AAQC SEC filings, in plain English
Everything Accelerate Acquisition Corp. has filed with the SEC that we hold — 40 filings, newest first, 1 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: Accelerate Acquisition Corp. called a special meeting for December 15, 2022 at 9:30 a.m. Eastern at the offices of Kirkland & Ellis in Houston on three linked proposals: eliminating the redemption limitation and permitting removal of up to $100,000 of trust interest for dissolution expenses, changing the termination date from March 22, 2023 to December 15, 2022, and a matching trust amendment. The stated purpose is to enable the company to wind up and redeem all outstanding public shares no later than December 30, 2022 by ceasing all operations except for winding up. Why it matters: Removing the redemption limitation is what allows every public share to be cashed out rather than only enough to preserve $5,000,001 of net tangible assets, so the wind-up can be complete rather than partial. The December 30, 2022 outside date is chosen so redemptions finish before the 1% excise tax on repurchases begins on January 1, 2023, preserving roughly one percent of the payout. Holders receive the trust amount net of taxes and the dissolution reserve, with no further deal exposure.
- What changed vs 2022-08-09trust $400.4M → $402.1M +0%
trust account, combination deadline, going-concern doubt1 moved · 2 with no prior record of ours
- Trust account
- $400.4M$402.1M
- Combination deadline
- 2023-03-22 · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $1,726,805 was added to the trust between the two filings.
The clause …“expenses 293,318 670,169 Total Current Assets 871,019 1,607,323 Investments held in Trust Account 402,119,954 400,031,275 TOTAL ASSETS $ 402,990,973 $ 401,638,598 LIABILITIES, CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND”…
The clause …“their Public Shares in conjunction with any such amendment. The Company will have until March 22, 2023 to complete a Business Combination (the “Combination Period”). If the Company is unable to complete a Business Combination within”…
The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” the Company may not have sufficient funds available to complete a Business Combination. Management has determined that the liquidity”…
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 vs 2022-05-11trust $400.1M → $400.4M +0%
trust account, combination deadline, going-concern doubt1 moved · 2 with no prior record of ours
- Trust account
- $400.1M$400.4M
- Combination deadline
- 2023-03-22 · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $328,405 was added to the trust between the two filings.
The clause …“expenses 450,601 670,169 Total Current Assets 1,105,360 1,607,323 Investments held in Trust Account 400,393,149 400,031,275 TOTAL ASSETS $ 401,498,509 $ 401,638,598 LIABILITIES, CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND”…
The clause …“about an Entity’s Ability to Continue as a Going Concern,” the Company has until March 22, 2023, to consummate a Business Combination. It is uncertain that the Company will be able to consummate a Business Combination by this”…
The clause …“Business Combination not occur, and potential subsequent dissolution, raises substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities”…
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 vs 2021-11-04trust $400.0M → $400.1M +0%going concern APPEARED
trust account, going-concern doubt, combination deadline2 moved · 1 with no prior record of ours
- Trust account
- $400.0M$400.1M
- Going-concern doubt
- not statedstated
- Combination deadline
- 2023-03-22 · unchanged
SpacBrain reads this as $43,701 was added to the trust between the two filings.
The clause …“expenses 534,135 670,169 Total Current Assets 1,180,217 1,607,323 Investments held in Trust Account 400,064,744 400,031,275 TOTAL ASSETS $ 401,244,961 $ 401,638,598 LIABILITIES, CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“Business Combination not occur, and potential subsequent dissolution, raises substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities”…
The clause …“about an Entity’s Ability to Continue as a Going Concern,” the Company has until March 22, 2023, to consummate a Business Combination. It is uncertain that the Company will be able to consummate a Business Combination by this”…
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 vs 2021-08-03trust $400.0M → $400.0M +0%deadline 2023-03-31 → 2023-03-22
trust account, combination deadline, redeemable shares2 moved · 1 with no prior record of ours
- Trust account
- $400.0M$400.0M
- Combination deadline
- 2023-03-312023-03-22
- Redeemable shares
- 35.7Mnot matched in this filing
SpacBrain reads this as $10,083 was added to the trust between the two filings.
The clause …“Assets 1,978,155 — Deferred offering costs — 30,000 Cash and investments held in Trust Account 400,021,043 — TOTAL ASSETS $ 401,999,198 $ 30,000 LIABILITIES, CLASS A COMMON STOCK SUBJECT TO REDEMPTION AND STOCKHOLDERS’ (DEFICIT)”…
SpacBrain reads this as 9 days earlier than the previous record.
The clause …“their Public Shares in conjunction with any such amendment. The Company will have until March 22, 2023 to complete a Business Combination (the “Combination Period”). If the Company is unable to complete a Business Combination within”…
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 vs 2021-05-26trust $400.0M → $400.0M +0%
trust account, redeemable shares, combination deadline1 moved · 2 with no prior record of ours
- Trust account
- $400.0M$400.0M
- Redeemable shares
- not previously extracted35.7M
- Combination deadline
- 2023-03-31 · unchanged
SpacBrain reads this as $9,974 was added to the trust between the two filings.
The clause …“Assets 2,187,739 — Deferred offering costs — 30,000 Cash and investments held in Trust Account 400,010,960 — TOTAL ASSETS $ 402,198,699 $ 30,000 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Current liabilities Accounts payable”…
The clause …“to occurrence of uncertain future events. Accordingly, at June 30, 2021, the 35,732,042 shares of Class A common stock subject to possible redemption are presented as temporary equity, outside of the stockholders’ equity section of the”…
The clause …“their Public Shares in conjunction with any such amendment. The Company will have until March 31, 2023 to complete a Business Combination (the “Combination Period”). If the Company is unable to complete a Business Combination within”…
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.
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.