FinServ Acquisition Corp. (Matza Robert)
#77 of 11750/100 from 2 resolved vehicles (1 closed, 1 failed), 29% of the raw 51 after small-sample shrink. Confidence: low.
Sponsor DNA
what has happened before, with its sample size- Completion rate—n=2 resolved vehiclesderived
- Liquidation rate—n=2 resolved vehiclesderived
- Median post-close return—n=0 priced completed deSPACsderived
- Median redemption—n=0 redemption events with a stated ratederived
- Deals terminated0terminated dealscounted
- Extension votes on record2extension votescounted
2 of 6 statistics carry a figure for this sponsor. A rate is published from 3 resolved vehicles and a median from 3 observations: two points have no middle, and a rate over two can only be 0, 50 or 100. Counts have no threshold — a count is an observation, not an estimate.
Everything marked derived is arithmetic we did to rows we hold, not a figure any filing states.
What this panel will not tell you, and why (6)›
Score breakdown
every component, what it measured, and what it could not- Deal completion20% weightn=250/100
1/2 resolved vehicles closed a deal (50%); 1 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
- Liquidation / termination drag16% weightn=250/100
1 liquidation and 0 terminations across 2 vehicles raised → 50% attrition (terminations 1.25×, stale shells 0.75×).
- Post-close outcome quality40% weightnot measurable
Not measurable: 1 completed deSPAC, none with an honest post-close price (1 no stored price). A missing price means "bought out at a price no free feed carries" as often as "collapsed", so it is held neutral and never guessed.
Held at the neutral 50 across its full 40% weight — missing data is never scored as a failure, but it never earns credit either.
- Redemption behaviour10% weightnot measurable
2 redemption event(s) on file but none state a rate — not measurable, held neutral.
Held at the neutral 50 across its full 10% weight — missing data is never scored as a failure, but it never earns credit either.
- Extension reliance8% weightn=267/100
2 extension votes across 2 in-DB vehicles (1.0 per vehicle; 3+ scores zero).
- Live fleet vs trust6% weightnot measurable
No priced live vehicle — held neutral.
Held at the neutral 50 across its full 6% weight — missing data is never scored as a failure, but it never earns credit either.
- Measured weak recordflat penaltynot measurable
No measured prior-vehicle outcome — the weak-record rule cannot engage (absence of data is never a penalty).
How the number is built: weighted mean of the six components above = 51, then pulled 71% of the way back to the neutral 50 for small sample size (2 resolved vehicles) = 50.
3 components are not measurable for this sponsor (post-close outcome quality, redemption behaviour, live fleet vs trust) — 56% of the weight is a neutral placeholder rather than evidence. That is why the confidence chip reads low.
How the Sponsor Score worksoutcome-first weighting
The score answers one question: did this sponsor make money for the people who held through the merger? Not “did they get a deal signed”. Those are different questions, and most sponsor rankings quietly answer the second one.
So post-close outcome quality carries 40% — the realised return of every prior vehicle we can price from a primary filing, measured against the $10.00 trust baseline. Deal completion carries 20%, and it is gated: closing deals that ended below trust value only earns part of the completion credit, because closing is a precondition for a return, not a return. Liquidation and termination drag takes 16%, redemption behaviour 10%, extension reliance 8%, and what the tape says about the live fleet just 6% — a quote is an opinion, not evidence.
A component with no data is never guessed. It is held at the neutral 50 across its full weight and labelled “not measurable”. Dropping it and re-weighting the rest would quietly reward a sponsor for having no verifiable record — exactly backwards. The consequence: a sponsor with no post-close evidence at all cannot read above 71, and cannot be labelled a strong operator no matter how many deals it closed.
Experience never inflates the score. There is no “years in business” component. A first-time sponsor sits at exactly 50 and reads “unproven” with low confidence — new is not bad. Sample size only pulls a score toward or away from that neutral 50, so nobody is called great or terrible on one vehicle.
Every input is a row already in the database, sourced from SEC primary filings: prior vehicles verified on EDGAR, redemption results read out of 8-Ks, prices from public feeds. The arithmetic is deterministic — no model, no LLM, no judgement call. Research tooling, not investment advice.
Current fleet
the vehicles running today- FSRVFinServ Acquisition Corp.—Closed (deSPAC)→ Katapult Holdings, Inc.
- FSRXFinserv Acquisition Corp. II—Liquidated
Data provenance & audit trail1 internal entry
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
Grouped from primary Section-16 data. In-DB vehicles: FSRV, FSRX — linked because they share a Section-16 officer (or the same sponsor-LLC CIK), not because their names rhyme. No prior blank-check vehicle found for this team — a first-time sponsor on the Section-16 record. Candidates whose EDGAR history was ambiguous were left out rather than guessed.
The Sponsor Score is a deterministic research heuristic over primary-sourced rows — never a recommendation, and never a prediction. It cannot tell you whether this sponsor’s next deal will work; it tells you, precisely and with its own uncertainty attached, what the last ones did.