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Zeta Acquisition Corp I  (ZETAI)
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) -
 Employees 1
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Zeta Acquisition Corp I

Zeta Acquisition Corp. I was incorporated in the State of Delaware on November 16, 2007. Since inception, the Company has been engaged in organizational efforts and obtaining initial financing. The Company was formed as a vehicle to pursue a business combination and has made no efforts to identify a possible business combination. As a result, the Company has not conducted negotiations or entered into a letter of intent concerning any target business. The business purpose of the Company is to seek the acquisition of, or merger with, an existing company.

The Company is currently considered to be a “blank check” company. The U.S. Securities and Exchange Commission (the “SEC”) defines those companies as “any development stage company that is issuing a penny stock, within the meaning of Section 3 (a)(51) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and that has no specific business plan or purpose, or has indicated that its business plan is to merge with an unidentified company or companies.” Under SEC Rule 12b-2 under the Exchange Act, the Company also qualifies as a “shell company,” because it has no or nominal assets (other than cash) and no or nominal operations. Many states have enacted statutes, rules and regulations limiting the sale of securities of “blank check” companies in their respective jurisdictions. Management does not intend to undertake any efforts to cause a market to develop in our securities, either debt or equity, until we have successfully concluded a business combination. The Company intends to comply with the periodic reporting requirements of the Exchange Act for so long as it is subject to those requirements.

In addition, the Company is an “emerging growth company”, as defined in the Jumpstart Our Business Startups Act of 2012 (“JOBS Act”), and may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not “emerging growth companies” including, but not limited to, not being required to comply with the auditor attestation requirements of section 404(b) of the Sarbanes-Oxley Act, and exemptions from the requirements of Sections 14A(a) and (b) of the Securities Exchange Act of 1934 to hold a nonbinding advisory vote of shareholders on executive compensation and any golden parachute payments not previously approved.

The Company has also elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(1) of the JOBS Act. This election allows us to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies. As a result of this election, our financial statements may not be comparable to companies that comply with public company effective dates.

We will remain an “emerging growth company” until the earliest of (1) the last day of the fiscal year during which our revenues exceed $1 billion, (2) the date on which we issue more than $1 billion in non-convertible debt in a three year period, (3) the last day of the fiscal year following the fifth anniversary of the date of the first sale of our common equity securities pursuant to an effective registration statement filed pursuant to the Securities Act of 1933, as amended (the “Securities Act”), or (4) when the market value of our common stock that is held by non-affiliates exceeds $700 million as of the last business day of our most recently completed second fiscal quarter. To the extent that we continue to qualify as a “smaller reporting company”, as such term is defined in Rule 12b-2 under the Securities Exchange Act of 1934, after we cease to qualify as an emerging growth company, certain of the exemptions available to us as an emerging growth company may continue to be available to us as a smaller reporting company, including: (1) not being required to comply with the auditor attestation requirements of Section 404(b) of the Sarbanes Oxley Act; (2) scaled executive compensation disclosures; and (3) the requirement to provide only two years of audited financial statements, instead of three years.

The Company was organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly held corporation. The Company’s principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. The Company will not restrict its potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.

The analysis of new business opportunities will be undertaken by or under the supervision of the officers and directors of the Company. As of this date, the Company has not entered into any definitive agreement with any party regarding business opportunities for the Company. The Company has unrestricted flexibility in seeking, analyzing and participating in potential business opportunities in that it may seek a business combination target located in any industry or location. In its efforts to analyze potential acquisition targets, the Company will consider the following kinds of factors:

Potential for growth, indicated by new technology, anticipated market expansion or new products;

Competitive position as compared to other firms of similar size and experience within the industry segment as well as within the industry as a whole;

Strength and diversity of management, either in place or scheduled for recruitment;

Capital requirements and anticipated availability of required funds, to be provided by the Company or from operations, through the sale of additional securities, through joint ventures or similar arrangements or from other sources;

The cost of participation by the Company as compared to the perceived tangible and intangible values and potentials;

The extent to which the business opportunity can be advanced; and

The accessibility of required management expertise, personnel, raw materials, services, professional assistance and other required items.



   


   

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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