Company Quick10K Filing
Trident Acquisitions
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 7 $74
10-Q 2019-11-18 Quarter: 2019-09-30
10-Q 2019-08-14 Quarter: 2019-06-30
10-Q 2019-05-15 Quarter: 2019-03-31
10-K 2019-03-27 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-13 Quarter: 2018-06-30
S-1 2018-03-14 Public Filing
8-K 2019-11-26 Enter Agreement, Amend Bylaw, Shareholder Vote, Exhibits
8-K 2018-06-05 Other Events, Exhibits
8-K 2018-05-29 Enter Agreement, Sale of Shares, Exhibits

Trident Acquisitions Financials

TDAC Metrics, Comps, Filings

Annual | Quarterly

Business

We are a blank check company formed under the laws of the State of Delaware on March 17, 2016. We were formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination, with one or more target businesses. To date, our efforts have been limited to organizational activities, completing our initial public offering and searching for a target business to acquire. Our efforts to identify a prospective target business will not be limited to any particular industry or geographic region, although we intend to focus our search on target businesses operating in oil and gas or other natural resources companies in Eastern Europe or interested in expanding into Eastern Europe. We have not selected any target business for our initial business combination.

As Europe is striving to achieve energy independence, we believe that Eastern European oil and gas deposits, which are small and technically difficult to access, will attract the interest of investors and governments. We believe that historical exploration data can be reassessed with new geological knowledge to determine which reserves that were previously considered unrecoverable or uneconomic can be profitably recovered.

On June 1, 2018, we consummated our initial public offering of 17,500,000 Units, with each Unit consisting of one share of common stock and one warrant (the “Initial Public Offering”). On June 5, 2018, we sold an additional 2,625,000 Units pursuant to the underwriters fully exercising their over-allotment option. Each warrant entitles the holder to purchase one share common stock at a price of $11.50 per share. Each warrant will become exercisable on the later of 30 days after the completion of our initial business combination (the “Business Combination”) or 12 months from the closing of the Initial Public Offering. The warrants will expire five years after the completion of our initial Business Combination or earlier upon redemption or liquidation. Once the warrants issued in connection with the Initial Public Offering become exercisable, we may redeem those outstanding warrants in whole and not in part at a price of $0.01 per warrant upon a minimum of 30 days' prior written notice of redemption, but if, and only if, the last sale price of our common stock equals or exceeds $16.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which we send the notice of redemption to the warrant holders. The Units in the Initial Public Offering were sold at an offering price of $10.00 per Unit, generating total gross proceeds of $201,250,000.


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
Pensare Acquisition (WRLS) 94,829 61.4 2% 63,574 58,574 0 0 1,477 1,541 94,611
Haymaker Acquisition (HYAC) 94,655 41.5 0% 336,985 17,061 0 0 1,258 2,275 94,434
ServiceSource (SREV) 91,266 30% -91.1 -10% 158,684 65,834 226,513 68,182 -16,100 -695 63,320
Thunder Bridge Acquisition (TBRG) 83,333 32.0 1% 266,494 11,932 0 0 2,607 2,607 83,329
AgroFresh (AGFS) 74,401 74% 22.0 -4% 866,788 525,354 182,138 134,491 -33,300 20,393 448,194
PFSweb (PFSW) 73,772 26% 5.7 0% 189,664 144,055 311,347 79,450 465 16,384 93,584
Trident Acquisitions (TDAC) 73,620 19.4 1% 210,701 5,995 0 0 2,933 3,752 72,883
DFB Healthcare Acquisitions (DFBH) 72,725 29.2 1% 255,866 10,158 0 0 1,334 2,457 71,847
Forum Merger II (FMCIU) 71,467 20.8 1% 205,121 7,553 0 0 2,527 3,360 69,965
TKK Symphony Acquisition (TKKS) 69,776 17.1 2% 255,297 250,297 0 0 4,063 4,063 69,635
Leisure Acquisition (LACQ) 61,917 17.7 1% 206,357 7,770 0 0 2,496 3,417 60,515
Tiberius Acquisition (TIBR) 58,038 16.1 1% 178,283 9,227 0 0 2,515 3,592 57,994
ALJ Regional (ALJJ) 57,812 22% 5.2 -2% 233,736 148,177 356,062 79,521 -4,851 29,921 154,725
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

Balance Sheet ($'000)2018-12-31
Cash1,256
Accounts Receivable
Inventory
PP&E
Assets209,074
Accounts Payable
Long-Term Debt
Liabilities5,990
Stockholders' Equity5,000
Income Statement ($'000)2018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax375
Net Income1,404
Cash Flow ($'000)2018-12-31
Cash Operating-604
Cash Investing-205,275
Cash Financing206,991