Form 10-Q - Quarterly report [Sections 13 or 15(d)]

26 Capital Acquisition Corp - Class A

Announcement: ADER 10-Q Quarterly Report

Form 8-K - Current report - Item 1.01 Item 2.03 Item 3.02 Item 9.01

CONVERTIBLE NOTE, DATED APRIL 28, 2023 AND ISSUED TO 26 CAPITAL HOLDINGS LLC

Announcement: ADER 8-K Special Filing

Part 1: Performance Analysis

26 Capital Acquisition Corp. is a recently formed special purpose acquisition company (SPAC) that completed its initial public offering on November 20, 2020. The company's focus is on identifying and acquiring businesses in the sports, media, and entertainment sectors. As the company has not yet completed any business combination, financial analysis is limited to the period ended December 31, 2020.

During this period, the company had $43,957,476 in cash and cash equivalents, which primarily represent the proceeds from its initial public offering. The company had no revenue or expenses during this period, resulting in a net loss of $69,262 due to general and administrative expenses such as underwriting fees, legal, accounting, and other expenses related to offering preparation costs.

Part 2: Forward-Looking Analysis

26 Capital Acquisition Corp.'s focus on the sports, media, and entertainment sectors is timely given the growing demand for live sports and entertainment following the COVID-19 pandemic attributable to pent-up demand. Sports betting is also an industry that has seen significant growth over the recent years. Factors such as legalized sports betting and ease of access to different sports via streaming media are fueling growth in these areas.

Furthermore, the company's leadership team is experienced in media and sports with Jonathan Ledecky as Chairman and Scott Cannizzaro as CEO, who has held various high-level positions in the media industry at companies such as Disney, MTV Networks, and Viacom. In a recent interview, Cannizzaro stated that "We are excited about the opportunity to work with the management team, boards, and stakeholders of target companies to drive growth and enhance value creation, leveraging our extensive relationships, experience, domain expertise, and our unique access to opportunities in the sports, media and entertainment segments."

However, the competition in these sectors is intense, and the company will need to navigate significant competition from established giants such as Disney, ViacomCBS, and Live Nation. Additionally, the uncertainty of the ongoing COVID-19 impacts on businesses cannot be ignored.

In conclusion, 26 Capital Acquisition Corp. has a strong leadership team, an attractive focus on growth areas in the sports, media, and entertainment sectors, and access to a sizable amount of capital. However, the company will need to identify an ideal target company for its business combination and compete with already established companies. Investors' risks include not identifying a suitable acquisition target or that the target underperforms.    Overall, the company has potential, and its success will depend on its ability to identify target companies successfully, navigate competition, and capture opportunities present in its industry.

Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]

26 Capital Acquisition Corp: An Exciting Bet for Sports & Media Investors?

CONVERTIBLE NOTE, DATED MARCH 30, 2023 AND ISSUED TO 26 CAPITAL HOLDINGS LLC

Form 8-K - Current report - Item 2.03 Item 9.01

Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]

Announcement: ADER 10-Q Quarterly Report

Announcement: ADER 10-Q Quarterly Report

Announcement: ADER 8-K Special Filing

Announcement: ADER 8-K Special Filing

26 Capital Acquisition Corp: An Exciting Bet for Sports & Media Investors?

26 Capital Acquisition Corp: An Exciting Bet for Sports & Media Investors?

Announcement: ADER 8-K Special Filing

Announcement: ADER 8-K Special Filing

Announcement: ADER 8-K Special Filing

Announcement: ADER 8-K Special Filing

Announcement: ADER SC 13G/A Statement of acquisition of beneficial ownership by individuals - amendment

Announcement: ADER SC 13G/A Statement of acquisition of beneficial ownership by individuals - amendment