ACAC SEC filings, in plain English
Everything Acri Capital Acquisition Corp has filed with the SEC that we hold — 40 filings, newest first, 2 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 vs 2024-05-13trust $51.5M → $36.7M -29%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $51.5M$36.7M
- Combination deadline
- 2025-01-14 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 3.26M · unchanged
SpacBrain reads this as $14,842,290 left the trust between the two filings.
The clause …“Trust Account At June 30, 2024 and December 31, 2023, we had $ 21,214,423 and $ 36,672,846 of the assets held in the Trust Account were held in money market funds, which are invested in short term U.S. Treasury securities. All of the”…
The clause …“Deadline on a monthly basis from April 14, 2024 for up to nine times, up to January 14, 2025, by depositing $50,000 each month into the Trust Account. As of the date of this report, between July 12, 2023 and March 12, 2024, an”…
The clause …“of a Business Combination. In connection with the Company’s assessment of going concern considerations in accordance with the FASB Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability”…
The clause …“authorized, none issued and outstanding (excluding 1,815,384 shares and 3,255,050 shares subject to possible redemption as of June 30, 2024 and December 31, 2023) - - Class B common stock, $ 0.0001 par value, 2,500,000 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: Acri Capital Acquisition Corporation filed a proxy statement and prospectus covering 25,767,259 shares of common stock and 12,552,500 warrants of Acri Capital Merger Sub I Inc. for a business combination under an agreement dated February 18, 2024. In a reincorporation merger, each outstanding ACAC share other than redeeming shares converts automatically into one share of purchaser common stock, and each ACAC warrant into one redeemable purchaser warrant exercisable at $11.50. Closing is conditioned on Nasdaq listing approval. Why it matters: Public holders face a binary choice the document makes explicit: redeem for the pro rata trust amount, in which case the share represents only the right to be paid a redemption price, or roll one-for-one into purchaser common stock and take equity risk in the combined company. The proxy models a maximum redemptions scenario, the standard acknowledgement that most trust cash may leave. The $11.50 warrant strike sits above trust value, so the 12,552,500 registered warrants are out of the money at inception.
- What changed vs 2023-11-09trust $89.1M → $51.5M -42%deadline 2024-04-14 → 2025-01-14
trust account, combination deadline, going-concern doubt +12 moved · 2 with no prior record of ours
- Trust account
- $89.1M$51.5M
- Combination deadline
- 2024-04-142025-01-14
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 3.26M · unchanged
SpacBrain reads this as $37,625,841 left the trust between the two filings.
The clause …“Purchase of investment held in trust account ( 225,000 ) - Sale of investment held in trust account - 51,515,136 Net Cash (Used in) Provided by Investing Activities ( 225,000 ) 51,515,136 Cash Flows from Financing Activities: Proceeds”…
SpacBrain reads this as 275 days later than the previous record.
The clause …“Deadline on a monthly basis from April 14, 2024 for up to nine times, up to January 14, 2025, by depositing $50,000 each month into the Trust Account. As of the date of this report, between July 12, 2023 and March 12, 2024, an”…
The clause …“of a Business Combination. In connection with the Company’s assessment of going concern considerations in accordance with the FASB Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability”…
The clause …“value, 20,000,000 shares authorized, none issued and outstanding (excluding 3,255,050 shares subject to possible redemption as of March 31, 2024 and December 31, 2023) - - Class B common stock, $ 0.0001 par value, 2,500,000 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 vs 2023-03-30deadline 2023-12-14 → 2025-01-14shares 8.63M → 3.26M -62%
combination deadline, mandate language, redeemable shares +23 moved · 2 with no prior record of ours
- Combination deadline
- 2023-12-142025-01-14
- Mandate language
- we intend to focus our search for an initial Business Combin…we intend to focus our search for an initial business combin…
- Redeemable shares
- 8.63M3.26M
- Trust account
- $89.1M · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as 397 days later than the previous record.
The clause …“Combination Deadline on a monthly basis for up to nine (9) times, up to January 14, 2025, by depositing the lesser of (i) $50,000 for all remaining public shares and (ii) $0.033 for each remaining public share in the Trust Account”…
SpacBrain reads this as 5,369,950 shares are no longer redeemable.
The clause …“value, 20,000,000 shares authorized, none issued and outstanding (excluding 3,255,050 shares subject to possible redemption as of December 31, 2023 and December 31, 2022) - - Class B common stock, $ 0.0001 par value, 2,500,000 shares”…
The clause …“in Trust Account At December 31, 2023 and December 31, 2022, $36,672,846 and $89,140,977 of the assets held in the Trust Account were held in money market funds, which are invested in short term U.S. Treasury securities. The Company”…
The clause …“a result, management has determined that such additional condition also raise substantial doubt about the Company’s ability to continue as a going concern. The financial statement does not include any adjustments that might result from”…
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: Acri Capital Acquisition Corporation set a special meeting for April 9, 2024 at 9 a.m. ET to approve a third extension amendment allowing it until April 14, 2024 and then, without a further stockholder vote, monthly extensions up to nine times to January 14, 2025, with a matching amendment to the June 9, 2022 trust agreement with Wilmington Trust moving the liquidation date correspondingly. Why it matters: The disclosed 80% redemption scenario, under which the monthly deposit falls to about $21,483, tells you the company itself expects most of the trust to leave at this vote. Once approved, the board can extend nine more times with no further shareholder say, so this is the last redemption opportunity holders control until a deal is put to them. Deposits of $0.033 per share per month accrete the trust by roughly a third of a cent, so waiting earns almost nothing while the sponsor gains nine months of optionality funded by loans repayable on closing.
What changed vs 2023-06-07deadline 2024-07-14 → 2025-01-14combination deadline, trust account, mandate language1 moved · 2 with no prior record of ours
- Combination deadline
- 2024-07-142025-01-14
- Trust account
- $39.1M · unchanged
- Mandate language
- we intend to focus on for our business combination or the ab…not matched in this filing
SpacBrain reads this as 184 days later than the previous record.
The clause …“a business combination on a monthly basis for up to nine (9) times, up to January 14, 2025, by depositing the New Monthly Extension Payment (as defined in the Definitive Proxy Statement filed with the Securities and Exchange”…
The clause …“in the Trust Account may be significantly reduced from the approximately $39.08 million held in the Trust Account as of the Table of Contents Record Date (less tax payable and up to $50,000 of interest to pay dissolution expense).”…
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.