NRAC - Noble Rock Acquisition Stock

Market Summary

USD10.20+0.05

Market Closed

0.49%

NRAC Stock Price

NRAC RSI Chart

NRAC Valuation

NRAC Profitability

Return on Assets

3.34%

NRAC Fundamentals

NRAC Revenue

Revenue (TTM)

1.4M

Revenue Y/Y

33.8K%

Revenue Q/Q

242.8%

NRAC Earnings

Earnings (TTM)

8.1M

Earnings Y/Y

-21.6%

Earnings Q/Q

-19%

Price Action

52 Week Range

9.7610.60

(Low)(High)

Last 7 days

-0.6%

Last 30 days

-0.1%

Last 90 days

1.3%

Trailing 12 Months

4.5%

NRAC Financial Health

Current Ratio

8.06

NRAC Investor Care

Diluted EPS (TTM)

0.28

Financials for Noble Rock Acquisition

* denotes actual numbers (not divided by Thousands)
Income Statement (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	311.3%	1,446	351	40.00	26.00	28.00
S&GA Expenses	0.3%	1,446	1,442	1,410	1,322	810
Net Income	-4.5%	8,127	8,511	11,105	9,424	8,262
Net Income Margin	-76.8%	5.62*	24.22*	278.06*	362.44*	296.50*
Free Cahsflow	-8.4%	-839	-775	-813	-1,292	-1,042

* denotes actual numbers (not divided by Thousands)
Balance Sheet					(In Thousands)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	0.3%	243,285	242,473	242,399	242,693	243,056
Current Assets	-47.3%	318	604	850	1,167	1,535
Cash Equivalents	-49.0%	207	407	566	868	1,157
Liabilities	-5.3%	10,408	10,991	12,638	16,812	18,307
Current Liabilities	-39.3%	40.00	65.00	36.00	120	231
Retained Earnings	2.9%	-9,990	-10,287	-11,739	-15,619	-16,751
Additional Paid-In Capital	NaN%	-	-	-	-	-

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	-8.4%	-0.84	-0.78	-0.81	-1.29	-1.39
Cashflow From Investing	100.0%	0.00	-241	-322	-	-
Cashflow From Financing	0%	-0.11	-0.11	-0.11	244	325

Risks for NRAC

What is the probability of a big loss on NRAC?

0%

Probability that Noble Rock Acquisition stock will be more than 20% underwater in next one year

0%

Probability that Noble Rock Acquisition stock will be more than 30% underwater in next one year.

0%

Probability that Noble Rock Acquisition 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 NRAC drawdown profile look like?

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

Drawdowns

Returns for NRAC

Cumulative Returns on NRAC

Which funds bought or sold NRAC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-06	OLD MISSION CAPITAL LLC	new	-	530	530	-%
2023-03-06	OLD MISSION CAPITAL LLC	sold off	-100	-1,000	-	-%
2023-02-17	Radcliffe Capital Management, L.P.	unchanged	-	124,022	6,949,020	0.22%
2023-02-17	Radcliffe Capital Management, L.P.	unchanged	-	40,499	2,280,500	0.07%
2023-02-15	Vestcor Inc	unchanged	-	29,000	1,818,000	0.07%
2023-02-15	Shaolin Capital Management LLC	unchanged	-	-	6,000	-%
2023-02-15	JANE STREET GROUP, LLC	added	4.32	7,199	133,199	-%
2023-02-15	Virtu Financial LLC	new	-	407,000	407,000	0.05%
2023-02-15	GABELLI & Co INVESTMENT ADVISERS, INC.	unchanged	-	6,770	380,770	0.08%
2023-02-15	Vestcor Inc	unchanged	-	-1,000	3,000	-%

Latest Funds Activity

Are funds buying NRAC calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own NRAC

No. of Funds

Noble Rock Acquisition News

Schedule 13G FIlings of Noble Rock Acquisition

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	glazer capital, llc	9.93%	2,397,045	SC 13G/A
Feb 14, 2023	first trust capital management l.p.	6.17%	1,489,057	SC 13G
Feb 13, 2023	periscope capital inc.	3.12%	752,950	SC 13G/A
Feb 10, 2023	glazer capital, llc	10.31%	3e+05	SC 13G
Feb 14, 2022	periscope capital inc.	5.44%	1,312,808	SC 13G
Feb 14, 2022	glazer capital, llc	5.40%	1,304,104	SC 13G
Feb 11, 2022	noble rock sponsor llc	20.0%	6,037,500	SC 13G/A

NRAC Fair Value

Recent SEC filings of Noble Rock Acquisition

View All Filings

Date Filed	Form Type	Document
Mar 16, 2023	8-K	Current Report
Mar 02, 2023	3	Insider Trading
Feb 27, 2023	DEF 14A	DEF 14A
Feb 21, 2023	3	Insider Trading
Feb 21, 2023	3	Insider Trading
Feb 21, 2023	3	Insider Trading
Feb 14, 2023	PRE 14A	PRE 14A
Feb 14, 2023	SC 13G	Major Ownership Report
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 13, 2023	SC 13G/A	Major Ownership Report

About Noble Rock Acquisition

Whitney A. Bower

www.noblerockadvisors.com

6

Noble Rock Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and tech-enabled services sectors. The company was incorporated in 2020 and is based in Wilmington, Delaware.

NRAC Income Statement

2022-09-30

Unaudited Condensed Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
Unaudited Condensed Statements of Operations - USD ($)	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
General and administrative expenses	$ 283,557	$ 279,526	$ 904,137	$ 779,464
Loss from operations	(283,557)	(279,526)	(904,137)	(779,464)
Other income (expenses)
Change in fair value of derivative warrant liabilities	580,180	2,054,400	6,459,090	9,820,520
Financing costs - derivative warrant liabilities				(769,323)
Income from investments held in Trust Account	1,097,440	3,240	1,440,539	20,900
Net income	$ 1,394,063	$ 1,778,114	$ 6,995,492	$ 8,292,633
Class A Ordinary Shares
Other income (expenses)
Weighted average shares outstanding of ordinary shares, basic (in Shares)	24,150,000	24,150,000	24,150,000	21,142,308
Basic net income per share, ordinary shares (in Dollars per share)	$ 0.05	$ 0.06	$ 0.23	$ 0.31
Class B Ordinary Shares
Other income (expenses)
Weighted average shares outstanding of ordinary shares, basic (in Shares)	6,037,500	6,037,500	6,037,500	5,939,423
Weighted average shares outstanding of ordinary shares, diluted (in Shares)	6,037,500	6,037,500	6,037,500	6,037,500
Basic net income per share, ordinary shares (in Dollars per share)	$ 0.05	$ 0.06	$ 0.23	$ 0.31

NRAC Balance Sheet

2022-09-30

Condensed Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash	$ 207,249	$ 867,698
Prepaid expenses	111,159	299,487
Total current assets	318,408	1,167,185
Investments held in Trust Account	242,966,541	241,526,002
Total Assets	243,284,949	242,693,187
Current liabilities:
Accounts payable	15,000
Accrued expenses	2,475	119,875
Due to related party	22,054
Total current liabilities	39,529	119,875
Deferred legal fees	740,455	604,749
Deferred underwriting commissions	9,056,250	9,056,250
Derivative warrant liabilities	572,190	7,031,280
Total liabilities	10,408,424	16,812,154
Commitments and Contingencies (Note 6)
Class A ordinary shares, $0.0001 par value; 24,150,000 shares subject to possible redemption at $10.06 per share at September 30, 2022 and $10.00 at December 31, 2021	242,866,541	241,500,000
Shareholders’ Deficit
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding
Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; no non-redeemable shares issued or outstanding at September 30, 2022 and December 31, 2021
Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 6,037,500 shares issued and outstanding at September 30, 2022 and December 31, 2021	604	604
Additional paid-in capital
Accumulated deficit	(9,990,620)	(15,619,571)
Total Shareholders’ Deficit	(9,990,016)	(15,618,967)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit	$ 243,284,949	$ 242,693,187