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Atlantic Coastal Acquisition Corp Ii  (ACAB)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $10.6900 $0.12 1.134%
Day's High: $10.69 Week Perf: -5.81 %
Day's Low: $ 10.69 30 Day Perf: 0.85 %
Volume (M): 0 52 Wk High: $ 11.40
Volume (M$): $ 2 52 Wk Avg: $10.50
Open: $10.69 52 Wk Low: $9.79



 Market Capitalization (Millions $) 117
 Shares Outstanding (Millions) 11
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 4
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) 0

Atlantic Coastal Acquisition Corp Ii
Atlantic Coastal Acquisition Corp II is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. As a SPAC, its primary objective is to identify and acquire a target company or business that aligns with its investment criteria and strategy. The company seeks to capitalize on the expertise and experience of its management team to identify compelling investment opportunities in various industries. Atlantic Coastal Acquisition Corp II is listed on the New York Stock Exchange under the ticker symbol ACP.


   Company Address: 6 St Johns Lane, Floor 5 New York 10013 NY
   Company Phone Number: 890-7200   Stock Exchange / Ticker: NASDAQ ACAB
   ACAB is expected to report next financial results on March 30, 2024.


   

Stock Performances by Major Competitors

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Atlantic Coastal Acquisition Corp Ii

Atlantic Coastal Acquisition Corp II Announces Operating Deficit in Third Quarter of 2023

Atlantic Coastal Acquisition Corp II (ACAB) has recently announced an operating deficit of $-0.315247 million for the financial three months ending September 30, 2023. This news is particularly noteworthy considering that the small company had operated more efficiently in the same period the previous year, recording an operating deficit of $-0.533796 million.
While the current earnings may not have a significant impact on the future prospects of ACAB, it is important to acknowledge that the company has experienced a deficit of $-0.045 million in the fiscal year ending September 30, 2023. This is a concerning trend, especially considering ACAB's profitability in the third quarter of 2022.

Atlantic Coastal Acquisition Corp Ii

Atlantic Coastal Acquisition Corp II (ACAB) Reports Operating Shortfall in 2nd Quarter, Highlighting Focus on Research and Growth

Atlantic Coastal Acquisition Corp II (ACAB) has shown a consistent increase in its stock price over the past five trading days, with a 0.85% rise. This brings the year-to-date performance of the stock to 4.31%. However, it is worth noting that the stock is currently 4.3% lower than its 52-week high.
The Blank Checks sector researchers have been analyzing the second quarter results of 2023. In this regard, ACAB has reported an operating shortfall of $-0.420341 million for the period from April to June 2023. It is important to mention that the company has not disclosed any revenue figures during this reporting season. As a result, the researchers have focused on the management decisions that have influenced the day-to-day operations of the company. Notably, these decisions have overshadowed those made during the same period in the previous year. The report highlights ACAB's emphasis on research, which serves as a significant aspect of their operations.

Atlantic Coastal Acquisition Corp Ii

Blank Checks Company Unveils Surprising Quarter One Deficit for 2023 - What does this Mean for the Atlantic Coastal Acquisition Corp II?

Investors in the Blank Checks industry are in for a rude awakening as the first quarter of 2023 earnings show a worrying trend. According to industry veterans, the Atlantic Coastal Acquisition Corp II (ACAB) has yet to specify any top-line figures for the January to March 31, 2023 reporting season. This is concerning as the operating shortfall currently stands at a whooping $-0.537558 million, a decrease from $-0.493537 million from the first quarter of 2022.
The lack of top-line figures from ACAB is a worrying signal for investors who had hoped for better from the Blank Checks industry. With no clear indication of the company's revenue, investors cannot gauge the overall health of the company. The lack of top-line figures is also puzzling, considering that the bottom-line appears to be doing well in the first quarter of 2023.






 




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