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Proof Acquisition Corp I  (PACI)
Other Ticker:  
 
 
Price: $14.5000 $-5.50 -27.500%
Day's High: $18.02 Week Perf: 26.64 %
Day's Low: $ 13.11 30 Day Perf: 34.51 %
Volume (M): 36 52 Wk High: $ 35.00
Volume (M$): $ 521 52 Wk Avg: $10.88
Open: $18.02 52 Wk Low: $9.94



 Market Capitalization (Millions $) 190
 Shares Outstanding (Millions) 13
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 4
 Cash Flow (TTM) (Millions $) 2
 Capital Exp. (TTM) (Millions $) 0

Proof Acquisition Corp I
Proof Acquisition Corp I is a special purpose acquisition company (SPAC) that was formed for the purpose of merging with or acquiring one or more businesses. It was founded by Bill Ackman, the CEO of Pershing Square Capital Management, and raised $1 billion in its initial public offering (IPO) in 2020. The company's objective is to identify and acquire a target company within the consumer, healthcare, technology, or industrial sectors. Once a suitable target is identified, Proof Acquisition Corp I will negotiate a merger or acquisition deal and take the target company public. The SPAC market has gained popularity in recent years as a faster and more efficient way for companies to go public.


   Company Address: 11911 Freedom Drive Reston 20190 VA
   Company Phone Number: 310-4949   Stock Exchange / Ticker: NYSE PACI
   


   

Stock Performances by Major Competitors

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Financing Agreement

Volato and PROOF Acquisition Corp I Successfully Complete Business Combination, Securing Additional Equity Financing

Published Fri, Dec 1 2023 9:05 PM UTC


In a significant move within the private aviation industry, Volato, Inc. and PROOF Acquisition Corp I (PACI) have announced the completion of their business combination. Under the Volato brand, the newly formed company will commence trading on the New York Stock Exchange American (NYSE American) on December 4, 2023, under the new ticker symbols SOAR. This exciting devel...

Business Update

Volato Group Announces Transfer to NYSE American in Readiness for Next Level Growth

Published Thu, Nov 30 2023 9:58 PM UTC



In a strategic move to solidify its position in the market and propel its growth trajectory, PROOF Acquisition Corp I (NYSE: PACI), soon to be Volato Group, Inc., has announced its decision to transfer its shares of common stock and warrants to NYSE American LLC upon the completion of its pending business combination. With a clear vision for the future and a focus ...

Business Update

Proof Acquisition Corp I Stockholders Approve Groundbreaking Merger, Set to Transform Private Aviation with Volato

Published Wed, Nov 29 2023 11:30 AM UTC



Reston, VA & Atlanta - In an extraordinary show of support, stockholders of Proof Acquisition Corp I (NYSE: PACI) have voted overwhelmingly in favor of the previously announced business combination with Volato, Inc., one of the United States' premier private aviation companies. This historic decision, made at a special meeting held on November 28, 2023, marks a sig...

Proof Acquisition Corp I

PACI Reports Disturbing Downturn in Corporate Performance Throughout Third Quarter of 2023



Proof Acquisition Corp I, a prominent player in the Special Transportation Services industry, has witnessed a downturn in its stock performance during the past five trading days. Coupled with this, the year-to-date performance stands at an overall increase of 6%. With the shares currently trading on the NYSE above its 52-week average by 3.1%, it is essential to analyze the impact of these financial results on the future of the company.
Operating Shortfall and Revenue Generation:
During the recently concluded reporting cycle between July and September 2023, Proof Acquisition Corp I reported an operating shortfall of $-2.289115 million. This highlights a significant decline from the third quarter of 2022, where the operating shortfall was only $-0.48943 million. Such a substantial decrease in the company's financial health raises concerns about its ability to generate revenue and maintain profitability.

Proof Acquisition Corp I

Proof Acquisition Corp I's Cost Surge Sends Shockwaves through the Industry, But Investors Remain Eager for a Turnaround


As an avid investor and financial analyst, I have closely observed the recent financial results of Proof Acquisition Corp I - one of the dominant players in the Blank Checks sector. The latest reporting cycle, spanning from April to June 2023, has revealed some interesting figures that warrant attention from investors and market watchers.
To begin with, Proof Acquisition Corp I's operating shortfall for the second quarter of 2023 stood at $-0.698927 million, which marks a significant improvement compared to the same period last year when it recorded $0.619518 million. This indicates a commendable effort by the company to mitigate the shortfall and enhance operational efficiency. However, investors are anxiously awaiting the moment when Proof Acquisition Corp I starts to report a positive top-line, which might profoundly impact market sentiment and enhance shareholder value.






 




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