MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

Acamar Partners Acquisition Corp.(ACAM) operates as a blank check company.

References in this report (the “Quarterly Report”) to “we,””us” or the “Company” refer to NASDAQ: ACAM at https://www.webull.com/quote/nasdaq-acam references to our “management” or our “management team” refer to our officers and directors, references to the “Sponsor” refer to Acamar (ACAM) Partners Sponsor I LLC.

For the three months ended March 31, 2020, we had a net income of $11,236, which consisted of interest income on marketable securities held in the Trust Account of $1,185,986, offset by operating costs of $936,005 and a provision for income taxes of $238,745.

For the three months ended March 31, 2019, we had a net income of $406,165, which consists of interest income on marketable securities held in the Trust Account of $651,492, offset by operating costs of $119,100 and a provision for income taxes of $126,227.

Until the consummation of the Initial Public Offering, the Company’s only source of liquidity was an initial purchase of Class B common stock by the Sponsor and an advance and loans from our Sponsor.

On February 26, 2019, we consummated the Initial Public Offering of 30,000,000 Units at a price of $10.00 per Unit, generating gross proceeds of $300,000,000. Simultaneously with the closing of the Initial Public Offering, we consummated the sale of 6,000,000 Private Placement Warrants to the Sponsor at a price of $1.50 per unit, generating gross proceeds of $9,000,000.

On April 9, 2019, in connection with the underwriters’ election to the partial exercise of their option to purchase additional Units, we consummated the sale of an additional 557,322 Units and the sale of an additional 74,310 Private Placement Warrants, generating total gross proceeds of $5,684,685.

Following the Initial Public Offering, including the exercise of the option to purchase additional units and the sale of the Private Placement Warrants, a total of $305,573,220 was placed in the Trust Account. We incurred $17,437,018 in transaction costs, including $6,111,465 of underwriting fees, $10,695,063 of deferred underwriting fees and $630,490 of other costs, inclusive of $111,465 in cash underwriting fees and $195,063 of additional deferred underwriting fees incurred upon the underwriters’ election to partially exercise their option to purchase additional Units on April 9, 2019. If you are new to stock market and do not know what is buying on margin definition, you can check at stock trading app. Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

3 comments to MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

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