Baird Medical (BDMD) : 3-month performance

Baird Medical Investment Holdings Limited, together with its subsidiaries develops and sells microwave ablation medical devices for minimally invasive tumor treatment in China. The company's medical devices are used for treatment of benign and malignant tumors, including thyroid nodules, liver cancer, lung cancer, and breast lumps. 

• Sector: Healthcare
• Industry: Medical Devices
• Full Time Employees: 148
• Founded in 2012 
• Headquartered in Guangzhou, China
• https://www.bairdmed.com

IPO: October 2, 2024 via a merger vith ExcelFin Acquisition Corp. (NASDAQ: XFIN).

Nauticus Robotics (KITT) : 7-year performance

Nauticus Robotics, Inc. develops ocean robots, cloud software, and services to the ocean industry.

• Sector: Industrials
• Industry: Aerospace & Defense
• Full Time Employees: 72
• Founded in 2014 
• Headquartered in Webster, Texas
• https://nauticusrobotics.com

IPO July 19, 2021: Nauticus went public following its SPAC (special purpose acquisition company) merger with New York City-based CleanTech Acquisition Corp. the Company sold 15,000,000 Units at a purchase price of $10.00 per Unit.

Grid Dynamics (GDYN) to join the S&P SmallCap 600, replacing Revelyst Inc. (NYSE: GEAR)

Grid Dynamics (GDYN) bean trading on the Nasdaq Stock Market on March 6, 2020 after business combination with ChaSerg Technology Acquisition Corp. (Nasdaq: CTAC)

• Sector: Technology
• Industry: Information Technology Services
• Full Time Employees: 4,298
• Founded in 2006 
• Headquartered in San Ramon, California
• https://www.griddynamics.com

 

 

Zeo Energy (ZEO) : 9-month performance

Zeo Energy Corp. is a vertically integrated provider of residential solar energy systems, other energy efficient equipment, and related services.

• Sector: Technology
• Industry: Solar
• Founded in 2005 
• Headquartered in New Port Richey, Florida
• https://zeoenergy.com

Merged with ESGEN Acquisition Corp. ("ESGEN")

About ESGEN Acquisition Corp.

ESGEN was a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. ESGEN was led by Chief Executive Officer, Andrejka Bernatova and Chief Financial Officer, Nader Daylami, and was affiliated with Energy Spectrum Capital, a Dallas-based private investment firm with long-standing experience building companies across the energy infrastructure landscape over multiple decades.

 

Vertical Aerospace (EVTL) : 3-year performance

Vertical Aerospace Ltd. is a global aerospace and technology company. It engages in the business of designing, manufacturing, and selling a zero operating emission electric vertical takeoff and landing aircraft for use in the advanced air mobility market using the most cutting-edge technology from the aerospace, automotive, and energy industries.

• Sector: Industrials
• Industry: Aerospace & Defense
• Full Time Employees: 350
• founded by Stephen James Fitzpatrick in 2016 
• headquartered in Bristol, the United Kingdom
• https://www.vertical-aerospace.com

December 16, 2021: went public via a business combination with Broadstone Acquisition Corp. 

 

 

 

 

One month later:

 

 

 

PureCycle (PCT) : 3-year performance

PureCycle is a plastic recycling company that holds a global license to commercialize a solvent-based purification recycling technology. The technology was developed by Procter & Gamble and restores waste polypropylene into virgin-like resin

• Sector(s): Industrials
• Industry: Pollution & Treatment Controls
• Full Time Employees: 146
• founded in 2015 and is headquartered in Orlando, Florida
• https://www.purecycle.com

PureCycle Technologies (PCT) went public and listed on the Nasdaq on March 18, 2021. 

Business combination with Roth CH Acquisition I Co. (NASDAQ: ROCH)

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Sable Offshore (SOC) : 7-month performance

• Sable Offshore Corp. (SOC) went public via a SPAC with Flame Acquisition Corp. 
• It began trading on the NYSE on February 15, 2024.
• Sable Offshore Corp. was incorporated in 2020 and is headquartered in Houston, Texas.
   

Nuscale Power (SMR) : 2-year performance

NuScale Power is commercializing a safe, modular, and scalable 77 megawatt electric (gross) light water reactor nuclear power plant.

NuScale Power went public on May 3, 2022, after merging with Spring Valley Acquisition Corp. The company's stock started trading on the New York Stock Exchange under the ticker symbol "SMR". This made NuScale the first and only publicly traded provider of small modular reactor (SMR) technology. 

• Founded: 2007
• Headquarters: Corvallis, Oregon
• Employees: 330
• nuscalepower.com

 

 

GeneDx (WGS) : 3-year performance

GeneDx began trading under WGS on January 10, 2023. The Company previously traded under SMFR, reflective of the company's former name, Sema4 which went public via merger with CM Life Sciences (CMLF), a special purpose acquisition company (SPAC), on July 23, 2021, at a valuation of around $3 billion.

• Sector: Healthcare
• Industry: Diagnostics & Research
• Full Time Employees: 1,000
• Founded by Eric Schadt in October 2015
• Headquartered in Stamford, Connecticut
• https://www.genedx.com/

Clinical data and genomics company 

Sema4 was spun out of Mount Sinai Health System in 2017 The Sema4 platform uses machine learning and other artificial intelligence tools to analyze a database of more than 10 million patient genomic profiles and clinical records, with the goal of improving physicians’ ability to diagnose, manage and ultimately prevent disease. 

Oklo Inc. (OKLO) began trading on the NYSE on Fri 10 May 24

Oklo Inc. manufactures an emission-free, megawatt-scale atomic generator. The company develops a new kind of nuclear reactor that's small, portable, waste, and carbon-negative. Oklo Inc. has a partnership with Argonne National Laboratory. 

Oklo plans to supply provide clean, reliable, affordable energy to customers across the artificial intelligence, data center, energy, defense, and industrial markets, among others.

• Sector(s): Utilities
• Industry: Utilities - Regulated Electric
• Full Time Employees: 78
• Incorporated in 2013 
• Based in Santa Clara, California.
• https://www.oklo.com

IPO: Fri 10 May 2024  after completing its business combination with AltC Acquisition Corp.

 

 

 

Oklo is working with the Idaho National Laboratory (INL) to develop the Aurora Powerhouse 

Oklo anticipates the first commercial Aurora powerhouse will be deployed in 2027. 

Oklo's Aurora powerhouse

The Aurora Powerhouse is a small, modular nuclear reactor designed by Oklo to produce clean, emission-free energy. 

It is a liquid-metal-cooled fast reactor that is designed to operate on both fresh high-assay low-enriched uranium (HALEU) and used nuclear fuel. 

The Aurora Powerhouse is intended to be low-cost, reliable, and have a small footprint.

Features:

• Fuel: Uses recycled high-assay, low-enriched uranium (HALEU)
• Power output: Can produce up to 50 megawatts of electricity
• Heat: Can produce usable heat
• Refueling: Can operate for 40 years without refueling
• Cooling: Uses heat pipes for heat removal
• Core: Buried underground

Applications:

• Data centers: Can power AI, cloud, and enterprise data centers
• Factories: Can power industrial sites
• Communities: Can power communities facing unreliable energy supplies
• Defense facilities: Can power bases

Rekor Systems (REKR) : 7-year performance

Rekor Systems is a traffic services company that offers traditional traffic studies, AI-driven traffic studies, and traffic engineering services.

• Sector: Technology
• Industry: Software - Infrastructure
• Full Time Employees: 347
• Founded by James K. McCarthy
• Incorporated in 2017 
• Headquartered in Columbia, Maryland
• https://www.rekor.ai

Went public on AUg 25, 2017 following the merger of Brekford Traffic Safety, Inc. and KeyStone Solutions, Inc.

 

MicroCloud Hologram (HOLO) : 18-month performance

 MicroCloud Hologram Inc. is focused on holographic technology and quantum blockchain security.

• Sector: Technology
• Industry: Electronic Components
• Full Time Employees: 46
• Headquartered in Shenzhen, China
• https://www.mcholo.com

Intuitive Machines (LUNR) began trading on the Nasdaq on Tue 14 Feb 23

Commercial lunar lander company Intuitive Machines has completed its merger with Inflection Point Acquisition Corp., a special purpose acquisition company (SPAC) on Feb. 13, raising far less money than originally anticipated.

The company designs, manufactures, and operates space products and services in the United States.

It also offers aerospace engineering services to NASA and the aerospace industry. 

• Sector(s): Industrials
• Industry: Aerospace & Defense
• Founded in 2013 
• HQ in Houston, Texas
• https://www.intuitivemachines.com

The companies announced the merger in September 2022, long after the mania surrounding SPACs has cooled both in the space industry and the overall market. Inflection Point had $301 million of cash in trust, and the companies said they had arranged an additional $55 million in investment from the SPAC’s sponsors and a founder of Intuitive Machines, along with $50 million CF Principal Investments LLC, an affiliate of Cantor Fitzgerald & Company. In an investor presentation linked to the merger announcement, the companies anticipated having more than $330 million in cash after transaction expenses.

However, in the Feb. 13 announcement that the merger had closed, the companies announced only $55 million of “committed capital from an affiliate of its sponsor and company founders.” The companies did not mention any proceeds of the SPAC itself, which could have been depleted by redemptions, where SPAC shareholders request their money back rather than hold stock in the merged company.

Despite raising less money than anticipated, company executives said the deal will help Intuitive Machines continue development of a series of commercial lunar landers and related infrastructure, like communications satellites in lunar orbit.

Grindr (GRND) began trading on the NYSE on Fri 18 Nov 22

Grindr, which launched in 2009, reported roughly 11 million daily users per day last year. Users sent a combined 260 million messages in that same period, and spent an average of 61 minutes per day on the app. In the same announcement, Grindr estimated the value of its "highly engaged user base in a large and untapped addressable market" at $4 billion.

• Grindr begins trading on NYSE today after completing business combination with Tiga Acquisition Corp. (TINV)