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Summit Healthcare Acquisition Corp   (SMIH)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $13.0000 $0.00 0.000%
Day's High: $15.09 Week Perf: 31.18 %
Day's Low: $ 11.56 30 Day Perf: 28.21 %
Volume (M): 109 52 Wk High: $ 0.00
Volume (M$): $ 1,411 52 Wk Avg: $0.00
Open: $13.73 52 Wk Low: $0.00



 Market Capitalization (Millions $) 260
 Shares Outstanding (Millions) 20
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 18
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Summit Healthcare Acquisition Corp
Summit Healthcare Acquisition Corp is a special purpose acquisition company (SPAC) that was formed for the purpose of merging or acquiring one or more businesses or entities. SPACs are created with the sole purpose of raising capital through an initial public offering (IPO) and then using those funds to acquire an existing company.

Summit Healthcare Acquisition Corp has not specified any target sector or industry for its merger or acquisition, operating with a general focus on healthcare businesses. This means that the company could potentially make an acquisition within any aspect of the healthcare industry, including pharmaceuticals, medical devices, healthcare services, or biotechnology.

Once Summit Healthcare Acquisition Corp successfully identifies a suitable target and completes an acquisition, the acquired company will become a publicly traded entity without the need for its own IPO. This makes SPACs an attractive option for companies looking to go public.

Overall, Summit Healthcare Acquisition Corp is a SPAC that plans to use the funds raised through its IPO to acquire a healthcare business, bringing that company to the public market.


   Company Address: Unit 1101 Central 0
   Company Phone Number: 2155-7212   Stock Exchange / Ticker: NASDAQ SMIH
   


   

Stock Performances by Major Competitors

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Powerup Acquisition Corp

Headline: Blank Checks Company Powerup Acquisition Corp Reports Surge in Operating Profit for Q4 2023

The Blank Checks industry is currently analyzing the fourth-quarter earnings of 2023. The focus is on Powerup Acquisition Corp (PWUPU), which reported an operating profit of $2.277721 million for the period between October and December 31, 2023. However, no information has been provided regarding the top-line figures for this quarter.
Comparing this performance to the fourth quarter of 2022, it is evident that Powerup Acquisition Corp conducted its business more efficiently, as reflected in the rise of operating profit from $1.638661 million to $2.277721 million.

Kernel Group Holdings Inc

Kernel Group Holdings Inc Faces Operating Contraction and Net Deficit in Q4 2023

Investors were taken by surprise as Kernel Group Holdings Inc reported a net deficit of $-7.54 million and revenue of $0.00 million for the fiscal period 2023. The operating shortfall of $-0.741232 million during the same time frame also raised concerns among stakeholders.
However, despite these disappointing figures, the markets are hopeful for additional revenue streams to come in the near future. The current profits of $0.862 million, while less than the previous year's Q4 results by -70.64%, provide some comfort to investors.

Broad Capital Acquisition Corp

BRAC's Strong Recovery in Fourth Quarter 2023 Earnings Sparks Investor Interest

In the world of Blank Checks industry, the focus has primarily been on the larger companies and their earnings reports. However, some lesser known corporations are making headlines with their financial updates.
BRAC (Blank Checks Acquisition Corp) recently reported an operating shortfall of $-0.491381 million for the fourth quarter of 2023. Despite this, the company has shown improvement compared to the same period last year. Operating in the progress stage, BRAC's performance has caught the attention of investors and analysts alike.

Climaterock

Again Positive Income at the Climaterock in third quarter of 2023 earnings season

For the third quarter of 2023 earnings season CLCRU bottom-line turned positive of $0.11 per share compare to $-0.03 a year before and earnings per share soared by 57.14 % from $0.07 per share from the prior reporting season. The revenue remained unaltered to $0.00 million from $0.35 million in the same reporting season a year before and sequentially from $0.00 million.

Global Star Acquisition Inc

Global Star Acquisition Inc. Reports Operating Profit in Q4 20232.

The Blank Checks industry has been making waves in the financial world, and the latest reports from Global Star Acquisition Inc (GLSTU) only add to the intrigue. With the October to December 31, 2023 reporting season in full swing, GLSTU has disclosed an operating profit of $3.630548 million for the mentioned period. However, it is important to note that this is not a significant increase from the previous fiscal period, as the company reported a net profit of $1.04 million.
What is perhaps more concerning for GLSTU is the fact that they have recorded a net shortfall of $-0.028 million, indicating a difference of $-0.028 million compared to the same reporting period a year ago. This is certainly not an ideal situation for the company, as investors may question why the books are not balanced in a similar time frame.






 




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