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SWAGW
Upturn stock ratingUpturn stock rating

Software Acquisition Group Inc. III Warrant (SWAGW)

Upturn stock ratingUpturn stock rating
$0.01
Last Close (24-hour delay)
upturn advisory
PASS
  • 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

04/09/2025: SWAGW (1-star) is currently NOT-A-BUY. Pass it for now.

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

Analysts rated it

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

1 Year Target Price $0

1 Year Target Price $0

Analysts Price Target For last 52 week
$0Target price
Low$
Current$0.01
high$

Analysis of Past Performance

Type Stock
Historic Profit -50%
Avg. Invested days 21
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
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 04/09/2025

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 -

Analyst Ratings

Rating -
Target Price -
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Software Acquisition Group Inc. III Warrant

stock logo

Company Overview

overview logo History and Background

Software Acquisition Group Inc. III was a special purpose acquisition company (SPAC) formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. As a SPAC, it existed primarily to find a suitable target company to take public. The warrants provided the holder the option to purchase shares of the underlying common stock. Software Acquisition Group III completed it's planned merger with Novibet in January 2024. The common stock now trades under the name Novibet (NVBT) and the warrants now trade as NVBTW. It was founded to seek a business combination in the software industry.

business area logo Core Business Areas

  • SPAC Formation: Software Acquisition Group Inc. III was formed as a blank check company, with no specific business operations of its own. It was created solely to raise capital and acquire an existing business. As a SPAC, the firm does not have traditional business segments and existed to merge with another business which in this case was Novibet.

leadership logo Leadership and Structure

A SPAC, like Software Acquisition Group Inc. III, is typically led by a management team with experience in mergers and acquisitions, and the industry the SPAC is targeting. The leaders have experience in taking companies public and operating in software and technology. Once the merger with Novibet took place, the management team of that company took over and the original leadership group stepped aside.

Top Products and Market Share

overview logo Key Offerings

  • Warrants (NVBTW): The warrants provided the holder the option to purchase shares of the underlying common stock. This option had a specified exercise price and expiration date. The warrants allowed investors to participate in the potential upside of a business combination. At the time of the de-SPAC, there were no direct competitors to the warrants themselves; the value was tied to the performance of the underlying equity and the overall market sentiment towards de-SPAC transactions. The common stock now trades under the name Novibet (NVBT) and the warrants now trade as NVBTW. The warrants are now tied to the future performance of Novibet.

Market Dynamics

industry overview logo Industry Overview

The SPAC market was characterized by high levels of activity, followed by a cooling period as regulatory scrutiny increased. Post-merger, the success of a de-SPAC transaction depends on the target company's ability to execute its business plan and deliver growth. Currently the SPAC market is in a slow down.

Positioning

Software Acquisition Group Inc. III was positioned to identify and acquire a high-growth software company. However, success was contingent on identifying the correct target, negotiation favorable terms and achieving positive performance after the merger.

Total Addressable Market (TAM)

The TAM of the software industry is vast, covering all software and software services provided across the entire global market. The firm had a broad scope that allowed it to seek a business combination in the software industry.

Upturn SWOT Analysis

Strengths

  • Experienced management team
  • Access to capital through public markets
  • Flexibility in deal structure

Weaknesses

  • Dependence on finding suitable target
  • Potential for shareholder dilution
  • Market volatility impacting valuation

Opportunities

  • Growing demand for software solutions
  • Potential for acquisitions at attractive valuations
  • Expansion into new markets

Threats

  • Increased regulatory scrutiny of SPACs
  • Competition from other SPACs
  • Economic downturn impacting target company's performance

Competitors and Market Share

competitor logo Key Competitors

  • DKNG
  • PDYPY
  • ENT

Competitive Landscape

The warrants (NVBTW) are tied to the gaming and sports betting industry which includes some of the above competitors.

Growth Trajectory and Initiatives

Historical Growth: Growth of the SPAC was determined by the success of the target company (Novibet) post-merger.

Future Projections: Future projections are dependent on the performance of Novibet and the overall market conditions for software companies.

Recent Initiatives: The primary recent initiative was the successful completion of the business combination with Novibet.

Summary

Software Acquisition Group Inc. III served as a blank-check company, completing its merger with Novibet in January 2024 and its warrants now trading as NVBTW. Success hinged on identifying and merging with a high-growth company, but its performance is now tied to Novibetu2019s execution. The SPAC market faced increased regulatory scrutiny which complicated the success of its initial plans. Now, Novibet must perform in the online gaming sector amid intense competition. Thus its a moderately strong company based on the combination, but is subject to the normal risks.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC filings
  • Company press releases
  • Financial news sources

Disclaimers:

This analysis is for informational purposes only and should not be considered investment advice. Market conditions and company performance can change rapidly. Consult with a qualified financial advisor before making any investment decisions.

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 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
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.