CarLotz, Inc.
(Acamar Partners Acquisition Corp)
In talks with CarLotz, Inc.
CarLotz is a used vehicle consignment and Retail Remarketing business that provides corporate vehicle sourcing partners and retail sellers of used vehicles with the ability to access the previously unavailable retail sales channel while simultaneously providing buyers with prices that are, on average, below those of traditional dealerships.
Rumor from
SPAC Details
SPAC Ticker : ACAM
New Ticker : LOTZ
Status : Completed
Sector : Consumer
Target :
not announced
Trust account : $ 200.0 million
Underwriters : Goldman Sachs, Deutsche Bank
Lawyers :
IPO : Feb. 22, 2019
Target Announced : Oct. 22, 2020
Merger Closed : Jan. 21, 2021
Liquidation : Feb. 21, 2021
Co-Founder, CEO & Chairman : Mr. Michael W. Bor
Chief Operating Officer : Mr. John W. Foley II
Chief Commercial Officer, Sec. & Gen. Counsel : Ms. Rebecca C. Polak
Chief Financial Officer : Mr. Thomas W. Stoltz
Sr. VP of Fin. & Accounting : Mr. Robert Imhof
Chief Technology Officer : Mr. Daniel A. Valerian
Chief Admin. Officer : Ms. Elizabeth Sanders
Chief Marketing Officer : Mr. Michael Chapman
Sr. VP of Technology : Mr. William Vallier
Director of Barclays : Jared Itkowitz
Performance
Common Price : $ 0.22
NAV : $ 10.00
Premium to NAV : -98%
Warrant Price : $
Warrant Strike : $ 11.50
Warrant Intrinsic Value : $ 0.00
Total Return : -98%
Annualized Return : -66%
Annualized Volatility : 59%
Sharpe Ratio : -1.26
Maximum Drawdown : 98%
CarLotz, Inc.
CarLotz is a used vehicle consignment and Retail Remarketing business that provides corporate vehicle sourcing partners and retail sellers of used vehicles with the ability to access the previously unavailable retail sales channel while simultaneously providing buyers with prices that are, on average, below those of traditional dealerships.
Target announced on Oct. 22, 2020
Merger closed on Jan. 21, 2021
Valuation
Shares outstanding : 0
Current Equity Value at $ per share :
$ 16.9 million
Pro forma Equity Value at Target Announcement : $ 1.1 billion
Pro forma Enterprise Value at Target Announcement : $ 827.0 million
No graph available.
Source: Investor presentation. For the latest financial projections please refer to the investor relations department of the company.