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Mason Industrial Technology, Inc. Stock Research

MIT

Delayed

MIT Stock Price

MIT RSI Chart

MIT Valuation

MIT Profitability

Return on Assets

3.55%

MIT Fundamentals

MIT Earnings

Earnings (TTM)

17.9M

Earnings Y/Y

-0.58%

Earnings Q/Q

-20.31%

Price Action

Last 7 days

1.1%

Last 30 days

1.4%

Last 90 days

2.1%

Trailing 12 Months

4.2%

MIT Financial Health

Current Ratio

0.77

MIT Investor Care

Financials for Mason Industrial Tech

Income Statement (Last 12 Months)
Description(%) Q/Q
Balance Sheet
(In Thousands)
* denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets0.4%503,177501,361500,772501,673502,253
  Current Assets0.7%5845807011,4981,925
    Cash Equivalents55.3%3532271949751,402
Liabilities-11.0%19,31121,68926,36434,70936,072
  Current Liabilities73.3%762440127392226
  Retained Earnings11.8%-18,272-20,720-25,593-33,037-33,819
  Additional Paid-In CapitalNaN%-----
Cashflow (Last 12 Months)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-11.5%-2,071,831-1,858,740-1,772,126-1,858,013-1,164,915
Cashflow From InvestingInfinity%447,6210.000.00-500,000,000-666,666,666
Cashflow From Financing0%574,442574,442274,442502,666,182502,567,298

Risks for MIT

What is the probability of a big loss on MIT?

0%

Probability that Mason Industrial Tech stock will be more than 20% underwater in next one year

0%

Probability that Mason Industrial Tech stock will be more than 30% underwater in next one year.

0%

Probability that Mason Industrial Tech 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 MIT drawdown profile look like?

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

Drawdowns

Returns for MIT

Cumulative Returns on MIT

Which funds bought or sold MIT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-13
Crystalline Management Inc.
new
-
498,500
498,500
 0.25%
2023-03-13
Crystalline Management Inc.
new
-
999,500
999,500
 0.50%
2023-03-06
OLD MISSION CAPITAL LLC
sold off
-100
-
-
 -%
2023-02-17
Radcliffe Capital Management, L.P.
unchanged
-
135,551
6,934,550
 0.22%
2023-02-17
Radcliffe Capital Management, L.P.
unchanged
-
42,713
2,192,710
 0.07%
2023-02-15
JANE STREET GROUP, LLC
added
230
13,686,800
19,461,800
 0.01%
2023-02-15
Virtu Financial LLC
new
-
479,000
479,000
 0.06%
2023-02-15
Virtu Financial LLC
sold off
-100
-631,000
-
 -%
2023-02-15
GRITSTONE ASSET MANAGEMENT LLC
new
-
15,986
15,986
 0.02%
2023-02-15
JANE STREET GROUP, LLC
sold off
-100
-2,000
-
 -%

1–10 of 47

Latest Funds Activity

Are funds buying MIT calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own MIT
No. of Funds

Mason Industrial Tech News

Schedule 13G FIlings of Mason Industrial Tech

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
glazer capital, llc
0.01%
3,577
SC 13G/A
Jan 18, 2023
millennium management llc
5.2%
2,581,505
SC 13G/A
Oct 20, 2022
millennium management llc
5.2%
2,580,592
SC 13G
Feb 14, 2022
glazer capital, llc
6.42%
3,208,316
SC 13G

MIT Fair Value

Recent SEC filings of Mason Industrial Tech

View All Filings
Date Filed Form Type Document
Mar 01, 2023
15-12G
15-12G
Feb 15, 2023
25-NSE
25-NSE
Feb 14, 2023
SC 13G/A
Major Ownership Report
Jan 31, 2023
8-K
Current Report
Jan 18, 2023
SC 13G/A
Major Ownership Report

About Mason Industrial Tech

Edward A. Rose
N/A
2
Mason Industrial Technology, Inc. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to identify business opportunities in the field of industrial technology, advanced materials, or specialty chemicals. The company was incorporated in 2020 and is based in New York, New York.

MIT Income Statement

2022-09-30
Statements Of Operations - USD ($)
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
OPERATING EXPENSES    
General and administrative expenses$ 251,802$ 255,261$ 1,056,207$ 667,878
Franchise tax expense50,00050,000150,136218,310
Total operating expenses(301,802)(305,261)(1,206,343)(886,188)
OTHER INCOME (EXPENSE)    
Interest income on marketable securities held in Trust Account2,260,6667,6823,011,65320,040
Underwriting discounts and offering costs attributed to derivative warrant liabilities000(1,321,353)
Change in fair value of derivative warrant liabilities2,548,0004,674,53415,797,60018,374,401
Change in fair value of derivative forward purchase agreement151,906(158,035)(132,688)462,191
Total other income4,960,5724,524,18118,676,56517,535,279
NET INCOME BEFORE INCOME TAX4,658,7704,218,92017,470,22216,649,091
Income tax expense464,2340568,0450
NET INCOME4,194,5364,218,92016,902,17716,649,091
Common Class A [Member]    
OTHER INCOME (EXPENSE)    
NET INCOME$ 3,355,629$ 3,376,672$ 13,521,742$ 12,979,386
Basic weighted average shares outstanding50,000,00050,000,00050,000,00044,301,471
Diluted weighted average shares outstanding50,000,00050,000,00050,000,00044,301,471
Basic net income (loss) per share$ 0.07$ 0.07$ 0.27$ 0.29
Diluted net income (loss) per share$ 0.07$ 0.07$ 0.27$ 0.29
Common Class B [Member]    
OTHER INCOME (EXPENSE)    
NET INCOME$ 838,907$ 842,248$ 3,380,435$ 3,669,705
Basic weighted average shares outstanding12,500,00012,500,00012,500,00012,544,872
Diluted weighted average shares outstanding12,500,00012,500,00012,500,00012,544,872
Basic net income (loss) per share$ 0.07$ 0.07$ 0.27$ 0.29
Diluted net income (loss) per share$ 0.07$ 0.07$ 0.27$ 0.29

MIT Balance Sheet

2022-09-30
Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS  
Cash$ 352,615$ 975,393
Prepaid and other current assets231,313522,200
Total current assets583,9281,497,593
NONCURRENT ASSETS  
Cash held in trust account502,593,553500,029,521
Other assets043,517
Derivative forward purchase agreement asset0102,643
Total noncurrent assets502,593,553500,175,681
TOTAL ASSETS503,177,481501,673,274
CURRENT LIABILTIES  
Accounts payable and accrued expenses5,583206,424
Franchise tax payable38,412186,031
Convertible note payable - related party300,0000
Income tax payable418,0450
Total current liabilities762,040392,455
LONG-TERM LIABILTIES  
Deferred underwriting commissions17,500,00017,500,000
Derivative warrant liabilities1,019,20016,816,800
Derivative forward purchase agreement liability30,0450
Total liabilities19,311,28534,709,255
Commitments and Contingencies
Class A common stock subject to possible redemption: 50,000,000 shares as of September 30, 2022 and December 31, 2021, respectively, at redemption value of $10.04 per share as of September 30, 2022 and $10.00 per share as of December 31, 2021, respectively502,136,962500,000,000
STOCKHOLDERS' DEFICIT  
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively
Additional paid-in capital00
Accumulated deficit(18,272,016)(33,037,231)
Total stockholders' deficit(18,270,766)(33,035,981)
TOTAL LIABILITIES, REEDEMABLE COMMON STOCK AND STOCKHOLDERS' DEFICIT503,177,481501,673,274
Common Class A [Member]  
LONG-TERM LIABILTIES  
Class A common stock subject to possible redemption: 50,000,000 shares as of September 30, 2022 and December 31, 2021, respectively, at redemption value of $10.04 per share as of September 30, 2022 and $10.00 per share as of December 31, 2021, respectively502,136,962500,000,000
STOCKHOLDERS' DEFICIT  
Common stock00
Common Class B [Member]  
STOCKHOLDERS' DEFICIT  
Common stock$ 1,250$ 1,250