ACKRELL SPAC Partners I Co.
ACKI · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The cash went back to shareholders and the company wound up. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
In plain terms
- What it is
- A SPAC from ACKRELL SPAC Partners I Co. / Archimedes Tech Spac Partners Co (Sheehan Daniel L), listed on Nasdaq in December 2020.
- What it's doing now
- It never completed a purchase. The company wound up and the cash in the account went back to shareholders — the ordinary ending when a SPAC runs out of time. No agreed deal for it is on file with us, so we cannot say whether one was ever announced and later fell through.
- What you should know
- This SPAC has finished. The cash was paid back to shareholders and the company wound up, so there is nothing left to claim — the money went where the charter said it would.
At a glance
- Where it stands
- Liquidated
- Deal
- none — it wound up and returned the cash instead
- Industry
- no filing we hold states a sector this SPAC restricted its search to
- Deal value
- no deal to value — it wound up instead
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 22 December 2020
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 2093 PHILADELPHIA PIKE #1968, CLAYMONT, DE, 19703
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Long Long (Chief Financial Officer) · Cannon Stephen N (Chief Operating Officer) · Soqui Shannon (Director)
- Listed securities
- ACKI common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 22 December 2020IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsACKI is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
ACKRELL SPAC Partners I Co. (ticker ACKI) was a blank-check company whose common stock was listed on the Nasdaq Stock Market. The company priced its initial public offering on December 22, 2020, as reflected in its 424B prospectus. ACKRELL SPAC Partners I Co. subsequently liquidated, returning trust cash to shareholders, and its common stock class was retired under Form 25 filed on August 31, 2022. The company's SEC CIK is 0001790121 and its SIC industry code is 6770.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
The conditional structure creates a trap worth understanding: holders who submit shares for redemption get nothing back as a redemption if the extension is not implemented, because the company simply cancels the process and proceeds to a deal or to liquidation on its own timetable. The trust floor of about $10.30 per share is well above the $10.00 deposit price and fully funded at $142.1 million, so the cash value is real. Two days between the meeting and the deadline leaves no margin for error on the transaction.
The deadline is a funded ladder, not a date: 23 December 2021, twelve months from closing, extendable twice by three months if the sponsor deposits $1,380,000 ($0.10 per public subunit) each time, for a maximum of 18 months and $2,760,000 to 23 June 2022. June 2022 is a ceiling reachable only by paying for it and was recorded as such. The statement of changes in equity labels the period's result 'Net income' while showing (115,543), and the MD&A says $115,544 - a one-dollar disagreement and a wrong caption on the same figure.
The clock is 12 months from the closing of the offering, extendable twice by three months each — to 18 months — by board resolution at the sponsor's request, with the sponsor depositing $1,000,000 ($1,150,000 on full overallotment), which is $0.10 per public share, for each extension, $2,000,000 in total. Common stock is not listed or traded separately until a business combination closes, and because fractional warrants cease to exist at separation an investor who holds an odd number of subunits loses one-half of a warrant.
The structure carries a trap the prospectus states outright: because no fractional warrants will exist after separation, an investor must either not have separated the units or hold a number of subunits divisible by two, or lose one-half of a warrant. The clock is 12 months from closing, extendable twice by three months to 18 months, and each extension requires the sponsor to deposit $1,000,000 ($1,150,000 on full overallotment), which is $0.10 per public share, into the trust — $2,000,000 in total for both. The trust is funded at $10.10 per public subunit,.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
Show the other 10 filings
- What changed vs 2022-05-16trust $142.2M → $140.8M -1%deadline 2022-06-23 → 2022-09-23
trust account, combination deadline, going-concern doubt +12 moved · 2 with no prior record of ours
- Trust account
- $142.2M$140.8M
- Combination deadline
- 2022-06-232022-09-23
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 13.8Mnot matched in this filing
SpacBrain reads this as $1,416,932 left the trust between the two filings.
The clause “Assets: Cash held in Trust Account $ 1,895 1,895 - $ - U.S. Treasury Securities held in Trust Account 140,820,683 - 140,820,683 - 140,822,578 1,895 140,820,683 - Liabilities: Warrant Liability – Private Warrants $ 284,770 $ - $ - $”…
SpacBrain reads this as 92 days later than the previous record.
The clause …“there may be no Special Meeting of Stockholders to vote upon our initial business combination or a Further Extension before September 23, 2022. Even if the proposed Blackstone Business Combination or a Further Extension is approved”…
The clause …“automatic winding up, liquidation and dissolution. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Note 2 — Significant Accounting Policies Basis of Presentation The accompanying”…
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.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
Deal completion: 2/3 resolved vehicles closed a deal (67%); 1 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty.
Mixed record · medium confidence
- Global SPAC Partners Co, · 2020Completed
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
Unit: U = S + W · 100.0% of the $10 unit
from 424B4 0001213900-20-044023
Trading & liquidity
Company profile
Directors & officers
- Long LongChief Financial Officer
- Cannon Stephen NChief Operating Officer
- Soqui ShannonDirector
- LAMKIN WILLIAM A.Director
- Ackrell Michael KDirector
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
4 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- ACKRELL SPAC Sponsors I LLCwith 1 other reporting person on the same schedule21.3% · SC 13DJan 4, 2021 stale
- Feis Lawrence Michaelwith 1 other reporting person on the same schedule6.5% · SC 13GMar 2, 2022 stale
- MIZUHO FINANCIAL GROUP INC6.3% · SC 13GFeb 14, 2022 stale
- BASSO CAPITAL MANAGEMENT, L.P.with 3 other reporting persons on the same schedule5.5% · SC 13G/AFeb 11, 2022 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
39 full SEC filing texts archived — searchable, never lost.
- Vault note — ACKI (ACKRELL SPAC Partners I Co.)
vault-note · /vault/tickers/ACKI
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
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.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
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.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
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.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail3 internal entries
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.
admitted from the HISTORICAL census (EDGAR's SIC 6770 registrant list, walked in full: 3,325 registrants, 1,167 of which ever priced an IPO). The live discovery job cannot reach this registrant — it reads the filing tape, and this one stopped filing. Admission rule: src/lib/universe-admit.ts. SIC 6770 (Blank Checks); 424B 0001213900-20-044023 priced 2020-12-22; common ticker ACKI off 10-Q 0001213900-22-048331 (2022-08-15); lifecycle EXITED. Ending PROVEN, not inferred: LIQUIDATED per Form 25 0001354457-22-000492 (2022-08-31) — Form 25 filed under 17 CFR 240.12d2-2(a)(2) — the rule for a class "called for redemption" or "redeemed or paid at maturity/retirement". For a SPAC that class is the public shares and that redemption is the trust going back (class: Common stock). No wind-up press release was readable on the registrant's own file, so the per-share figure is not stored.. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
warrantStrike=11.5, unitSeparationDays=90 from the definitive prospectus (0001213900-20-044023). NOT FILLED: warrantCallPrice — no stated candidate; rightShareRatio — no stated candidate
sponsor "ACKRELL SPAC Sponsors I LLC" (SEC CIK 0001790119) sourced from Form 3 reportingOwner (10% owner) acc 0001213900-20-043909.