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Noble Rock Acquisition Corp  (NASDAQ: NRACU)
Other Ticker:  
 
    Sector • Financial    Industry • Blank Checks
   Industry • Blank Checks
   Sector • Financial
 
Price: $10.9300 $0.04 0.367%
Day's High: $10.93 Week Perf:
Day's Low: $ 10.89 30 Day Perf:
Volume (M): 1 52 Wk High: $ 0.00
Volume (M$): $ 9 52 Wk Avg: $0.00
Open: $10.89 52 Wk Low: $0.00



 Market Capitalization (Millions $) 19
 Shares Outstanding (Millions) 2
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Noble Rock Acquisition Corp
Northern Revival Acquisition Corporation is a special purpose acquisition company (SPAC) that was launched in . The company was created with the purpose of raising capital through an initial public offering (IPO) in order to acquire an existing company or business and merge them together.

The management team of Northern Revival Acquisition Corporation has experience in identifying and executing strategic investments that have the potential for strong growth and valuable synergies. They focus on companies operating in Northern regions or those that have plans to expand into these regions.

Once the company raises funds through its IPO, it has a certain timeframe to identify and complete an acquisition. The target company may operate in various sectors, including technology, manufacturing, services, or others, as long as it aligns with Northern Revival Acquisition Corporation's investment strategy.

By merging with a target company, Northern Revival Acquisition Corporation aims to unlock value, drive growth, and enhance shareholder value. The company's ultimate goal is to create a stronger and more competitive entity that can thrive in the market.


   Company Address: 4001 Kennett Pike Wilmington 19807 DE
   Company Phone Number: 338-9130   Stock Exchange / Ticker: NASDAQ NRACU


   

Stock Performances by Major Competitors

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Northern Revival Acquisition Corporation

Existing expenditures were on the rise at the Northern Revival Acquisition Corporation in the July to September 30 2023 interval

Wall Street investors and analysts have been closely monitoring the earnings season for the July to September 30, 2023 period, and among the firms that have reported their numbers, it appears that many entities in the Blank Checks industry have disclosed their financial performance. One such company is Northern Revival Acquisition Corporation (NRACU), which recently announced an operating loss of $-0.645185 million for the third quarter of the 2023 earnings season.
While this figure represents a contraction compared to the operating loss of $-0.283557 million reported in the same quarter of the previous year, market analysts are more concerned about when these Blank Checks companies will start to generate positive revenue. The lack of top-line growth has been a major topic of discussion among industry experts, as investors eagerly await signs of real business activity beyond the initial blank check phase.
Northern Revival Acquisition Corporation

Northern Revival Acquisition Corporation's expenses surge in Q2 2023



Northern Revival Acquisition Corp (NRAC) has recently achieved its 52-week high, indicating positive investor sentiment towards the company. However, a close examination of the financial results reveals some concerns, particularly regarding the operating deficit and declining GAAP income. These factors raise questions about how NRAC will navigate its future trajectory.
Operating Deficit and Revenue Stability:
During the April to June 2023 reporting season, NRAC recorded an operating deficit of $-0.538029 million. This raises concerns for shareholders as the deficit indicates that the company's expenses outpaced its revenues during this period. It is noteworthy that investors did not anticipate any revenue modifications; thus, the deficit is a cause for intrigue and scrutiny.
Northern Revival Acquisition Corp

Northern Revival Acquisition Corp Discloses Surprising Operating Deficit, Shaking the Blank Checks Industry in Q1 2023

Northern Revival Acquisition Corp - An Overview
Northern Revival Acquisition Corp (NRACU) is a special purpose acquisition company (SPAC) that was formed on February 26, 2021, with the aim of acquiring and merging with one or more businesses in the technology, media and telecommunications (TMT) sectors. As a blank check company, NRACU has raised a certain amount of funds through an initial public offering (IPO), and the funds remain in trust until the management team finds a suitable target for a merger or acquisition.
Recently, the company?s Q1 2023 results have come to light, and while there has been no announcement regarding the top-line, the operating deficit stands at $-0.976952 million. This is a significant change from Q1 2022, where the operating deficit was $-0.300399 million. Additionally, while the company was profitable in Q1 2022, it accrued a deficit of $-0.650 million in Q1 2023.









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