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Ross Acquisition Corp Ii  (ROSS)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $11.0800 $-0.04 -0.360%
Day's High: $11.08 Week Perf: 0.36 %
Day's Low: $ 11.00 30 Day Perf: 0.82 %
Volume (M): 3 52 Wk High: $ 11.12
Volume (M$): $ 38 52 Wk Avg: $10.68
Open: $11.00 52 Wk Low: $10.21



 Market Capitalization (Millions $) 163
 Shares Outstanding (Millions) 15
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 7
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Ross Acquisition Corp Ii
Ross Acquisition Corp II is a special purpose acquisition company (SPAC) that was formed for the purpose of merging or acquiring one or more businesses or entities. It is a publicly traded company listed on the NASDAQ under the ticker symbol ROSSU.

The company was established with the goal of identifying and partnering with a target business that has strong growth potential and can benefit from Ross Acquisition Corp II's experience, network, and resources. The management team of the SPAC consists of professionals with extensive expertise in various industries, including finance, operations, and mergers and acquisitions.

Ross Acquisition Corp II raised funds through its initial public offering (IPO), which were placed into a trust account. These funds are intended to be used for the acquisition or merger, providing liquidity to the target company. The SPAC typically has a limited timeframe, usually two years, to complete a transaction, or it may be required to return the funds to its shareholders.

Once a suitable target is found, Ross Acquisition Corp II will negotiate the terms of the business combination. This can involve the exchange of shares, cash, or a combination of both. After the merger or acquisition is completed, the target company becomes a publicly traded entity under the Ross Acquisition Corp II umbrella.

Overall, Ross Acquisition Corp II is a SPAC that seeks to identify and acquire promising businesses, providing them with the opportunity to grow and expand their operations.


   Company Address: 1 Pelican Lane Palm Beach 33480 FL
   Company Phone Number: 655-2615   Stock Exchange / Ticker: NYSE ROSS
   ROSS is expected to report next financial results on April 05, 2024.


   

Stock Performances by Major Competitors

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Merger and Acquisition

Ross Acquisition Corp II Announces Shareholder Meeting to Extend Business Combination Date

Published Thu, Feb 29 2024 9:20 PM UTC

Ross Acquisition Corp II, a company operating in the Blank Checks sector, recently made an announcement regarding its upcoming extraordinary general meeting. Set to be held on March 6, 2024, the meeting will involve the consideration and voting on several proposals, including an amendment to the company's Amended and Restated Memorandum and s of Association. The proposed ame...

Ross Acquisition Corp Ii

Company's Fiscal Period Turns into an Avalanche of Business Expenses



In the fast-paced world of the stock market, it is common for investors to focus on large companies within popular sectors. However, hidden among them are smaller entities that often go unnoticed. One such company, Ross Acquisition Corp II, has recently announced its operating deficit for the third quarter of 2023. This article will provide an in-depth analysis of the financial numbers and its implications for the company's performance in the current market conditions.
The Numbers:
Ross Acquisition Corp II reported an operating deficit of $-0.636498 million for the third quarter of 2023. This figure stands in stark contrast to the operating deficit of $-0.003797 million recorded for the same period in 2022. The slumping net profits have impacted the company's morale and has become a cause for concern among investors.

Ross Acquisition Corp Ii

ROSS Delivers Promising Improvements as Fiscal Q2 of 2023 Records Operating Deficit Restrained at $-3.26 Million



In the world of finance, it is often the bellwethers that attract all the attention. However, there are hidden gems in overlooked sectors that can offer surprising insights. Ross Acquisition Corp II, a company operating in the Blank Checks sector, has recently announced its financial results for the second quarter of 2023. While the reports reveal a marked improvement from the same period last year, highlighting promising aspects, it also raises questions about the company's profitability. This article will analyze the facts, wonder about their implications, and explore how they may shape Ross Acquisition Corp II's future.
Operating Deficit Improvement:
The most striking revelation from Ross Acquisition Corp II's financial results is the significant improvement in its operating deficit. In the second quarter of 2023, the company reported an operating deficit of $-0.076695 million, a remarkable reduction from the $-3.259369 million incurred in the same period of the previous year. This improvement illustrates the efforts made by the company to streamline its operations and control expenses. The reduction in operating deficit is likely to instill confidence among market participants, indicating that the company is moving in the right direction.

Ross Acquisition Corp Ii

Ross Acquisition Corp II Reports Rising Operational Expenses and Unexpected Revenue Adjustments in Q1 2023

Investors in Ross Acquisition Corp II (ROSS) should brace themselves for a tough few months ahead as the company's operating deficit paints a bearish picture for the near future. Despite hopes for new revenue streams, there seems to be little light at the end of the tunnel.
Firstly, shareholders should be wary of the fact that the company's revenue is expected to experience significant adjustments during the January to March 31, 2023 reporting season. This news alone is enough to spook even the most optimistic investors. The lack of anticipation from shareholders further exacerbates the downturn in anticipation of grim results.






 




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