PropTech Acquisition Corp
Company Overview
PropTech Acquisition Corporation was a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. The company has since completed its business combination with Porch Group, Inc. (NASDAQ: PRCH) in December 2020.
After the merger, PTAC ceased to exist as a separate entity and Porch Group became the surviving public company. Investors should note that any current analysis should be directed towards Porch Group (PRCH) rather than PTAC.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $111.2m | $101.8m | - | $-11900000.0 | 0.00% | 11.69% |
| June 30, 2024 | $110.84m | $173.65m | - | $10.33m | 0.00% | 5.95% |
| March 31, 2024 | $115.44m | $156.01m | - | $5.9m | 0.00% | 3.78% |
Company Impact
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