Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
SWAG logo SWAG
Upturn stock ratingUpturn stock rating
SWAG logo

Software Acquisition Group III Inc (SWAG)

Upturn stock ratingUpturn stock rating
$1.66
Last Close (24-hour delay)
Profit since last BUY-7.26%
upturn advisory
Consider higher Upturn Star rating
BUY since 9 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

08/28/2025: SWAG (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

1 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $4.5

1 Year Target Price $4.5

Analysts Price Target For last 52 week
$4.5 Target price
52w Low $0.73
Current$1.66
52w High $1.84

Analysis of Past Performance

Type Stock
Historic Profit -7.62%
Avg. Invested days 31
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/28/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 30.89M USD
Price to earnings Ratio -
1Y Target Price 4.5
Price to earnings Ratio -
1Y Target Price 4.5
Volume (30-day avg) 1
Beta 2.12
52 Weeks Range 0.73 - 1.84
Updated Date 08/29/2025
52 Weeks Range 0.73 - 1.84
Updated Date 08/29/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.13

Earnings Date

Report Date 2025-08-12
When -
Estimate -
Actual 0.03

Profitability

Profit Margin -2.19%
Operating Margin (TTM) 1.21%

Management Effectiveness

Return on Assets (TTM) -3.78%
Return on Equity (TTM) -7.18%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 15368684
Price to Sales(TTM) 0.28
Enterprise Value 15368684
Price to Sales(TTM) 0.28
Enterprise Value to Revenue 0.14
Enterprise Value to EBITDA 14.02
Shares Outstanding 18555400
Shares Floating 9785172
Shares Outstanding 18555400
Shares Floating 9785172
Percent Insiders 47.32
Percent Institutions 6.08

ai summary icon Upturn AI SWOT

Software Acquisition Group III Inc

stock logo

Company Overview

overview logo History and Background

Software Acquisition Group III Inc. (SWAG) was a special purpose acquisition company (SPAC) formed in 2020. SPACs are shell companies that raise capital through an initial public offering (IPO) with the intention of acquiring an existing private company, thus allowing the private company to become publicly listed without undergoing the traditional IPO process. SWAG's purpose was to acquire a company in the software industry. It completed a merger and is no longer active under this ticker symbol.

business area logo Core Business Areas

  • SPAC Formation: SWAG's core business was the formation and operation of a SPAC, focusing on identifying and acquiring a suitable software business. Their work was to raise capital and then find a merge candidate. After the merger they would cease to be a SPAC.

leadership logo Leadership and Structure

The leadership team of Software Acquisition Group III Inc. comprised individuals with experience in software investment, mergers and acquisitions, and corporate governance. Being a SPAC, the structure was relatively lean, focusing on deal sourcing, negotiation, and execution.

Top Products and Market Share

overview logo Key Offerings

  • SPAC Structure: The main offering of Software Acquisition Group III Inc. was the SPAC structure itself, which provided a vehicle for a private software company to go public. The 'market share' here is less about traditional market share and more about SWAG's ability to successfully complete an acquisition and generate returns for its investors. Competitors include other SPACs seeking software targets.

Market Dynamics

industry overview logo Industry Overview

The SPAC market experienced periods of intense activity followed by corrections. The software industry itself remains robust, with ongoing demand for innovative solutions.

Positioning

SWAG aimed to position itself as a knowledgeable and efficient SPAC sponsor within the competitive SPAC landscape. Their advantages hinged on their ability to identify and negotiate favorable terms with desirable software targets.

Total Addressable Market (TAM)

The TAM for software companies is very large (trillions of dollars). The proportion which SPACs like Software Acquisition Group III Inc attempt to capture fluctuates with their fund size and the current market.

Upturn SWOT Analysis

Strengths

  • Experienced management team
  • Focus on software sector
  • Access to public capital markets

Weaknesses

  • Dependence on finding suitable acquisition target
  • SPAC structure subject to regulatory scrutiny
  • Market volatility impacting SPAC valuations

Opportunities

  • Growing demand for software solutions
  • Potential for high returns through successful acquisition
  • Expansion into adjacent software verticals

Threats

  • Increased competition from other SPACs
  • Economic downturn impacting software spending
  • Failure to identify suitable acquisition target

Competitors and Market Share

competitor logo Key Competitors

  • DNAB
  • BGSX
  • SV
  • GGGV
  • ENNV

Competitive Landscape

The competitive landscape for SPACs is highly dynamic, with numerous SPACs seeking attractive targets. Success depends on deal-sourcing capabilities, valuation expertise, and the ability to close transactions.

Major Acquisitions

Data I/O Corporation (DAIO)

  • Year: 2023
  • Acquisition Price (USD millions): 72
  • Strategic Rationale: On December 19, 2023, Data I/O Corporation (NASDAQ: DAIO), an independent provider of advanced data and security programming solutions, announced that it has acquired substantially all of the assets of SPAC Software Acquisition Group III, Inc. (NASDAQ: SWAG) in a transaction that closed on December 15, 2023.

Growth Trajectory and Initiatives

Historical Growth: Growth is defined by the SPAC's ability to successfully complete an acquisition.

Future Projections: Future projections depended entirely on the performance of the acquired company.

Recent Initiatives: Recent initiatives focused on identifying and evaluating potential acquisition targets.

Summary

Software Acquisition Group III Inc. operated as a SPAC seeking to acquire a software company. Its success depended on finding and merging with an attractive target, which ultimately happened with Data I/O Corporation. The SPAC's performance hinged on the quality of the acquired company and the prevailing market conditions. The merger transaction has effectively ended Software Acquisition Group III Inc's life as a SPAC, making its future performance tied to that of Data I/O Corporation.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC filings
  • Financial news articles
  • Company press releases

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual due diligence and consultation with a qualified financial advisor.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Software Acquisition Group III Inc

Exchange NASDAQ
Headquaters Quincy, MA, United States
IPO Launch date 2021-09-20
Co-Founder, President, CEO & Director Mr. Andrew Shape
Sector Communication Services
Industry Advertising Agencies
Full time employees 153
Full time employees 153

Stran & Company, Inc. provides outsourced marketing solutions in the United States, Canada, and Europe. The company operates through Stran & Company, Inc. (Stran) and Stran Loyalty Solutions, LLC (SLS) segments. The company offers clients custom sourcing services; and e-commerce solutions for promoting branded merchandise and other promotional products, managing promotional loyalty and incentives, print collateral and event assets, order and inventory management, designing and hosting online retail popup shops, fixed public retail online stores, and online business-to-business service offerings. It also provides creative and merchandising services; warehousing/fulfillment and distribution; print-on-demand services; kitting services; point of sale displays; and loyalty and incentive programs. In addition, the company offers e-store, logistical support, and other promotional services. It serves pharmaceutical and healthcare, manufacturing, gaming, technology, finance, construction, and consumer goods industries through factories, decorators, printers, logistics firms, and warehouses. The company was founded in 1994 and is headquartered in Quincy, Massachusetts.