Quantum FinTech Acquisition Corp
In talks with AtlasClear, Inc.
TradeStation has, for decades, been a fintech pioneer in its support of self-directed traders and investors in their journeys to claim their financial edge. TradeStation provides award-winning trading and analysis platforms and self-clearing online brokerage services for stocks, ETFs, equity and index options, commodity and financial futures, futures options, and cryptocurrencies. These trading platforms are accessible on desktop, Web and mobile, as well as via API technologies which seamlessly provide access to TradeStation's brokerage environment through third-party platforms. TradeStation's offerings also include a deep and growing learning content designed to build confidence among those new to investing and hone the skills of seasoned traders.
Rumor from
SPAC Details
Ticker : QFTA
Status : Definitive Agreement
Sector : Finance, Technology
Target :
not announced
Trust account : $ 202.6 million
Underwriters : Chardan
Lawyers :
IPO : Feb. 05, 2021
Target Announced : Nov. 16, 2022
Merger Closed : n/a
Liquidation : Feb. 09, 2023
Chairman & CEO : Mr. John Martin Schaible
Pres & Director : Mr. Daniel Caamano V, Esq.
CFO & Director : Mr. Miguel Leon Ph.D.
Performance
Common Price : $ 9.93
NAV : $ 10.00
Premium to NAV : -1%
Warrant Price : $ 0.01
Warrant Strike : $ 11.50
Warrant Intrinsic Value : $ 0.00
Total Return : 2%
Annualized Return : 1%
Annualized Volatility : 4%
Sharpe Ratio : -5.97
Maximum Drawdown : 3%
AtlasClear, Inc.
TradeStation has, for decades, been a fintech pioneer in its support of self-directed traders and investors in their journeys to claim their financial edge. TradeStation provides award-winning trading and analysis platforms and self-clearing online brokerage services for stocks, ETFs, equity and index options, commodity and financial futures, futures options, and cryptocurrencies. These trading platforms are accessible on desktop, Web and mobile, as well as via API technologies which seamlessly provide access to TradeStation's brokerage environment through third-party platforms. TradeStation's offerings also include a deep and growing learning content designed to build confidence among those new to investing and hone the skills of seasoned traders.
Target announced on Nov. 16, 2022
Transaction Overview and Valuation
Equity Value at $10 per share : $ 1.7 billion
Equity Value at current $ per share :
$ 249.8 million
Enterprise Value at $10 per share : $ 1.4 billion
Business Combination Proceeds :
$ 202.6 million Cash in Trust +
$ 121.0 million PIPE
2024E implied EV/Ebitda multiple of 21.97x
2024E implied EV/Revenue multiple of 2.76x
see Investor Presentation
Source: Investor presentation. For the latest financial projections please refer to the investor relations department of the company.