Ascendant Digital Acquisition is a newly organized blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Co.'s primary focus is to identify, acquire and operate a business within interactive (digital) entertainment, film/television, music, print and digital books (including magazine and comics publications), e-sports, live events and other forms of consumer entertainment sector and enabling services and technologies. We show 4 historical shares outstanding datapoints in our ACND shares outstanding history coverage, used to compute ACND market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ACND market cap history over the course of time is important for investors
interested in comparing ACND's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ACND versus a peer is one thing; comparing
ACND market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ACND can fluctuate over the course of history.
With this page we aim to empower investors researching ACND by allowing them to research the ACND market cap history. |
Free ACND Email Alerts:
Video: The Importance of Market Cap
