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Software Acquisition Group Inc. III Warrant (SWAGW)



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Upturn Advisory Summary
04/09/2025: SWAGW (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $0
1 Year Target Price $0
0 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -50% | Avg. Invested days 21 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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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 - |
Upturn AI SWOT
Software Acquisition Group Inc. III Warrant
Company Overview
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.
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 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
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
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
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.
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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