49,420 28,166 75,168 44,116 11,459 18,783 252,988
MoneyGram (MGI) 333,868 36% -8.2 -1% 4,238,000 4,487,000 1,309,600 469,300 -60,900 44,100 -360,332

Balance Sheet ($'000)2018-12-31
Cash1,532
Accounts Receivable
Inventory
PP&E
Assets557,476
Accounts Payable
Long-Term Debt
Liabilities19,946
Stockholders' Equity5,000
Income Statement ($'000)2018-12-31
Revenue0
Cost of Revenue
Gross Profit
R&D
SG&A811
Tax878
Net Income2,653
Cash Flow ($'000)2018-12-31
Cash Operating-1,349
Cash Investing-551,320
Cash Financing554,176