Company Quick10K Filing
Pensare Acquisition
S-1 2020-04-29 Public Filing
10-Q 2019-12-31 Filed 2020-02-10
10-Q 2019-09-30 Filed 2019-11-18
10-Q 2019-06-30 Filed 2019-08-14
10-K 2019-03-31 Filed 2019-06-14
10-Q 2018-12-31 Filed 2019-02-14
10-Q 2018-09-30 Filed 2018-11-14
10-Q 2018-06-30 Filed 2018-08-15
10-K 2018-03-31 Filed 2018-06-28
10-Q 2017-12-31 Filed 2018-02-14
10-Q 2017-09-30 Filed 2017-11-15
10-Q 2017-06-30 Filed 2017-09-11
8-K 2020-05-08 Officers, Exhibits
8-K 2020-05-04 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-04-29 Regulation FD, Exhibits
8-K 2020-04-07 Enter Agreement, M&A, Off-BS Arrangement, Sale of Shares, Shareholder Rights, Control, Officers, Shell Status, Exhibits
8-K 2020-04-01
8-K 2020-03-10
8-K 2020-02-27 Shareholder Vote
8-K 2019-11-26 Shareholder Vote, Other Events, Exhibits
8-K 2019-09-23
8-K 2019-09-11
8-K 2019-07-31 Shareholder Vote, Exhibits
8-K 2019-07-30 Other Events
8-K 2019-07-30 Other Events, Exhibits
8-K 2019-07-24 Officers, Regulation FD, Other Events, Exhibits
8-K 2019-07-24 Enter Agreement, Exhibits
8-K 2019-06-14 Other Events
8-K 2019-05-31 Other Events, Exhibits
8-K 2019-05-20 Leave Agreement, Other Events, Exhibits
8-K 2019-04-30 Shareholder Vote, Exhibits
8-K 2019-04-26 Other Events
8-K 2019-04-24 Other Events, Exhibits
8-K 2019-04-22 Other Events, Exhibits
8-K 2019-02-28 Regulation FD, Other Events, Exhibits
8-K 2019-02-11 Regulation FD, Other Events, Exhibits
8-K 2019-02-01 Enter Agreement, Amend Bylaw, Shareholder Vote, Regulation FD, Exhibits
8-K 2019-02-01 Regulation FD, Exhibits
8-K 2019-01-16 Other Events, Exhibits

Pensare Acquisition Financials

WRLS Metrics, Comps, Filings

Quarterly | Annual

Business

We are a blank check company formed pursuant to the laws of the State of Delaware on April 7, 2016 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 identifying a prospective target business in the wireless telecommunications industry in the United States, as described below. As previously disclosed in our current report on Form 8-K filed with the SEC on February 1, 2019, we entered into a Business Combination Agreement (the “Agreement”) on January 31, 2019 with U.S. TelePacific Holdings Corp., d/b/a TPx Communications (“TPx”) and Tango Merger Sub Corp. (“Merger Sub”), a wholly-owned subsidiary of the Company, relating to the proposed business combination between the Company and TPx. On May 20, 2019, we mutually agreed with TPx to terminate the Agreement pursuant to a Termination of Business Combination Agreement dated as of May 20, 2019, effective as of such date. As a result of the termination of the Agreement, effective as of May 20, 2019, the Agreement is of no further force or effect, and no party to the Agreement shall have any liability under the Agreement except as otherwise expressly set forth in the Agreement. We intend to continue to pursue a business combination.

On January 28, 2019, at the Special Meeting in lieu of the 2019 Annual Meeting of the Company's Stockholders, our stockholders approved an amendment to our amended and restated certificate of incorporation to extend the date by which the Company has to consummate a business combination for an additional three months, from February 1, 2019 to May 1, 2019. The amendment was approved with 26,352,896 votes cast in favor of the amendment, 122,986 votes cast against the amendment and 323,175 abstentions. In connection with the special meeting and the resulting amendment to our amended and restated certificate of incorporation, 2,796,290 shares of our common stock were redeemed from funds available in the trust account established in connection with the Company's initial public offering (the “Trust Account”), for a redemption amount of approximately $10.18 per share.

On April 22, 2019, we announced that our sponsor, had agreed to contribute to us as a loan $0.033 for each share of our common stock issued in our initial public offering that was not redeemed in connection with the stockholder vote to approve an amendment to our amended and restated certificate of incorporation to extend the date by which we have to consummate a business combination for an additional three months, from May 1, 2019 to August 1, 2019. On April 29, 2019, at the Special Meeting of the Company's Stockholders, our stockholders approved an amendment to our amended and restated certificate of incorporation to extend the date by which the Company has to consummate a business combination for an additional three months, from May 1, 2019 to August 1, 2019. The amendment was approved with 26,163,835 votes cast in favor of the amendment, 2,020,001 votes cast against the amendment and 422,075 abstentions. In connection with the special meeting and the resulting amendment to our amended and restated certificate of incorporation, 3,831,985 shares of our common stock were redeemed from funds available in the Trust Account, for a redemption amount of approximately $10.33 per share.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Comscore (SCOR) 123,888 49% -0.2 -48% 711,829 446,609 402,792 198,007 -344,810 -315,162 65,398
Capitol Investment IV (CIC) 118,032 0% 42.1 1% 406,445 14,194 120 0 2,801 2,801 118,010
AgroFresh (AGFS) 114,596 72% -61.6 -4% 858,926 517,683 162,412 117,535 -33,481 -8,162 503,164
Haymaker Acquisition (HYAC) 94,655 36.8 1% 336,985 17,061 0 0 1,901 2,563 94,434
Pensare Acquisition (WRLS) 89,998 -40.1 -57% 3,903 14,431 0 0 -2,236 -2,228 89,432
ServiceSource (SREV) 84,085 30% -23.0 -9% 161,218 71,447 222,735 66,482 -13,912 -2,548 58,648
Thunder Bridge Acquisition (TBRG) 75,886 70.3 0% 262,733 9,705 0 0 1,069 1,069 75,118
Trident Acquisitions (TDAC) 74,240 24.6 1% 211,619 6,190 0 0 2,346 2,986 73,607
TKK Symphony Acquisition (TKKS) 71,269 16.8 2% 256,409 1,054 0 0 4,244 4,244 71,222
DFB Healthcare Acquisitions (DFBH) 70,066 35.1 1% 253,147 8,255 0 0 1,428 1,975 69,220
Leisure Acquisition (LACQ) 62,316 28.5 1% 207,211 8,134 0 0 1,685 2,140 61,042
ALJ Regional (ALJJ) 60,729 22% 5.9 -7% 231,177 148,061 354,997 77,543 -15,979 25,335 150,206
Forum Merger II (FMCIU) 60,467 132.1 0% 202,597 7,216 0 0 338 443 58,545
Tiberius Acquisition (TIBR) 58,273 22.5 1% 178,886 9,424 0 0 1,812 2,591 58,217
CynergisTek (CTEK) 48,857 38% 2.6 34% 45,121 8,530 15,597 5,983 15,193 15,197 39,540
PFSweb (PFSW) 46,884 26% 10.4 -2% 182,960 138,595 208,650 53,407 -3,777 6,417 66,977
Gordon Pointe Acquisition (GPAQ) 41,651 25.8 1% 116,010 6,618 0 0 1,314 1,670 43,110
GigCapital (GIG) 41,445 1,575.5 -0% 145,899 140,899 0 0 -665 -65 -102,305
Alberton Acquisition (ALAC) 41,288 24.6 1% 118,561 5,475 0 0 1,629 1,629 40,051
Opes Acquisition (OPES) 39,787 27.5 1% 95,793 622 0 0 1,001 1,444 39,773

Balance Sheet ($'000)2017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash151,6371,183483899511139135217566
Accounts Receivable
Inventory
PP&E1817161615141312
Assets392312,515312,648312,712314,168314,909316,151290,84263,5743,903
Accounts Payable41152652,8193,0893,0493,3875,2145,5256,612
Long-Term Debt
Liabilities452307,515307,648307,7124,1774,1644,570285,84258,57414,431
Stockholders' Equity-615,0005,0005,0005,0005,0005,0005,0005,000-10,528
Income Statement ($'000)2017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax0185103488-208056160
Net Income-2666-22-2,538179955836-779466-2,758
Cash Flow ($'000)2017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating-35-172-435-691-584-563-523-368-1,682
Cash Investing-1926,755228,55759,965
Cash Financing41312,2940-91,0000-26,237-228,107-57,934