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Chardan NexTech Acquisition 2 Corp. - CNTQ

  • Commons

    $10.00

    +0.10%

    CNTQ Vol: 3.3K

  • Warrants

    $0.67

    +0.15%

    CNTQW Vol: 3.0K

  • Units

    $10.38

    +0.58%

    CNTQU Vol: 0.0

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SPAC Stats

Market Cap: 158.1M
Average Volume: 16.5K
52W Range: $9.78 - $10.10
Weekly %: +0.20%
Monthly %: +0.20%
Inst Owners: 0

Info

Target: Searching
Days Since IPO: 116
Unit composition:
of
Trust Size: 10000000.0M

Management

Officers, Directors and Director Nominees Our officers, directors, and director nominees are as follows: Name Position Kerry Propper Co-Founder and Director Nominee (Chairman) Jonas Grossman Co-Founder, Chief Executive Officer, President, Secretary, Treasurer and Director Steven Urbach Chief Financial Officer and Director Nominee Alex Weil Chief Operating Officer and Director Nominee Jonathan Biele Director Nominee Perry Boyle Director Nominee Roderick Hardamon Director Nominee Jory Des Jardins Director Nominee Kerry Propper, 46, is our co-founder and will serve as our Chairman of the board of directors upon the effectiveness of the registration statement of which this prospectus is a part. Mr. Propper was co-founder of Chardan and served as its chief executive officer and head of its investment bank from 2003 to 2015. He is a pioneer in the special purpose acquisition marketplace, as he was the executive vice president and director of the third-ever publicly listed special purpose acquisition company, Chardan China Acquisition Corp., and has been an executive or senior advisor for five additional special purpose acquisition companies. Since 2015 Mr. Propper has been the chairman of Chardan’s board of directors and the co-founder and managing partner of ATW Partners, a growth-focused investment firm. Since the inception of ATW Partners, Mr. Propper has invested approximately $90 million of capital through the ATW Partner’s fund and its affiliated opportunity vehicles across multiple geographies and sectors. Within HealthTech and FinTech, Mr. Propper has an extraordinary track record with 15 investments and average returns of over 100%. He has agreed to serve as chairman of the board of directors of Chardan NexTech Acquisition Corp. Mr. Propper is also the co-chairman of 340B Technologies, a healthcare technology group, and is on the board of China Networks International Holdings, a shell company, and China Cablecom Holdings Ltd., a joint-venture provider of cable television services in the Peoples Republic of China. Mr. Propper dedicates much of his time philanthropy and he is a founding member of Nadia’s Initiative. He also serves on the executive board for Voices of Rwanda, Yazda and Digital Citizens Fund and the board of trustees for the International Crisis Group. Mr. Propper earned his B.A. in Economics and International Studies from Colby College. We believe Mr. Propper is qualified to serve on our board of directors because of his extensive industry and transaction expertise and wide network of relationships with industry participants. Jonas Grossman, 46, is our co-founder and has been our Chief Executive Officer and a member of our board of directors since June 2020 and our President, Secretary, and Treasurer since July 2020. Since July 2020, Mr. Grossman has served as chief financial officer and director of Chardan NexTech Acquisition Corp. Since April 2020, Mr. Grossman has been the chief executive officer and president of Chardan Healthcare Acquisition 2 Corp., a special purpose acquisition company. He was the chief Executive officer and president of Chardan Healthcare Acquisition Corp. from March 2018 until its merger in October 2019 with BiomX (NYSE: PHGE). Mr. Grossman is currently a director of BiomX. He was a co-founder and director for LifeSci Acquisition Corp., a special purpose acquisition company from March 2020 until its merger with Vincera Pharma, Inc. in December of 2020. Since December 2020, Mr. Grossman has served as a director of Ventoux CCM Acquisition Corp., a special purpose acquisition company. He has served as managing partner and head of capital markets for Chardan, a New York headquartered broker/dealer, since December 2003, and has additionally served as president of Chardan since September 2015. Since 2003, Mr. Grossman has overseen the Chardan’s investment banking and capital markets activities and initiatives. He has extensive transactional experience having led or managed more than 400 transactions during his tenure at Chardan. Since December 2006, Mr. Grossman has served as a founding partner for Cornix Advisors, LLC, a New York based hedge fund. From 2001 until 2003, Mr. Grossman worked at Ramius Capital Group, LLC, a global multi-strategy hedge fund where he served as Vice President and Head Trader. Mr. Grossman served as a director for Ideanomics, Inc. (formerly China Broadband, Inc.) (NASDAQ: IDEX) from January 2008 until November 2010. He holds a B.A. in Economics from Cornell University and an M.B.A. from NYU’s Stern School of Business. Mr. Grossman has served on the board of directors for UNICEF since December 2016. We believe Mr. Grossman is qualified to serve on our board of directors because of his long-running capital markets experience as well as his previous company board positions. 104 Steven Urbach, 45, will serve as our Chief Financial Officer and a member of our board of directors upon the effectiveness of the registration statement of which this prospectus is a part. Mr. Urbach has served as chief executive officer of Chardan, a New York headquartered broker/dealer, since March 2003. Mr. Urbach is credited with co-founding Chardan and its focus on disruptive technology. With the help of his partners, executive team, and employees, Chardan has grown into an internationally-recognized investment bank specializing in special purpose acquisition companies, disruptive technology, and Healthcare investment banking. Since December 2006, Mr. Urbach has served as a founding partner of Cornix Advisors, LLC., a New York based multi-strategy hedge fund. Since March 2021, Mr. Urbach has served as chief operating officer of Chardan NexTech Acquisition Corp., and he has agreed to serve on the board of directors. From 2005 until 2008, Mr. Urbach served as a member of the board of director of Origin Agritech, (NASDAQ: SEED). Prior to founding Chardan, Mr. Urbach was a Nasdaq Market Maker for Windsor Capital Advisors from 1999 until 2002 and an analyst at Chase Manhattan Bank from 1997 to 1999. He holds a B.S. in Finance from Ithaca College. We believe Mr. Urbach is qualified to serve as a director based on his extensive transaction experience and wide network of relationships. Alex Weil, 49, will serve as our Chief Operating Officer and a member of our board of directors upon the effective date of the registration statement of which this prospectus is a part. Since March 2021, Mr. Weil has served as chief operating officer of Chardan NexTech Acquisition Corp., and he has agreed to serve on the board of directors. Mr. Weil has served as managing director and co-head of FinTech investment banking at Chardan, a New York headquartered broker/dealer, since March 2020 and as a director of Ventoux CCM Acquisition Corp., a special purpose acquisition company, since December 2020. From January 2018 to March 2020, he served as managing director and head of insurtech investment banking at SenaHill Securities, LLC, a New York headquartered broker/dealer. From January 2013 to September 2017, Mr. Weil was a director at PricewaterhouseCoopers Inc., a network of firms providing assurance, advisory and tax services. Prior to 2012, Mr. Weil held positions as a director at Lazard Middle Market, LLC, an executive director at UBS Securities LLC and a director at Citigroup Global Markets Inc. Mr. Weil holds a B.A. in Business Administration from the University of Colorado, Boulder. We believe Mr. Weil is qualified to serve on our board of directors extensive capital markets and transaction management experience and network of relationships. Jonathan C. “Jon” Biele, 51, has agreed to become a member of our board of directors as of the effective date of the registration statement of which this prospectus is a part. Mr. Biele recently joined PREEM Inc., a vertical technology platform, as head of business and corporate development after a 28-year career in investment banking serving in a variety of leadership roles. Most recently, Mr. Biele served as head of technology and services investment banking after rejuvenating the equity capital markets practice at SunTrust Robinson Humphrey, where he worked from July 2013 to February 2020. During his career, Mr. Biele focused on providing capital markets, strategic and tactical advice to companies, boards of directors, private equity and venture capitalists. In addition to his tenure at SunTrust Robinson Humphrey, Mr. Biele served as head of equity capital markets for Citadel Securities from 2010 to 2013, for Cowen and Co. from 2007 to 2010, and for Lazard Freres from 2005 to 2007, in addition to his contribution in a variety of capacities with the equity capital markets departments of Lehman Brothers, ABN Amro Rothschild, and UBS Securities. In these roles Mr. Biele originated and executed numerous public and private equity and debt financings and provided strategic advice. His vast experience in corporate finance and advisory spans across multiple sectors and asset classes both public and private. In addition to his professional activities, Mr. Biele most recently completed a third term as a trustee of Burke Mountain Academy, a premier ski academy in the United States, and remains the lead investor and advisor to the chief executive officer of inGamba Tours, a luxury cyclo-tourism business. Mr. Biele earned a B.A. in History in 1992 from St. Lawrence University. We believe that Mr. Biele’s vast experience in corporate finance and strategy, in addition to his vast network of relationships, will be an extremely valuable contribution to our board of directors. 105 Perry Boyle, 57, will serve as a member of our board of directors upon the effective date of the registration statement of which this prospectus is a part. Mr. Boyle was with Point72 Asset Management, L.P., or Point 72, and Point 72 affiliates from 2004 through his retirement in March 2020. He helped lead Point72’s launch as a registered investment advisor, raising over $6 billion in external capital. He originally joined S.A.C. Capital Advisors in 2004 as the firm’s first director of research. In January 2013 he became head of equities and, in January 2015, he became head of discretionary investing at Point72. From June 2016 through December 2017 he served as the president and chief investment officer of Stamford Harbor Capital, L.P., a company owned by businessman Steven A. Cohen. He returned to Point72 in January 2018. In his various leadership roles at the firm, Mr. Boyle managed the long/short and macro portfolios. He created and led the firm’s professional development programs, including P72 Academy and the 9s Program, and helped drive the internationalization of the Point72, overseeing offices in London, Hong Kong, Tokyo and Singapore. Prior to joining S.A.C., Mr. Boyle was a founding partner of Thomas Weisel Partners from 2000 until 2004, and a managing director at Alex. Brown & Sons from 1992-2000. He began his career as an investment banker with Salomon Brothers Inc. Mr. Boyle has agreed to serve on the board of directors of Chardan NexTech Acquisition Corp. Mr. Boyle is a member of the advisory board of the Center for a New American Security (CNAS), and a director of The US Friends of the International Institute for Strategic Studies (IISS). He was a 2018 and 2019 delegate from the IISS to the Shangri-La Dialogue in Singapore. He is a council member of the Hoover Institution and a Lionel Curtis member of Chatham House. Mr. Boyle helps lead the annual Ride For Our Vets, the major source of funding for the Connecticut Veterans Legal Center. He received his B.A. in Economics from Stanford University, his M.B.A. from Dartmouth College and a M.A. from the Fletcher School at Tufts University. He has lectured on investing at Brown, Yale, Dartmouth, Harvard, Cambridge and UNC, and delivered testimony to Congress on financial regulation. We believe Mr. Boyle is qualified to serve on our board of directors because of industry leadership and capital markets experience from research to fundraising. Roderick Hardamon, 44, will serve as a member of our board of directors upon the effective date of the registration statement of which this prospectus is a part. Mr. Hardamon has served as chief executive officer of URGE Imprint LLC, a boutique management consulting firm headquartered in Detroit, Michigan, and URGE Development Group, a real estate development firm headquartered in Detroit, Michigan, since May 2016. From July 1998 to March 2016, Mr. Hardamon held various positions at Citigroup, a leading global bank, finally serving as managing director and North American head of Citigroup’s alternative investor services business. From March 2016 to April 2016, Mr. Hardamon briefly served as a managing director at SS&C Technologies, a global provider of services and software for the financial services and healthcare industries. Mr. Hardamon graduated from Morehouse College with B.A.s in accounting and Philosophy in 1998. We believe Mr. Hardamon is qualified to serve on our board of directors because of his extensive experience in business innovation, mergers and acquisitions, and senior executive leadership. Jory Des Jardins, 49, will serve as a member of our board of directors upon the effective date of the registration statement of which this prospectus is a part. Ms. Jardins is the chief marketing officer of The @ Company, a position she has held since 2020. She has also served as VC-in-Residence at the W Fund since 2020. Ms. Jardins recently served as the head of global startup marketing at Amazon Web Services from 2019 to 2020. Before her time at Amazon Web Services, she served as the global head of community at ConsenSys from 2018 to 2019. Ms. Jardins served as an advisor at Tribal Advisors from 2016 to 2018. In 2005, she co-founded BlogHer and served as the company’s president until its acquisition in 2015. Ms. Jardins graduated from the University of Illinois at Urbana-Champaign in 1993 where she studied history, literature, and psychology. We believe that Ms. Jardins is qualified to serve on our board of directors given her exposure to dozens of scaling startups as well as her experience with disruptive technology. Director Independence So long as we obtain and maintain a listing for our securities on Nasdaq, a majority of our board of directors generally must be independent, subject to certain limited exceptions and phase-in period set forth under the rules of Nasdaq. An “independent director” is defined generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship which in the opinion of the company’s board of directors, would interfere with the director’s exercise of independent judgment in carrying out the responsibilities of a director. Our board of directors has determined that each of Messrs. Biele, Boyle and Hardamon and Ms. Jardins, is an “independent director” as defined in the Nasdaq listing standards and applicable SEC rules. We expect a majority of our board of directors to be comprised of independent directors within 12 months from the date of listing to comply with the majority independent board requirement in Rule 5605(b) of the Nasdaq listing rules. Our independent directors will have regularly scheduled meetings at which only independent directors are present. 106 Number and Terms of Office of Officers and Directors We will have eight directors upon completion of this offering. Our board of directors will be divided into two classes with only one class of directors being elected in each year and each class (except for those directors appointed prior to our first annual meeting of stockholders) serving a 2-year term. In accordance with Nasdaq corporate governance requirements, we are not required to hold an annual meeting until one year after our first fiscal year end following our listing on Nasdaq. The term of office of the first class of directors, consisting of Messrs. Biele, Boyle and Hardamon and Ms. Jardins will expire at our first annual meeting of stockholders. The term of office of the second class of directors, consisting of Messrs. Grossman, Urbach, Propper, and Weil, will expire at our second annual meeting of stockholders. We may not hold an annual meeting of stockholders until after we consummate our initial business combination. Subject to the terms of any preferred stock, any or all of the directors may be removed from office at any time, but only for cause and only by the affirmative vote of holders of a majority of the voting power of all then outstanding shares of our capital stock entitled to vote generally in the election of directors, voting together as a single class; Subject to any other special rights applicable to the stockholders, including holders of preferred stock, whenever any director shall have been elected by the holders of any class of stock voting separately as a class, such director may be removed and the vacancy filled only by the holders of that class of stock voting separately as a class. Vacancies caused by any such removal and not filled by the stockholders at the meeting at which such removal shall have been made, or any vacancy caused by the death or resignation of any director or for any other reason, and any newly created directorship resulting from any increase in the authorized number of directors, may be filled by the affirmative vote of a majority of the directors then in office, although less than a quorum, and any director so elected to fill any such vacancy or newly created directorship shall hold office until his or her successor is elected and qualified or until his or her earlier resignation or removal. Our officers are appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to appoint persons to the offices set forth in our bylaws as it deems appropriate. Our bylaws provide that our officers may consist of a Chairman of the Board, Vice Chairmen of the Board, President, Vice Presidents, Secretary, Treasurer, Assistant Secretaries, Assistant Treasurers, and such other offices as may be determined by the board of directors. Officer and Director Compensation None of our officers or directors has received any cash compensation for services rendered to us. Except as described below, to date, no compensation of any kind, including any finder’s fee, reimbursement, consulting fee or monies in respect of any payment of a loan, will be paid by us to our officers and directors, or, other than as described herein, to our sponsor or any affiliate of our sponsor or officers, prior to, or in connection with any services rendered in order to effectuate, the consummation of our initial business combination (regardless of the type of transaction that it is). However, our sponsor will transfer up to 20,000 founder shares to each of our independent directors or we will pay cash fees to such directors, at our discretion. In addition, commencing on the date our securities are first listed on Nasdaq, we will pay an amount equal to $10,000 per month to our sponsor for office space, administrative and shared personnel support services. Also, our officers and directors will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our audit committee will review on a quarterly basis all payments that were made to our sponsor, officers or directors, or our or their affiliates. Any such payments prior to an initial business combination will be made using funds held outside the trust account. Other than quarterly audit committee review of such payments, we do not expect to have any additional controls in place governing our reimburse

Holder Stats

1 0
% of Shares Held by All Insider 17.39%
% of Shares Held by Institutions 0.00%
% of Float Held by Institutions 0.00%
Number of Institutions Holding Shares 0

Institutional Holders

Reporting Date Hedge Fund Shares Held Market Value % of Portfolio Quarterly Change in Shares Ownership in Company
2021-11-16 Oaktree Capital Management LP 225,000 $2,240,000 0.0% 0 1.423%
2021-11-16 Beryl Capital Management LLC 225,228 $2,240,000 0.2% 0 1.424%
2021-11-16 CVI Holdings LLC 350,000 $3,480,000 0.2% 0 2.213%
2021-11-15 Rivernorth Capital Management LLC 12,444 $120,000 0.0% 0 0.079%
2021-11-15 Berkley W R Corp 521,115 $5,180,000 0.3% 0 3.295%
2021-11-15 Marshall Wace LLP 100,736 $1,000,000 0.0% 0 0.637%
2021-11-15 Glazer Capital LLC 8,250 $82,000 0.0% 0 0.052%
2021-11-15 Hudson Bay Capital Management LP 600,000 $5,960,000 0.1% 0 3.794%
2021-11-12 Periscope Capital Inc. 50,000 $500,000 0.0% 0 0.316%
2021-11-12 Weiss Asset Management LP 900,000 $8,950,000 0.2% 0 5.692%
2021-11-12 Wolverine Asset Management LLC 441,904 $4,390,000 0.0% 0 2.795%
2021-11-12 K2 Principal Fund L.P. 325,000 $3,230,000 0.3% 0 2.055%
2021-11-12 Cohanzick Management LLC 5,190 $52,000 0.0% 0 0.033%
2021-11-12 Magnetar Financial LLC 10,111 $100,000 0.0% 0 0.064%
2021-11-10 MMCAP International Inc. SPC 900,000 $8,940,000 0.6% 0 5.692%
2021-11-09 Basso Capital Management L.P. 3,914 $39,000 0.0% 0 0.025%

SEC Filings

Form Type Form Description Filing Date Document Link
10-Q 10-Q 2021-11-15 https://www.sec.gov/Archives/edgar/data/1847986/000141057821000309/cntq-20210930x10q.htm
10-Q FORM 10-Q 2021-09-23 https://www.sec.gov/Archives/edgar/data/1847986/000110465921118858/cntq-20210630x10q.htm
8-K FORM 8-K 2021-08-23 https://www.sec.gov/Archives/edgar/data/1847986/000110465921108573/tm2125667d1_8k.htm
8-K 8-K 2021-08-19 https://www.sec.gov/Archives/edgar/data/1847986/000110465921107786/tm2125243d1_8k.htm
SC 13G FORM SC 13G 2021-08-17 https://www.sec.gov/Archives/edgar/data/1847986/000106299321007639/formsc13g.htm
8-K FORM 8-K 2021-08-13 https://www.sec.gov/Archives/edgar/data/1847986/000110465921105021/tm2125078d1_8k.htm
424B4 424B4 2021-08-12 https://www.sec.gov/Archives/edgar/data/1847986/000110465921104233/tm2118460-11_424b4.htm
3 OWNERSHIP DOCUMENT 2021-08-11 https://www.sec.gov/Archives/edgar/data/1847986/000110465921103127/xslF345X02/tm2124649d7_3.xml
3 OWNERSHIP DOCUMENT 2021-08-11 https://www.sec.gov/Archives/edgar/data/1847986/000110465921103111/xslF345X02/tm2124649d3_3.xml
S-1MEF S-1MEF 2021-08-11 https://www.sec.gov/Archives/edgar/data/1847986/000110465921103102/tm2124803d1_s1mef.htm
EFFECT 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847986/999999999521003123/xslEFFECTX01/primary_doc.xml
3 OWNERSHIP DOCUMENT 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847986/000110465921103073/xslF345X02/tm2124649d9_3.xml
3 OWNERSHIP DOCUMENT 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847986/000110465921103072/xslF345X02/tm2124649d10_3.xml
3 OWNERSHIP DOCUMENT 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847986/000110465921103071/xslF345X02/tm2124649d8_3.xml
3 OWNERSHIP DOCUMENT 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847986/000110465921103070/xslF345X02/tm2124649d6_3.xml
3 OWNERSHIP DOCUMENT 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847986/000110465921103069/xslF345X02/tm2124649d5_3.xml
3 OWNERSHIP DOCUMENT 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847986/000110465921103068/xslF345X02/tm2124649d4_3.xml
3 OWNERSHIP DOCUMENT 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847986/000110465921103067/xslF345X02/tm2124649d2_3.xml
3 OWNERSHIP DOCUMENT 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847986/000110465921103066/xslF345X02/tm2124649d1_3.xml
CERT 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847986/000135445721000919/8A_cert_CNTQ.pdf
8-A12B 8-A12B 2021-08-10 https://www.sec.gov/Archives/edgar/data/1847986/000110465921102670/tm2124648d1_8a12b.htm
CORRESP 2021-08-09 https://www.sec.gov/Archives/edgar/data/1847986/000110465921102249/filename1.htm
CORRESP 2021-08-09 https://www.sec.gov/Archives/edgar/data/1847986/000110465921102244/filename1.htm
S-1/A S-1/A 2021-08-05 https://www.sec.gov/Archives/edgar/data/1847986/000110465921100849/tm2118460-9_s1a.htm
S-1/A S-1/A 2021-08-03 https://www.sec.gov/Archives/edgar/data/1847986/000110465921099104/tm2118460-7_s1a.htm
S-1/A S-1/A 2021-07-23 https://www.sec.gov/Archives/edgar/data/1847986/000110465921095469/tm2118460d4_s1a.htm
S-1/A S-1/A 2021-07-14 https://www.sec.gov/Archives/edgar/data/1847986/000110465921091769/tm2118460d2_s1a.htm
CORRESP 2021-07-13 https://www.sec.gov/Archives/edgar/data/1847986/000110465921091773/filename1.htm
UPLOAD 2021-06-17 https://www.sec.gov/Archives/edgar/data/1847986/000000000021007508/filename1.pdf
S-1/A S-1/A 2021-06-04 https://www.sec.gov/Archives/edgar/data/1847986/000110465921077162/tm2118460d1_s1a.htm
S-1/A S-1/A 2021-04-09 https://www.sec.gov/Archives/edgar/data/1847986/000110465921048248/tm2112475d1_s1a.htm
CORRESP 2021-04-08 https://www.sec.gov/Archives/edgar/data/1847986/000110465921048249/filename1.htm
UPLOAD 2021-04-01 https://www.sec.gov/Archives/edgar/data/1847986/000000000021003940/filename1.pdf
S-1/A S-1/A 2021-03-10 https://www.sec.gov/Archives/edgar/data/1847986/000110465921033988/tm218972d2_s1a.htm
S-1 FORM S-1 2021-03-08 https://www.sec.gov/Archives/edgar/data/1847986/000110465921033384/tm218972d1_s1.htm