Petra Acquisition is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses. Co.'s focus is on identifying opportunities in the cannabis industry including domestic and international businesses that are ancillary to the production, distribution and sale of cannabis as well as businesses that legally cultivate, process and/or aid in the retail distribution of cannabis. We show 4 historical shares outstanding datapoints in our PAIC shares outstanding history coverage, used to compute PAIC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PAIC market cap history over the course of time is important for investors
interested in comparing PAIC'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 PAIC versus a peer is one thing; comparing
PAIC 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 PAIC can fluctuate over the course of history.
With this page we aim to empower investors researching PAIC by allowing them to research the PAIC market cap history. |
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Video: The Importance of Market Cap
