PROOF Acquisition I is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. We show 6 historical shares outstanding datapoints in our PACI shares outstanding history coverage, used to compute PACI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PACI market cap history over the course of time is important for investors
interested in comparing PACI'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 PACI versus a peer is one thing; comparing
PACI 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 PACI can fluctuate over the course of history.
With this page we aim to empower investors researching PACI by allowing them to research the PACI market cap history. |
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Video: The Importance of Market Cap
