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Acri Capital Acquisition Corporation  (ACAC)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $11.4900 $0.00 0.000%
Day's High: $11.49 Week Perf: 0.44 %
Day's Low: $ 11.49 30 Day Perf: 1.77 %
Volume (M): 0 52 Wk High: $ 11.57
Volume (M$): $ 1 52 Wk Avg: $11.11
Open: $11.49 52 Wk Low: $9.88



 Market Capitalization (Millions $) 38
 Shares Outstanding (Millions) 3
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 1
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 0

Acri Capital Acquisition Corporation
Acri Capital Acquisition Corporation is a special purpose acquisition company (SPAC) that was formed for the purpose of merging or acquiring another company. It is a publicly-traded company that raises funds through an initial public offering (IPO) to be used for this merger or acquisition. Acri Capital Acquisition Corporation typically does not have any operations or business activities of its own but exists solely for the purpose of identifying and entering into a merger or acquisition with a target company.


   Company Address: 13284 Pond Springs Rd Austin 78729 TX
   Company Phone Number: 666-1277   Stock Exchange / Ticker: NASDAQ ACAC
   


   

Stock Performances by Major Competitors

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Acri Capital Acquisition Corporation

Acri Capital Acquisition Corporation Unveils Astonishing Turnaround Plan Following Third Quarter Operating Shortfall



Acri Capital Acquisition Corporation (ACAC) has recently released its financial report for the third quarter of 2023, revealing an operating shortfall of $-0.107158 million. Despite the company's claims of conducting business more efficiently than the previous year, doubts arise as to the true health of the company. While ACAC managed to present a net profit of $0.643 million and outperform the third quarter of 2022, it is essential to scrutinize these figures and consider the long-term implications. This article aims to delve into these concerns and shed light on the potential risks associated with investing in ACAC.
Inconsistent Financial Performance:
ACAC's financial report for the third quarter of 2023 has raised eyebrows due to the conflicting numbers it presents. Despite an improvement in cost-effectiveness compared to the corresponding period in the previous year, the operating shortfall is still a significant cause for concern. It remains unclear how the company managed to generate a net profit despite a reported operating shortfall. This raises questions about the reliability and accuracy of the financial data presented by the management.

Acri Capital Acquisition Corporation

ACAC Shows Promise in Q2 2023 with Improved Bottom Line Despite Operating Deficit, Acri Capital Acquisition Corp Keeps Investors Optimistic



In the dynamic world of finance, even smaller players like Acri Capital Acquisition Corp (ACAC) can significantly impact the market. Despite operating at a deficit in the second quarter of 2023, the company has shown promise by improving its bottom line compared to the same period last year. This article will delve into the financial results of ACAC, and put them into context by considering the recent performance of their shares.
Financial Results Analysis:
ACAC recently announced an operating deficit of $-0.272674 million for the second quarter of 2023, which is greater than the operating deficit of $-0.159937 million in the same period last year. Though ACAC remains in a deficit, it is evident that significant progress has been made, as the company's bottom line improved from $-0.160 million in Q2 2022 to $0.091 million in Q2 2023.

Acri Capital Acquisition Corp

Acri Capital Acquisition Corp Surprises with Improved Net Earnings Despite Operating Deficit in Q1 2023!

As the earnings season for January to March 31, 2023 resumes, many companies have announced their respective results. Among them are various constituents of the Blank Checks sector, including Acri Capital Acquisition Corp.
On May 5, 2023, Acri Capital Acquisition Corp announced an operating deficit of $-0.196362 million for the financial three months closing Mar 31 2023. While the news may be discouraging at first glance, it is important to note that the company actually increased its net earnings from $-0.001 million in the first quarter of 2022 to $0.364 million in the most recent quarter. This shows that the company has been creative in boosting its profits.






 




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