TortoiseEcofin Acquisition Corp. III is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. We show 9 historical shares outstanding datapoints in our TRTL shares outstanding history coverage, used to compute TRTL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TRTL market cap history over the course of time is important for investors
interested in comparing TRTL'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 TRTL versus a peer is one thing; comparing
TRTL 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 TRTL can fluctuate over the course of history.
With this page we aim to empower investors researching TRTL by allowing them to research the TRTL market cap history. |
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Video: The Importance of Market Cap
