CSIMarket Company Name, Ticker, Customers, else..
 
26 Capital Acquisition Corp   (NASDAQ: ADERU)
Other Ticker:  
 
    Sector • Financial    Industry • Blank Checks
   Industry • Blank Checks
   Sector • Financial
 
Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 10
 Employees 1
 Revenues (TTM) (Millions $) -7
 Net Income (TTM) (Millions $) -3
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

26 Capital Acquisition Corp
26 Capital Acquisition Corp is a special purpose acquisition company (SPAC) that was formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses. It was founded in 2018 and its headquarters are located in New York City. The company does not have any specific industry focus and seeks to identify target companies that have strong growth potential, innovative business models, and attractive financial characteristics. Its management team consists of experienced professionals with expertise in finance, mergers and acquisitions, and corporate strategy. 26 Capital Acquisition Corp is listed on the Nasdaq stock exchange under the ticker symbol ADERU.


   Company Address: Office Edge Miami Miami 33131 FL
   Company Phone Number: 709-6664   Stock Exchange / Ticker: NASDAQ ADERU


   

Stock Performances by Major Competitors

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26 Capital Acquisition Corp

26 Capital Acquisition Corp Reports Significant Revenue Decline in Fiscal Q2 2023


As an avid investor and financial enthusiast, I couldn't help but analyze the recently released second-quarter 2023 financial report of 26 Capital Acquisition Corp. The results portrayed a rather gloomy picture, with revenue fading to a disappointing $0.00 million and a substantial net deficit per share of $-0.30. This marked a significant decline compared to the same reporting season a year ago.
Unfortunately, it seems that 26 Capital Acquisition Corp stood out among its peers in the Blank Checks industry, as others were able to post a revenue rise in the second quarter of 2023. Their net deficit per share improved from $-0.07 to $0.07, and revenue climbed from $1.10 million to a more respectable figure.
26 Capital Acquisition Corp

26 Capital Acquisition Corp Witnesses Deepening Deficit in Disastrous First Quarter of 2023, Showing a -64.087% Revenue Decline

The Blank Checks company has just revealed its disastrous first quarter of 2023, which saw a decrease in revenue by a staggering -64.087% to just $1.10 million. This is a significant drop from the same period last year. In addition, the net deficit per share surged to $-0.07, from $0.06 per share in the previous reporting period. On top of that, the revenue for the same period turned from positive to negative from $-7.45 million, indicating that the company is in a truly challenging situation.
Another company affected by these tough circumstances is the 26 Capital Acquisition Corp. In its first quarter of 2023, the company recorded a net shortfall of $-0.167 million, whereas in the same reporting period last year, it achieved a bottom line of $2.169 million. In addition, 26 Capital Acquisition Corp also saw a drop in their return on asset (ROA) to 3.06%, which is below their average return on assets of 3.13%. This decrease is despite the net income growth from the fourth quarter of 2022.









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