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Software Acquisition Group III Inc (SWAG)


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Upturn Advisory Summary
10/17/2025: SWAG (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $4.5
1 Year Target Price $4.5
1 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -7.62% | Avg. Invested days 35 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 32.56M 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 2.11 | 52 Weeks Range 0.73 - 2.04 | Updated Date 10/18/2025 |
52 Weeks Range 0.73 - 2.04 | Updated Date 10/18/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.13 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
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 16389229 | Price to Sales(TTM) 0.3 |
Enterprise Value 16389229 | Price to Sales(TTM) 0.3 | ||
Enterprise Value to Revenue 0.15 | Enterprise Value to EBITDA 14.02 | Shares Outstanding 18555366 | Shares Floating 9885186 |
Shares Outstanding 18555366 | Shares Floating 9885186 | ||
Percent Insiders 46.78 | Percent Institutions 5.97 |
Upturn AI SWOT
Software Acquisition Group III Inc

Company Overview
History and Background
Software Acquisition Group III Inc. was a blank check company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It was founded in 2020.
Core Business Areas
- Special Purpose Acquisition Company (SPAC): Software Acquisition Group III Inc. was a SPAC, meaning its primary function was to identify and merge with a private company to take it public. It did not have specific business segments until it completed a merger.
Leadership and Structure
The company was led by Jonathan Huberman as Chairman and CEO. As a SPAC, its structure was designed to facilitate a merger, consisting of a board of directors and management team focused on identifying and acquiring a target company.
Top Products and Market Share
Key Offerings
- N/A (SPAC): As a SPAC, Software Acquisition Group III Inc. did not have its own products or services. Its offering was the potential for investors to participate in the growth of the company it acquired. SPACs do not typically have direct market share in a traditional sense.
Market Dynamics
Industry Overview
The SPAC market involves the formation of shell companies to raise capital through an IPO for the purpose of acquiring an existing private company. Market conditions fluctuate based on investor sentiment, regulatory changes, and the availability of attractive target companies.
Positioning
Software Acquisition Group III Inc's position was that of a SPAC actively seeking a merger target within the software industry. Its competitive advantage hinged on its management team's experience and network in identifying and executing successful acquisitions.
Total Addressable Market (TAM)
The TAM for SPACs depends on the size and attractiveness of potential target companies within the software sector. Since Software Acquisition Group III Inc. did not complete a merger before liquidation, it did not address any specific TAM. The software market TAM is valued in the trillions.
Upturn SWOT Analysis
Strengths
- Experienced Management Team
- Access to Public Capital Markets
- Focus on Software Sector
Weaknesses
- Dependence on Finding Suitable Acquisition Target
- Limited Operating History Before Acquisition
- Potential for Dilution of Shareholder Value
Opportunities
- Growing Demand for Software Solutions
- Increasing Number of Private Software Companies Seeking Public Listing
- Potential for Synergies Through Acquisition
Threats
- Increased Competition Among SPACs
- Regulatory Changes Affecting SPACs
- Unfavorable Market Conditions for Acquisitions
- Failure to Identify and Complete a Suitable Acquisition
Competitors and Market Share
Key Competitors
Competitive Landscape
The competitive landscape for Software Acquisition Group III Inc. involved other SPACs seeking acquisitions in the software industry. Competition was high, and success depended on finding attractive targets and securing favorable terms.
Growth Trajectory and Initiatives
Historical Growth: Growth was contingent on the successful completion of an acquisition. As it liquidated, there was no historical growth related to business operations.
Future Projections: No future projections exist as the company has liquidated.
Recent Initiatives: Recent initiatives focused on identifying and evaluating potential acquisition targets, but were ultimately unsuccessful.
Summary
Software Acquisition Group III Inc. was a SPAC that aimed to merge with a software company but ultimately failed to do so and liquidated. Its strengths lay in its experienced management and access to capital, but its dependence on finding a suitable target proved to be a fatal weakness. The increasing competition and regulatory scrutiny in the SPAC market presented challenges it could not overcome, resulting in its dissolution.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Press Releases
Disclaimers:
This analysis is based on publicly available information and does not constitute financial advice. The information is believed to be accurate but is not guaranteed.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://www.stran.com |
Full time employees 153 | Website https://www.stran.com |
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.

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