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Software Acquisition Group Inc. III Warrant (SWAGW)
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Upturn Advisory Summary
12/04/2025: SWAGW (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -77.14% | Avg. Invested days 6 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/04/2025 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 2.04 | 52 Weeks Range 0.01 - 0.02 | Updated Date 05/27/2025 |
52 Weeks Range 0.01 - 0.02 | Updated Date 05/27/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -4.37% | Operating Margin (TTM) -1.87% |
Management Effectiveness
Return on Assets (TTM) -5.95% | Return on Equity (TTM) -12.17% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 9812772 |
Shares Outstanding - | Shares Floating 9812772 | ||
Percent Insiders - | Percent Institutions - |
Upturn AI SWOT
Software Acquisition Group Inc. III Warrant
Company Overview
History and Background
Software Acquisition Group Inc. III was a blank check company (SPAC) formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It completed a business combination with Nogin, Inc. The warrants, symbol SOWC.WS, represent the right to purchase shares of common stock of Nogin, Inc. Software Acquisition Group Inc. III was founded in 2020.
Core Business Areas
- Warrants: The warrants (SOWC.WS) give the holder the right to purchase shares of the common stock of Nogin, Inc. at a predetermined price. This segment's value is entirely dependent on the underlying performance of Nogin.
Leadership and Structure
Since Software Acquisition Group Inc. III merged with Nogin, the leadership and structure is effectively that of Nogin, Inc. The warrants are simply a derivative financial instrument.
Top Products and Market Share
Key Offerings
- Warrants (SOWC.WS): These warrants allow the holder to purchase shares of Nogin, Inc. common stock. Their market share depends entirely on Nogin's performance and its equity value. Therefore, there are no direct competitors to the warrants, but indirect competitors are other investment opportunities in the market. Warrant prices are dependent on Nogin's success.
Market Dynamics
Industry Overview
The industry related to these warrants is the broader financial market for derivative instruments and the retail technology sector related to Nogin, Inc.'s operations. The market is very competitive and influenced by factors such as interest rates, market sentiment, and Nogin's financial health.
Positioning
The warrants' value is tied directly to Nogin, Inc.'s performance. Their competitive advantage is limited as their value is contingent on Nogin's ability to compete successfully in its own market.
Total Addressable Market (TAM)
The TAM for Nogin, Inc. is the total market value in e-commerce platform technology and solutions which is multi billions of USD. SOWC.WS warrants are positioned as a derivative play on Nogin's ability to capture a significant portion of this TAM.
Upturn SWOT Analysis
Strengths
- Potential for leveraged gains if Nogin, Inc. performs well
- Fixed exercise price provides defined upside potential
Weaknesses
- Dependent on Nogin, Inc.'s performance and stock price
- Warrants have an expiration date, reducing their value over time
- Highly speculative and volatile
Opportunities
- Nogin, Inc.'s expansion into new markets or product lines
- Positive industry trends benefiting Nogin, Inc.
Threats
- Nogin, Inc.'s failure to achieve growth targets
- Increased competition in Nogin, Inc.'s market
- Unfavorable market conditions negatively impacting Nogin, Inc.'s stock price
Competitors and Market Share
Key Competitors
- NOGN
Competitive Landscape
The warrants themselves do not compete directly with other entities. However the underlying Nogin, Inc. does.
Growth Trajectory and Initiatives
Historical Growth: Warrant value growth mirrors the performance of the underlying Nogin, Inc. stock.
Future Projections: Warrant value is projected based on analysts' estimates of Nogin, Inc.'s future growth.
Recent Initiatives: Recent initiatives of Nogin, Inc. directly affect the warrant's value.
Summary
Software Acquisition Group Inc. III warrants (SOWC.WS) are highly speculative financial instruments whose value is entirely dependent on the performance of Nogin, Inc. While they offer the potential for significant returns if Nogin performs well, they also carry substantial risk due to their dependence on a single company and their expiration date. Investors should carefully consider Nogin's financial health and market position before investing in these warrants. Nogin needs to demonstrate solid financial results and positive market momentum for the warrants to generate positive returns.
Similar Stocks
Sources and Disclaimers
Data Sources:
- SEC Filings
- Financial News Outlets
- Analyst Reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions. The information is based on publicly available data and analyst estimates, which are subject to change.
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 Inc. III Warrant
Exchange NASDAQ | Headquaters Quincy, MA, United States | ||
IPO Launch date 2021-09-21 | 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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