AACO SEC filings, in plain English
Everything Abony Acquisition I has filed with the SEC that we hold — 26 filings, newest first, 24 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: Form 10-Q (Quarterly Report). Abony Acquisition Corp. I filed a routine quarterly update covering the six months ended June 30, 2026. Management reported that the Trust Account balance rose to $232,871,546, translating to approximately $10.12 per public share, funded primarily by $2,871,546 in interest income that covered the $482,809 incurred in formation, general and administrative costs. The company disclosed that it has not selected any Business Combination target and has engaged in no substantive acquisition discussions. Why it matters: Verifies standard pre-combination capital preservation mechanics, confirming that accrued interest alone sustains the remaining operational runway ($1,174,280 cash on hand plus unencumbered trust interest) through the final half of the statutory search period. The disclosure reinforces that the Sponsor remains aligned via standard waivers of redemption and liquidation rights, while the elimination of founder share forfeiture removes dilution uncertainty.
What changed vs 2026-05-11trust $230.8M → $232.9M +1%trust account, sponsor loans outstanding, redeemable shares1 moved · 2 with no prior record of ours
- Trust account
- $230.8M$232.9M
- Sponsor loans outstanding
- $303K · unchanged
- Redeemable shares
- 23.0M · unchanged
SpacBrain reads this as $2,043,160 was added to the trust between the two filings.
The clause “Deferred offering costs 351,275 Prepaid insurance long term 38,054 Investments held in Trust Account 232,871,546 Total Assets $ 234,196,999 $ 391,275 Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders”…
The clause …“of $ 124,790 under the Promissory Note. As of February 20, 2026, there was $ 302,954 outstanding under the Promissory Note, which was fully settled simultaneously with the closing of the Initial Public Offering. Borrowings under the”…
The clause …“were 695,000 of Class A ordinary shares issued and outstanding (excluding 23,000,000 shares subject to possible redemption). At December 31, 2025, there were no Class A ordinary shares issued and outstanding. Class B Ordinary Shares”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Schedule 13G Joint Filing Agreement. FIRST: This document is a routine compliance exhibit—a joint filing agreement executing a Schedule 13G beneficial ownership report under Rule 13d-1(k) for Abony Acquisition I. THEN: Regarding redemption deadlines, trust value, extensions, deal progress, and sponsor conduct, the filing bears no mechanical impact. According to the joint agreement, it reports no amendments to the stated February 19, 2028 expiration, leaves the $10.12 per-share trust value unchanged, introduces no extension proposals, records zero target meetings or pipeline milestones, and shows no shift in sponsor behavior beyond standard institutional monitoring. The filing simply attests that Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman jointly signed the Statement as of May 13, 2026, reflecting their beneficial ownership positions as of March 31, 2026. THEN: In terms of other substance, the exhibit contains no claims regarding customer concentration, revenue streams, addressable market size, strategic pivots, proprietary technology, commercial partnerships, pending litigation, or executive compensation. Per the attached document, it exclusively identifies David J. Snyderman as Administrative Manager and authorizes Hayley Stein to act as Attorney-in-fact on behalf of the four signatory entities. Why it matters: Investors tracking SPAC lifecycle mechanics should note this is a static reporting snapshot rather than a structural update. Because the filing explicitly relies on the existing March 31, 2026 reporting cutoff and attaches no Schedule 13D amendment or proxy materials, the Magnetar-affiliated vehicles do not currently seek board representation, trigger a tender offer, or pressure management to accelerate a de-SPAC transaction before the February 19, 2028 deadline. With the $10.12 trust balance unaltered and no extension vote scheduled, capital preservation remains governed by the original prospectus terms. Future filings will dictate whether this holder group transitions from passive reporting to active deal facilitation.
What changed: A Schedule 13G joint acquisition statement exhibit (Exhibit 99.1) acknowledging that Adage Capital Management, L.P., Robert Atchinson, and Phillip Gross are jointly filing a beneficial ownership report. The filing reports zero movements regarding the public offering’s redemption timeline, trust per-share balance, extension voting, business combination search, or sponsor conduct. It contains only a procedural acknowledgment by the named holders that they share joint filing obligations under Rule 13d-1(k) and will collectively manage future amendments to the underlying Schedule 13G. Why it matters: For shareholders evaluating whether to redeem shares, vote on a proposed extension, or monitor target-deal traction, this document offers no new operational, financial, or timeline data. It solely confirms the joint reporting relationship among Adage Capital Management, L.P., Robert Atchinson, and Phillip Gross, functioning as a standard regulatory housekeeping filing rather than a substantive update to the SPAC’s developmental or liquidity profile.
What changed: 10-Q Quarterly Report. The company completed its Initial Public Offering on February 20, 2026, selling 23,000,000 Units at $10.00 per Unit ($230,000,000 gross), including full exercise of the 3,000,000-unit over-allotment option. Simultaneously, it raised $6,950,000 from 695,000 Private Placement Units purchased by the Sponsor and BTIG, LLC. As of March 31, 2026, the Trust Account holds $230,828,386, establishing a preliminary redemption value of $10.04 per share. The company recorded $282,307 in general and administrative expenses against $828,386 in interest income, yielding $546,079 in net income. Key mechanics updated include a maximum of $1,500,000 in available convertible working capital loans and a fixed warrant exercise price of $11.50. Why it matters: Confirms full trust capitalization and establishes the baseline public shareholder redemption floor, while documenting explicit sponsor alignment through direct equity purchases. Codifies foundational deal mechanics by locking founder share release triggers (activated only if the closing price reaches $12.00 for 20 out of 30 days post-combination or upon a qualifying liquidity event), setting statutory warrant registration deadlines (within 60 days post-business combination), and verifying the company remains in the pre-target search phase with typical operating burn rates. This directly shapes investor strategy regarding trust value preservation, management incentive alignment, and the structural timeline between current liquidity and eventual redemption or combination.
What changed: A Form 8-K Current Report filed on April 8, 2026, disclosing the commencement of separate trading for the company's Class A ordinary shares and redeemable warrants. No alterations to the redemption deadline, trust valuation, extension provisions, or business combination status. The filing announces a standard administrative procedure permitting unit holders to bifurcate their initial public offering positions into underlying equity and derivatives starting on or about April 13, 2026. Why it matters: This procedural step increases secondary market liquidity for individual security components but carries no weight on the sponsor's mandatory search timeline, which remains anchored at the original February 19, 2028 expiration. According to the press release issued by the company, the initial public offering wrapped up on February 20, 2026, with a gross issuance of 23,000,000 units. This total absorbed 3,000,000 units disbursed after the underwriter completely exercised an overallotment option. Executive leadership states, via the attached corporate communication signed by Chief Financial Officer and Chief Operating Officer Leo Kofman, that acquisition efforts will persistently target businesses carrying an aggregate enterprise value of approximately $750 million to $1.5 billion or more, specifically within defense technology, advanced computing, software, and media verticals. The detachable warrants retain their contractual exercise price of $11.50 per share, a term codified in the Securities Act registration declaration marked effective January 30, 2026. Shareholders seeking to split their holdings are directed to coordinate exclusively with transfer agent Continental Stock Transfer & Trust Company, as outlined in the registrant's formal guidance.
What changed: This document is an Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Following the reporting period, the registrant states that its initial public offering closed on February 20, 2026, depositing $230,000,000 ($10.00 per unit) into a trust account administered by Continental Stock Transfer Trust Company. The stated completion window is 24 months from that IPO closing, establishing a redemption deadline of February 20, 2028, with the prospect of extending that timeline up to 36 months from the IPO closing (February 20, 2029) subject to shareholder approval. As of the fiscal year-end and throughout the filing period, the company had not identified any target business nor entered into substantive discussions regarding a de-SPAC transaction. Regarding sponsor conduct, Abony Sponsor I LLC paid $25,000 for 7,666,667 founder shares and purchased 465,000 private placement units at $10.00 per unit for $4,650,000, while BTIG purchased 230,000 private placement units for $2,300,000. The sponsor, officers, and directors contracted to waive their redemption and liquidation distribution rights from the trust account concerning their founder and private placement shares. Non-managing sponsor investors obtained membership interests reflecting ownership of 3,320,000 founder shares, and the company executed an administrative services agreement committing to pay $25,000 per month beginning February 18, 2026. Why it matters: The $230,000,000 trust deposit defines the baseline pool for public share redemptions and activates Nasdaq’s rule requiring any completed business combination to carry an aggregate fair market value of at least 80% of the trust account’s value. The filing notes that underwriters retain $8,050,000 in deferred commissions within the trust, payable exclusively upon business combination completion, which structurally aligns underwriter incentives with deal execution. The sponsor’s founder share acquisition cost of approximately $0.003 per share, paired with the $4,675,000 aggregate private placement outlay, creates asymmetric economic upside, positioning the sponsor to recover its full investment even if post-combination equity trades near $0.57 per share. Beyond these mechanics, the company discloses zero cybersecurity risk management protocols due to its early-stage blank-check status, details comprehensive warrant exercise and redemption mechanics triggering at $18.00, and formally adopts a compensation recovery policy effective March 27, 2026. All dollar amounts, share counts, and dates are drawn directly from the registrant’s disclosures and subsequent event notes.
What changed: Form 8-K Current Report and audited balance sheet confirming the consummation of Abony Acquisition Corp. I’s initial public offering and simultaneous private placement on February 20, 2026. Per the registrant's disclosure, the company sold 23,000,000 units at $10.00 per unit, generating $230,000,000 in gross proceeds, following the underwriters’ full exercise of a 3,000,000-unit over-allotment option. The filing states that simultaneously, Abony Sponsor I LLC purchased 465,000 private placement units and BTIG, LLC purchased 230,000 private placement units at $10.00 per unit, yielding $6,950,000 in additional proceeds. According to the auditor's report, $230,000,000 was deposited into a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, which includes $8,050,000 of the underwriters’ deferred commission. The balance sheet records $1,426,035 in operating cash and $1,468,028 in working capital post-closing. Management disclosed total transaction costs of $13,314,254, allocated as $4,600,000 cash underwriting discount, $8,050,000 deferred underwriting discount, and $664,254 other offering costs. The company confirmed a 24-month completion window measured from the February 20, 2026 closing, fixing a February 20, 2028 liquidation deadline unless shareholders vote to amend the charter. The registrant also reported that 7,666,667 Class B ordinary shares were issued, with 1,000,000 shares permanently retained because the over-allotment option was fully exercised. Additionally, the filing documents a $25,000 per month administrative services agreement with a sponsor affiliate beginning February 18, 2026, and notes the sponsor’s contractual indemnification obligation to restore the trust if third-party claims reduce it below the lesser of $10.00 per public share or the actual per-share trust amount. Why it matters: This filing locks in the post-IPO structural parameters that govern all future redemption and deal mechanics. By confirming the $230,000,000 trust deposit across 23,000,000 public shares, it establishes the baseline pool for shareholder redemptions and sets the initial per-share expectation at $10.00, though the registrant emphasizes the amount fluctuates with interest and tax releases. The explicit 24-month completion window removes timeline uncertainty and defines the hard deadline by which public shareholders face automatic redemption if no business combination closes. Disclosure of the $8,050,000 deferred underwriting fee payable solely upon completion of a business combination clarifies a future mandatory cash outflow that will reduce net trust value at deal closure. The $25,000 monthly sponsor affiliate fee and $1,426,035 in outside-trust operating cash define the liquidity cushion available to fund due diligence and legal expenses before the business combination, while the sponsor’s indemnification clause outlines residual liability risk for public shareholders if trust assets are impaired by external claims. Finally, the warrant specifications—7,666,667 public and 231,667 private warrants, each exercisable at $11.50 thirty days post-combination, expiring five years after completion, and subject to a $18.00 redemption trigger—establish the separate derivative instrument trading alongside the Class A ordinary shares and define potential dilution scenarios unrelated to the primary redemption calendar.
What changed: SEC Form 4 — insider ownership report. This filing records a 2026-02-20 open-market purchase by Director and Chief Executive Officer Lorne Abony of 465,000 shares, resulting in direct post-transaction holdings of 465,000 shares. It confirms no adjustments to core mechanics: the trust holds $10.12 per share, the business combination deadline remains 2028-02-19, and the SPAC retains SEARCHING status. Why it matters: For tracking sponsor conduct and shareholder alignment, the executive’s publicly reported purchase during the search phase functions as a disclosed signal of personal capital commitment, though it does not modify trust distribution math, redemption cut-offs, or extension triggers. Regarding additional substance, the document contains no assertions regarding customer pipelines, revenue forecasts, total addressable market sizing, target screening strategy, intellectual property portfolios, joint ventures, regulatory or civil litigation, or executive staffing shifts; all reported details are attributed exclusively to the filing executive as submitted, and no figures were computed, rounded, or imported beyond the explicitly documented 465,000 shares acquired, 465,000 shares held after, $10.12 trust/share, and 2028-02-19 deadline.
What changed: Form 4 — Insider Ownership Report. Abony Sponsor I LLC executed an open-market purchase of 465,000 shares on 2026-02-20, resulting in a post-transaction beneficial ownership of exactly 465,000 shares. Why it matters: The sponsor’s secondary-market accumulation shifts insider positioning during the SEARCHING phase, which may signal management conviction or provide liquidity, but the transaction does not modify the reported $10.12 trust value per share, the 2028-02-19 combination deadline, or any redemption mechanics. The filing discloses no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel; all data points and actions are attributed exclusively to the Form 4 submission by Abony Sponsor I LLC.
What changed: A Joint Filing Agreement attached to a Schedule 13G beneficial ownership report, submitted pursuant to Rule 13d-1(k) under the Securities Exchange Act of 1934. The filing excerpt discloses no change in beneficial ownership, voting power, or redemption mechanics. It solely consolidates the reporting obligations of four affiliated parties—Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Siu Min Wong—onto a single Schedule 13G dated February 20, 2026. The document records that Saul Ahn executed the agreement on behalf of all signatories, citing a Power of Attorney dated June 10, 2019. Why it matters: For investors tracking redemption deadlines, trust value, extensions, deal progress, and sponsor conduct, this procedural attachment indicates routine administrative housekeeping rather than active portfolio adjustment or deal pursuit. Because the joint filing agreement contains no share counts, voting percentages, or statements of investment purpose, it does not signal whether these holders intend to redeem, convert, or hold their positions before the February 19, 2028 deadline. Monitoring the accompanying main Schedule 13G remains necessary to verify actual equity stakes and detect any material shifts in blockholder behavior as the search period advances.
What changed: Form 8-K Current Report and accompanying exhibits documenting the closing of the Company's initial public offering and simultaneous private placement, including definitive contracts (Underwriting Agreement, Warrant Agreement, Investment Management Trust Agreement, Letter Agreement, Registration Rights Agreement, Private Placement Units Purchase Agreements, Services Agreement) and press releases. According to Item 1.01 and the press release dated February 20, 2026, the Company consummated its IPO on February 20, 2026, selling 23,000,000 units (including 3,000,000 from a fully exercised over-allotment) at $10.00 per unit for $230,000,000 in gross proceeds. Concurrently, Item 3.02 and Exhibit 10.4 confirm a private placement of 695,000 units to the Sponsor and Representative for $6,950,000. Item 8.01 and Exhibit 10.2 state that $230,000,000 ($10.00 per public unit) was deposited into the Trust Account with Continental as trustee. Exhibit 1.1 reserves up to $8,050,000 in deferred underwriting commissions in the trust, forfeitable if no business combination occurs. Section 1.5 of the Underwriting Agreement notes approximately $1,600,000 in proceeds plus private placement funds will fund working capital. The press release outlines a target strategy focusing on companies with an aggregate enterprise value of approximately $750 million to $1.5 billion in defense technology, advanced computing, software, and media. Item 5.02 and Exhibit 10.6 identify Lorne Abony as Chief Executive Officer and appoint Leo Kofman as CFO/COO, with the Company obligated to pay the Sponsor $25,000 per month for his services until business combination or liquidation. The Articles establish a 24-month completion window from IPO closing. The Company reports no pending litigation or material adverse changes. Why it matters: The filing officially sets the Trust Account balance at $230,000,000 and explicitly defines the per-share trust allocation as $10.00, establishing the precise baseline for future redemption valuations. It codifies the 24-month operating period relative to the February 20, 2026 closing, fixing the automatic liquidation and mandatory redemption deadline near February 20, 2028. The deferred underwriting commission structure ($8,050,000) and $1,600,000 working capital deployment directly impact net distributable trust value and operational runway. The publicly stated target valuation range ($750 million to $1.5 billion enterprise value) and sector focus supply concrete screening criteria for the merger search phase. Furthermore, the executed letter and private placement agreements enforce lock-up periods, waive sponsor/underwriter trust claims, and grant registration rights that will dictate post-closing equity circulation and institutional liquidity windows.
What changed: Initial public offering prospectus (424B4) for Abony Acquisition Corp. I, registering the sale of 20,000,000 Units at $10.00 per Unit, each composed of one Class A ordinary share and one-third of one redeemable warrant. Redemption deadline established at 24 months from the closing of this offering. Trust account holds $200.0 million, or $230.0 million if the underwriters’ 45-day overallotment option is exercised in full, maintained at Continental Stock Transfer Trust Company. Why it matters: The filing discloses strategic parameters, leadership credentials, and sponsor alignment mechanisms without confirming any target. The company intends to pursue acquisition targets with an aggregate enterprise value of approximately $750 million to $1.5 billion or more in defense technology, advanced computing, software, and media sectors.
What changed: Form 8-A for registration of certain classes of securities pursuant to Section 12(b) of the Securities Exchange Act of 1934, formally registering units, Class A ordinary shares, and redeemable warrants for listing on The Nasdaq Stock Market LLC. The filing registers the SPAC’s public instruments for Nasdaq trading. According to the document, each unit consists of one Class A ordinary share with a par value of $0.0001 and one-third of one redeemable warrant. Whole warrants carry an explicit exercise price of $11.50. Why it matters: This is a standard post-offering listing registration that enables secondary market trading of AACO’s publicly issued units, shares, and warrants. It confirms the contractual warrant strike price of $11.50 without altering the stated SEARCHING status, the reported $10.12 per-share trust balance, or the February 19, 2028 business combination deadline.
What changed: Form 3 initial statement of beneficial ownership, classified as a routine compliance exhibit filed under Section 16(a) of the Securities Exchange Act. Reporting person Jacob Michael Silverstein (director) stated there are no non-derivative transactions or holdings to report. Consequently, there are no adjustments to the redemption calendar, the $10.12 per share trust balance, extension triggers, deal progress, or sponsor conduct for the 2028-02-19 deadline. Why it matters: This baseline filing confirms the director holds no reported common stock positions. According to the filer, the absence of insider equity eliminates any disclosed personal financial incentive to accelerate a business combination or influence redemption outcomes at this stage. Investors tracking trust preservation, extension mechanics, and sponsor alignment will note this as standard administrative upkeep with no strategic pivots, customer claims, revenue metrics, technology disclosures, partnership announcements, litigation references, or personnel changes beyond the reported directorship.
What changed: Form 3 – Initial Statement of Beneficial Ownership of Securities by an Insider, a routine compliance exhibit disclosing the baseline equity position of Director Cole Allan H. Jr. for Abony Acquisition Corp. I. Director Cole Allan H. Jr. reported no non-derivative transactions or reported holdings as of the filing date. Why it matters: The absence of disclosed acquisitions or disposals delivers no signal regarding sponsor conduct, directional positioning ahead of the February 19, 2028 redemption deadline, or traction toward a business combination. With zero reported insider equity movement, there are no implications for redemption mechanics, warrant dilution math, or early indications of a target negotiation. No customers, revenue figures, market size estimates, technology claims, partnership announcements, or litigation details were included in the report.
What changed: A routine compliance exhibit — specifically, a Form 3 initial statement of beneficial ownership filed on 2026-02-03 under SEC accession [0001213900-26-011764] by Abony Sponsor I LLC on behalf of Abony Acquisition Corp. I. The filing states there are 'No non-derivative transactions or holdings reported.' It leaves the SPAC’s declared SEARCHING status, its combination deadline of 2028-02-19, and its reported trust value of $10.12 per share entirely unaffected. Why it matters: For investors monitoring redemption calendars, extension triggers, and sponsor conduct, this baseline report confirms the sponsor—which self-reports a 10% ownership stake—has not acquired or disposed of shares, eliminating near-term signals of capital deployment, buy-in accumulation, or liquidity support. The document contains no substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. As such, it functions solely as a regulatory checkbox confirming continuous ownership tracking during the pre-combination window, with no independent predictive value for deal progress or cash distribution mechanics.
What changed: This document is a routine compliance exhibit: a Form 3 insider ownership report (SEC file 0001213900-26-010402) for Abony Acquisition Corp. I, filed by director Eric R. Ludwig. According to Director Ludwig’s Form 3 submission, the report lists no non-derivative transactions or holdings. This bears on your tracked mechanics by confirming zero insider equity movement relative to the 2028-02-19 redemption deadline and the $10.12 trust value; the filing contains no updates on extension triggers, merger negotiations, sponsor conduct, or deal progress. On other substance, the report includes no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel, nor does it announce new contractual terms or capital call notices. Why it matters: Even without transactional activity, the filing matters because it establishes a verifiable baseline of insider silence ahead of the February 2028 redemption window. Investors relying on the $10.12 trust floor should note the absence of director purchases that might otherwise signal confidence during the SEARCHING phase, meaning timing decisions for tenders or extensions must await substantive target disclosures or 8-K updates rather than derived from this submission. The clean report eliminates speculation about off-ledger accumulation or sudden governance shifts until the next periodic filing.
What changed: SEC Form 3 — Statement of Changes in Beneficial Ownership (insider ownership report). This filing is a routine insider ownership disclosure for Abony Acquisition Corp. I submitted by Leo Kofman, who is identified in the report as CFO and COO. The submission explicitly states 'No non-derivative transactions or holdings reported,' meaning there are no updates to executive equity positions, trust allocations, redemption trigger mechanics, extension pathways, or sponsor conduct recorded in this cycle. Why it matters: For investors tracking SPAC capital structure and pre-merger governance, Forms 3 serve as baseline accountability markers when insiders take office or when trust/distribution frameworks shift. By documenting zero activity, this filing confirms that the CFO and COO have not adjusted their personal stake relative to the company's SEARCHING status or the initial business combination timeline. While the report does not alter redemption windows, adjust trust distribution mathematics, or provide commentary on deal pipeline progress, it establishes an auditable record of neutral executive positioning ahead of target acquisition. Continued monitoring of subsequent Forms 4 will remain essential to detect whether leadership accumulates shares to signal conviction, sells to manage personal liquidity, or exercises warrants/options that could affect public float and over-allotment dynamics.
What changed: Form 3 — insider ownership report. According to the Form 3 filed on 2026-01-30 under identifier [0001213900-26-010405], the SEC report discloses no non-derivative transactions or holdings for Abony Lorne. The filing itself identifies Lorne as a director, Chief Executive Officer, and 10% owner of Abony Acquisition Corp. I. The document does not modify the SPAC’s search status, leaves the $10.12 per-share trust value untouched, maintains the 2028-02-19 business combination deadline, and contains no references to sponsor conduct, redemption procedures, or deal progression. Why it matters: This routine compliance exhibit confirms that Abony Lorne reported zero equity movements during the covered period. Because it functions solely as an initial or periodic ownership disclosure without transaction activity, it offers no new mechanics for investors tracking redemption windows, trust distributions, extension votes, or acquisition milestones. The filing serves as a standard transparency record with no impact on AACO’s capital structure, timeline, or operational trajectory.
What changed: Amendment No. 1 to Form S-1 Registration Statement for Abony Acquisition Corp. I, functioning as a SPAC IPO prospectus accompanied by definitive agreements including the Underwriting Agreement, Amended and Restated Memorandum and Articles of Association, Warrant Agreement, Registration Rights Agreement, Indemnity Agreement, Private Placement Units Purchase Agreement, Investment Management Trust Agreement, and Letter Agreement. This filing establishes the IPO mechanics: a 24-month completion window for a business combination, extendable by shareholder vote up to a maximum of 36 months, triggering mandatory liquidation and cash redemption thereafter. It sets a 15% redemption limit for single shareholder groups during vote-based redemptions, locks up founder shares for six months post-combination (or until $12.00/share closes for 20/30 days), and requires sponsor Abony Sponsor I LLC to forfeit up to 1,000,000 Class B ordinary shares if the underwriters do not fully exercise their over-allotment option. It codifies waivers of redemption and liquidating distribution rights from the trust account for all founder and private placement units held by sponsors and insiders, while preserving rights to assets outside the trust account. The sponsor has committed $25,000 for 7,666,667 founder shares and $6,350,000 for 635,000 private placement units simultaneously with the offering. Why it matters: It defines the economic asymmetry between public investors and the sponsor, where the nominal $0.003 per share founder share cost creates severe dilution and misaligned incentives for completing deals. Management claims a target enterprise value of approximately $750 million to $1.5 billion or more, focusing on defense technology, advanced computing, software, and media. CEO Lorne Abony asserts historical success scaling public companies to over $750 million in annual revenue and leading a $2.4 billion sale to Electronic Arts Inc., while CFO/COO Leo Kofman claims advising on over $10 billion in capital raises, including over $1.5 billion in SPAC-related PIPE financings. The document discloses extensive external affiliations and concurrent fiduciary duties across multiple entities—including board seats at Callers.ai, SEEQC, Einride AB, and sports investments—necessitating broad renouncements of corporate opportunities under Cayman Islands law to mitigate conflicts of interest. It imposes an 80% fair market value acquisition threshold and designates the courts of the Cayman Islands as the exclusive forum for internal affairs disputes.
What changed: A CORRESP correspondence submitting a formal request to the SEC Division of Corporation Finance to accelerate the effective date of Abony Acquisition Corp. I’s Registration Statement on Form S-1 (File No. 333-292465) pursuant to Rule 461 of the Securities Act. BTIG, LLC as representative of the underwriters joined the Company’s request to set the prospectus effective date at 5:00 p.m. ET on January 30, 2026. Through January 29, 2026, the underwriters confirmed distribution of printed and electronic copies of the preliminary prospectus dated January 28, 2026. Why it matters: While this filing discloses no specific trust allocation formula, redemption price caps, or extension voting thresholds, it confirms the underwriting syndicate structure and establishes the January 28, 2026 prospectus as the baseline disclosure document. Investors tracking the current trust valuation should note that the actual net proceeds deposited per share remain unconfirmed until IPO closing; until then, the trust account balance trajectory cannot be calculated.
What changed: A routine Securities and Exchange Commission correspondence (CORRESP) requesting acceleration of the effectiveness of Form S-1 Registration Statement File No. 333-292465. Nothing mechanical has shifted: the redemption calendar, trust balance ($10.12 per share), and business combination deadline (February 19, 2028) remain untouched. Chief Executive Officer Lorne Abony, signing on behalf of the Registrant, submits a procedural request that the SEC Division of Corporation Finance accelerate the registration statement’s effectiveness to January 30, 2026, at 5:00 P.M. Why it matters: Investors monitoring a SEARCHING-stage SPAC should recognize this as an administrative capital markets update rather than a developmental inflection point. The registrant makes no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or future sponsor conduct beyond naming Lorne Abony as Chief Executive Officer and authorizing Stephen P. Alicanti of DLA Piper LLP (US) to act as counsel.
What changed: SEC Division of Corporation Finance correspondence denying review of a Form S-1 Registration Statement. The SEC staff advised Chief Executive Officer Lorne Abony that it has not reviewed and will not review the registration statement filed December 29, 2025. The letter cites Rules 460 and 461 regarding acceleration requests and explicitly reminds the company and its management that they remain solely responsible for the accuracy and adequacy of disclosures. Why it matters: For investors tracking redemption calendars, trust accounting, deal progress, or sponsor conduct, the filing indicates standard procedural administration rather than a substantive shift in timeline or capital structure. The SEC maintained that its non-review does not absolve management of disclosure obligations, while providing contact information (Pam Howell at 202-551-3357) for administrative inquiries. The document contains no statements regarding customers, revenue projections, market sizing, technology, partnerships, litigation, or strategic targets.
What changed: Registration Statement on Form S-1 and accompanying prospectus for an initial public offering of units. This filing establishes the SPAC’s foundational mechanics ahead of target identification. According to the filed prospectus, $200,000,000 (scaling to $230,000,000 if underwriters fully exercise the over-allotment option) will be placed into a trust account at $10.00 per share. As stated in the document, public shareholders possess redemption rights triggered upon business combination consummation or approval of charter amendments to extend the timeline. The company has until 24 months from closing to complete an initial business combination, with management disclosing that extensions may last up to 36 months if approved by shareholders. Sponsor Abony Sponsor I LLC acquired 7,666,667 founder shares for approximately $0.003 per share and committed to purchasing 435,000 private placement units for $4,350,000 concurrently with the offering. The filing details that the sponsor will receive monthly payments of $25,000 for office space and chief financial officer services until consummation or liquidation. Regarding deal progress, the registration statement confirms that management 'has not selected any business combination target' and 'has not... initiated any substantive discussions' with any candidate. Why it matters: This document codifies the exact liquidity parameters and incentive structures that will drive shareholder outcomes once a transaction surfaces. The filed prospectus fixes the initial trust redemption floor at $10.00 per share (adjusted for taxes and up to $100,000 in dissolution expenses) and caps the operational runway at 36 months, eliminating uncertainty around the liquidation calendar. The sponsor’s nominal founder share purchase price, combined with anti-dilution clauses that allow greater-than-one-to-one conversion ratios upon subsequent equity issuances, structurally concentrates upside among insiders while exposing public subscribers to pro forma net tangible book values as low as $(0.36) per share under maximum redemption scenarios, according to the filing’s dilution tables. The fixed $25,000 monthly cash draw and deferred underwriting commissions totaling $7,000,000 (or $8,050,000 with over-allotment), which release only upon deal completion, financially motivate management to prioritize speed over valuation discipline. Because the company targets entities with enterprise values of $750,000,000 to $1,500,000,000 in defense technology, advanced computing, software, or media, and currently reports zero active negotiations, the immediate commercial significance lies in locking in the redemption thresholds, voting quorum requirements (a quorum requires only one-third of outstanding shares), and sponsor control mechanisms that will dictate whether public capital remains trapped or exits upon a de-SPAC event.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.