Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Rumble Inc.'s second quarter 2025 earnings call showcased both opportunities and challenges for the company, reflecting its ongoing efforts to grow and diversify its business model.</li><li>The company's activity in mergers and acquisitions (M&A) has been notable, with a potential acquisition of Northern Data, an AI and high-performance computing solutions provider.</li><li>Although the transaction is not finalized, it is intended to bolster Rumble's growth and its existing cloud business by leveraging GPU-as-a-Service and data center power.</li></ul>

Rumble Inc.'s second quarter 2025 earnings call showcased both opportunities and challenges for the company, reflecting its ongoing efforts to grow and diversify its business model.The company's activity in mergers and acquisitions (M&A) has been notable, with a potential acquisition of Northern Data, an AI and high-performance computing solutions provider.Although the transaction is not finalized, it is intended to bolster Rumble's growth and its existing cloud business by leveraging GPU-as-a-Service and data center power.

Rumble’s Northern Data Deal Is A $1.17 Billion AI Power Grab—What’s At Stake

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

<ul><li>Short Rumble with a price target of $0.90 per share, representing an 88% downside</li><li>Despite recent partnerships and market cap boost, company faces challenges like negative cash flow, declining user numbers, and inexperienced management</li><li>Investment is risky due to technical factors like limited available shares and high borrowing costs, advises monitoring stock performance and adjusting position sizes based on upcoming election结果</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Short Rumble with a price target of $0.90 per share, representing an 88% downsideDespite recent partnerships and market cap boost, company faces challenges like negative cash flow, declining user numbers, and inexperienced managementInvestment is risky due to technical factors like limited available shares and high borrowing costs, advises monitoring stock performance and adjusting position sizes based on upcoming election结果This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

SPAC Deep Dive, subSPAC

subSPAC

SPAC Deep Dive

Each week we’ll identify and break down for you SPACs that are capturing market share and making an impact.

<ul><li>No matter which side of the political aisle you may stand in, it isn't a big secret that free speech issues such as social media censorship and de-platforming largely dominate political conversations in recent years.</li><li>Big Tech, for its part, has largely looked to keep a fine balance between content moderation &amp; preventing misinformation spreading, but users from both ends of the political spectrum seem dissatisfied with how far/not far tech is willing to go to police content.</li><li>Amidst this chaos, some have focused on building platforms that are a censorship-free alternative to big-tech, primarily targeting conservatives as an audience.</li></ul>

No matter which side of the political aisle you may stand in, it isn't a big secret that free speech issues such as social media censorship and de-platforming largely dominate political conversations in recent years.Big Tech, for its part, has largely looked to keep a fine balance between content moderation &amp; preventing misinformation spreading, but users from both ends of the political spectrum seem dissatisfied with how far/not far tech is willing to go to police content.Amidst this chaos, some have focused on building platforms that are a censorship-free alternative to big-tech, primarily targeting conservatives as an audience.

Independent Research, SPACs, SPAC Track

SPAC Track

Independent Research, SPACs

Equity Capital Markets

Atlantic Coastal Acquisition / Equity Capital Markets

<ul><li>Atlantic Coastal Acquisition Corporation (ACAH: warrants +19.10%) &amp; Essentium (Valuation: $974M EV)</li><li>Broadscale Acquisition Corp. (SCLE: warrants +15.24%) &amp; Voltus (Valuation: $816M EV)</li><li>CF Acquisition Corp. VI (CFVI) &amp; Rumble (Valuation: $816M EV)</li></ul>

Atlantic Coastal Acquisition Corporation (ACAH: warrants +19.10%) &amp; Essentium (Valuation: $974M EV)Broadscale Acquisition Corp. (SCLE: warrants +15.24%) &amp; Voltus (Valuation: $816M EV)CF Acquisition Corp. VI (CFVI) &amp; Rumble (Valuation: $816M EV)

Rumble in the SPAC Jungle with 3 deals today

United States

Rumble Inc. operates an online video network platform. The Company offers platform designed to help content creators manage, distribute, and monetize their content by connecting them with brands and publishers, as well as directly to their subscribers and followers. Rumble serves customers worldwide.

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Rumble (RUM US)

Rumble’s Northern Data Deal Is A $1.17 Billion AI Power Grab—What’s At Stake

Rumble Inc.'s second quarter 2025 earnings call showcased both opportunities and challenges for the company, reflecting its ongoing efforts to...

Baptista Research

Rumble Inc (RUM) - Sunday, Mar 17, 2024

Despite recent partnerships and market cap boost, company faces challenges like negative cash flow, declining user numbers, and inexperienced...

Value Investors Club (VIC)

Ending Big Tech Censorship

Amidst this chaos, some have focused on building platforms that are a censorship-free alternative to big-tech, primarily targeting conservatives as...

subSPAC

Rumble in the SPAC Jungle with 3 deals today

Atlantic Coastal Acquisition Corporation (ACAH: warrants +19.10%) & Essentium (Valuation: $974M EV). Broadscale Acquisition Corp. (SCLE: warrants...

SPAC Track

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