COVA Acquisition Corp.
Financials · Blank Checks · E9 · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY21 | FY20 | |
|---|---|---|
| Revenue | — | — |
| Operating income | −$1.8M | −$8,927 |
| Net income | $11.6M | −$8,927 |
| Total assets | $300.9M | $248,611 |
| Total liabilities | $22.8M | $232,538 |
| Equity | −$21.8M | $16,073 |
| EPS (diluted) | — | — |
| Shares out. | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2021- Operating margin
- —
- Net margin
- —
- Return on equity
- −53.1%
- Return on assets
- 3.9%
- Return on capital (ROCE)
- −0.6%
- Liabilities / assets
- 7.6%
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2021- Altman Z″ (distress)
- -1.28distress
- Accruals / assets
- 4.6%clean
- Piotroski F-Score
- 3/5weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 3 severe● 1 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Negative operating cash flow
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 17, 2021
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Cova Acquisition Sponsor Llc10% owner | Dec 20, 2022 | Conversion | 5.3M | — |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer changeDec 21, 2022
- Shareholder vote · Other material eventDec 15, 2022
- Entered a material agreement · New financial obligation · Unregistered equity sale · Regulation FD disclosureMay 26, 2022
- Prior financials not reliable (restatement)Dec 8, 2021
- Delisting / listing-standard notice · Other material eventJun 1, 2021
- Other material eventApr 1, 2021
- Other material eventFeb 16, 2021
- Entered a material agreement · Unregistered equity sale · Amended charter or bylawsFeb 9, 2021
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 15F-12BDec 30, 2022
- 4OWNERSHIP DOCUMENTDec 21, 2022
- 8-KFORM 8-KDec 21, 2022
- 25-NSEDec 20, 2022
- 8-KFORM 8-KDec 15, 2022
- 425Dec 5, 2022
- DEFA14ANov 28, 2022
- 425Nov 21, 2022
- 425Nov 21, 2022
- DEFM14ANov 18, 2022
- 425Nov 14, 2022
- 10-QQUARTERLY REPORTNov 10, 2022
- 425Oct 11, 2022
- 10-QQUARTERLY REPORTAug 10, 2022
- 425May 31, 2022
Event-driven situations (2)
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