ACND Ascendant Digital Acquisition Corp. Class A

Ascendant Digital Acquisition Corp. operates as a blank check company. It aims to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on February 11, 2020 and is headquartered in New York, NY.

On 3/2/2021 the company announced a pending merger with Beacon Street Group, LLC, a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors. Assuming no redemptions, the SPAC's stockholders will own 20% of the company, which had 2019 revenues of $272 million and estimated revenues in 2020 of $377 million. The valuation is 5.5x estimated 2020 revenues and 74.0x actual 2019 net income of $27.9 million.   

$9.95  -0.01 (-0.10%)
As of 06/21/2021 16:00:02 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Common stocks
Category3:  Small cap
GICS sector:  Financials
Industry:  Shell Companies
Index country:  USA
Country of incorporation:  
IPO date:  09/14/2020
Outstanding shares:  41,400,000
Average volume:  330,771
Market cap:   $412,758,000
Current dividend yield:  0.00%
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
CUSIP:    G05155109
ISIN:        
Sedol:      

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Valuation   (See tab for details)

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PE ratio:   0.00
PB ratio:   0.00
PS ratio:   0.00
Return on equity:   0.00%
Net income %:   0.00%