CORS - Corsair Partnering Stock

CORS Stock Price

CORS RSI Chart

CORS Valuation

Market Cap

14.1M

Price/Earnings (Trailing)

1.35

Price/Free Cashflow

-21.21

CORS Price/Earnings (Trailing)

CORS Profitability

Return on Assets

3.68%

Free Cashflow Yield

-4.71%

CORS Fundamentals

CORS Earnings

Earnings (TTM)

13.2M

Earnings Y/Y

69.05%

Earnings Q/Q

-144.11%

Price Action

Last 7 days

-0.1%

Last 30 days

0.4%

Last 90 days

0.3%

Trailing 12 Months

5.3%

CORS Financial Health

Current Ratio

1.4

CORS Investor Care

Financials for Corsair Partnering

Income Statement (Last 12 Months)
Description	(%) Q/Q

* denotes actual numbers (not divided by Thousands)
Balance Sheet					(In Thousands)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.9%	285,735	283,278	282,179	282,058	282,438
Current Assets	-23.1%	509	661	886	1,042	1,487
Cash Equivalents	-14.4%	307	358	492	537	882
Liabilities	32.0%	15,255	11,558	13,267	16,366	25,152
Current Liabilities	16.2%	547	471	481	329	343
Retained Earnings	-35.6%	-14,646	-10,797	-12,281	-15,207	-23,614
Additional Paid-In Capital	NaN%	-	-	-	-	-
Shares Outstanding	0%	1,405	1,405	1,405	-	-

Cashflow (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	26.4%	-490,156	-666,008	-1,451,312	-1,406,312	-1,061,521
Cashflow From Investing	NaN%	0.00	0.00	-280,900,000	-	-
Cashflow From Financing	-183.3%	-85,000	-30,001	282,818,242	282,818,242	282,843,342

Risks for CORS

What is the probability of a big loss on CORS?

0%

Probability that Corsair Partnering stock will be more than 20% underwater in next one year

0%

Probability that Corsair Partnering stock will be more than 30% underwater in next one year.

0%

Probability that Corsair Partnering stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CORS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Corsair Partnering was unfortunately bought at previous high price.

Drawdowns

Returns for CORS

Cumulative Returns on CORS

Which funds bought or sold CORS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-18	JPMORGAN CHASE & CO	new	-	2,093,000	2,093,000	-%
2023-05-16	Apollo Management Holdings, L.P.	unchanged	-	31,500	1,531,500	0.01%
2023-05-16	JANE STREET GROUP, LLC	reduced	-3.19	44,686	1,028,450	-%
2023-05-16	CVI Holdings, LLC	reduced	-26.47	-23,628	13,208	-%
2023-05-16	RP Investment Advisors LP	reduced	-44.44	-1,947,000	2,553,000	16.73%
2023-05-16	ARISTEIA CAPITAL LLC	unchanged	-	-39,376	88,088	-%
2023-05-16	HGC Investment Management Inc.	added	100	179,000	344,000	0.04%
2023-05-16	RP Investment Advisors LP	unchanged	-	-53,000	50,000	0.33%
2023-05-16	CVI Holdings, LLC	reduced	-3.39	-34,597	3,955,310	1.49%
2023-05-16	ARISTEIA CAPITAL LLC	unchanged	-	553,165	26,894,300	0.63%

Latest Funds Activity

Are funds buying CORS calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CORS

No. of Funds

Corsair Partnering News

Schedule 13G FIlings of Corsair Partnering

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	aristeia capital llc	9.38%	2,634,118	SC 13G
Feb 14, 2023	rp investment advisors lp	1.6%	450,000	SC 13G/A
Feb 06, 2023	wellington management group llp	5.92%	1,662,726	SC 13G/A
Apr 11, 2022	rp investment advisors lp	5.18%	1,453,707	SC 13G
Feb 14, 2022	bleichroeder lp	4.45%	1,250,000	SC 13G/A
Feb 10, 2022	corsair partnering sponsor lp	5.6%	1,654,500	SC 13G
Feb 07, 2022	wellington management group llp	7.41%	2,081,700	SC 13G

CORS Fair Value

Recent SEC filings of Corsair Partnering

View All Filings

Date Filed	Form Type	Document
May 12, 2023	10-Q	Quarterly Report
Apr 14, 2023	10-K/A	Annual Report
Mar 30, 2023	10-K	Annual Report
Mar 21, 2023	8-K	Current Report

About Corsair Partnering

D.T. Ignacio Jayanti

3

Corsair Partnering Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar partnering transaction with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

CORS Income Statement

2023-03-31

UNAUDITED CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
UNAUDITED CONDENSED STATEMENTS OF OPERATIONS - USD ($)	Mar. 31, 2023	Mar. 31, 2022
Loss from Operations [Abstract]
General and administrative expenses	$ 301,711	$ 431,020
Loss from operations	(301,711)	(431,020)
Other income
Change in fair value of derivative warrant liabilities	2,510,330	8,771,566
Income from investments held in Trust Account	3,125,080	65,464
Net income	$ 5,333,699	$ 8,406,010
Class A Ordinary Shares [Member]
Other income
Basic weighted average ordinary shares outstanding (in shares)	28,090,000	28,090,000
Diluted weighted average ordinary shares outstanding (in shares)	28,090,000	28,090,000
Basic net income per ordinary share (in dollars per share)	$ 0.18	$ 0.28
Diluted net income per ordinary share (in dollars per share)	$ 0.18	$ 0.28
Class B Ordinary Shares [Member]
Other income
Basic weighted average ordinary shares outstanding (in shares)	250,000	250,000
Diluted weighted average ordinary shares outstanding (in shares)	250,000	250,000
Basic net income per ordinary share (in dollars per share)	$ 0.18	$ 0.28
Diluted net income per ordinary share (in dollars per share)	$ 0.18	$ 0.28
Class F Ordinary Shares [Member]
Other income
Basic weighted average ordinary shares outstanding (in shares)	1,404,500	1,404,500
Diluted weighted average ordinary shares outstanding (in shares)	1,404,500	1,404,500
Basic net income per ordinary share (in dollars per share)	$ 0.18	$ 0.28
Diluted net income per ordinary share (in dollars per share)	$ 0.18	$ 0.28

CORS Balance Sheet

2023-03-31

CONDENSED BALANCE SHEETS - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash	$ 166,023	$ 306,665
Prepaid expenses	164,687	201,875
Total current assets	330,710	508,540
Investments held in Trust Account	288,351,907	285,226,827
Total Assets	288,682,617	285,735,367
Current liabilities:
Accounts payable	2,418	2,213
Accrued expenses	533,300	459,050
Due to related party	135,426	86,000
Total current liabilities	671,144	547,263
Derivative warrant liabilities	2,365,530	4,875,860
Deferred underwriting commissions in connection with the initial public offering	9,831,500	9,831,500
Total Liabilities	12,868,174	15,254,623
Commitments and Contingencies
Class A ordinary shares subject to possible redemption; $0.0001 par value; 28,090,000 shares at redemption value at approximately $10.26 and $10.15 per share as of March 31, 2023 and December 31, 2022, respectively	288,251,907	285,126,827
Shareholders' Deficit:
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of March 31, 2023 and December 31, 2022	0	0
Additional paid-in capital	0	0
Accumulated deficit	(12,437,630)	(14,646,249)
Total shareholders' deficit	(12,437,464)	(14,646,083)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit	288,682,617	285,735,367
Class A Ordinary Shares [Member]
Shareholders' Deficit:
Common shares - $0.0001 par value	0	0
Class B Ordinary Shares [Member]
Shareholders' Deficit:
Common shares - $0.0001 par value	25	25
Class F Ordinary Shares [Member]
Shareholders' Deficit:
Common shares - $0.0001 par value	$ 141	$ 141