ACRO SEC filings, in plain English

• SC 13G/A14 February 20240001104659-24-022819
• SC 13G/A14 February 20240001104659-24-023908
• SC 13G/A12 February 20240001085146-24-001037
• SC 13G/A7 February 20240000902664-24-001142
• 15-12G29 December 20230000950142-23-003084
• 25-NSE20 December 20230000876661-23-001008
• 8-K5 December 20230000950142-23-002895

  What changed: Item 8.01 — liquidation. On December 4, 2023 the board of Acropolis Infrastructure Acquisition Corp. determined to liquidate and dissolve the company in accordance with its Amended and Restated Certificate of Incorporation, as amended. The same day it issued a press release announcing it will redeem all outstanding shares of Class A common stock, par value $0.0001, effective as of December 19, 2023. The press release is attached as Exhibit 99.1. Why it matters: A board decision to wind up rather than pursue a combination, with a redemption effective date fifteen days out. The 8-K itself states no per-share redemption price, no trust balance and no treatment of the warrants — those terms, if given, are in the attached press release and not in this report.

• 10-Q13 November 20230001410578-23-002404
  What changed vs 2023-08-14trust $82.6M → $83.3M +1%
  trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours

  Trust account

  $82.6M→$83.3M

  SpacBrain reads this as $676,260 was added to the trust between the two filings.

  The clause “424,370 Total current assets ​ ​ 661,904 ​ ​ 530,763 ​ ​ ​ ​ ​ ​ ​ Investments held in Trust Account ​ ​ 83,271,718 ​ ​ 348,005,679 Total assets ​ $ 83,933,622 ​ $ 348,536,442 ​ ​ ​ ​ ​ ​ ​ LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS’”…

  Combination deadline

  2024-07-13 · unchanged

  The clause …“to redeem 100 % of such Public Shares if it has not consummated an Initial Business Combination by July 13, 2024 (the “Completion Window”); or (iii) the redemption of 100 % of the Public Shares if the Company is unable to complete an”…

  Going-concern doubt

  stated · unchanged

  The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that if the Company is unsuccessful in consummating an Initial Business Combination, the mandatory liquidation and”…

  Redeemable shares

  8.00M · unchanged

  The clause “1 par value; 800,000,000 shares authorized, none issued and outstanding (net of 8,000,799 and 34,500,000 shares of Class A common stock subject to possible redemption) as of September 30, 2023 and December 31, 2022 ​ — ​ — Class B common”…

  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.

• SC 13G29 September 20230001104659-23-105108
• 10-Q14 August 20230001410578-23-001884
  What changed vs 2023-05-12trust $352.8M → $82.6M -77%shares 34.5M → 8.00M -77%
  trust account, redeemable shares, combination deadline +12 moved · 2 with no prior record of ours

  Trust account

  $352.8M→$82.6M

  SpacBrain reads this as $270,167,799 left the trust between the two filings.

  The clause …“424,370 Total current assets ​ ​ 34,575 ​ ​ 530,763 ​ ​ ​ ​ ​ ​ ​ Investments held in Trust Account ​ ​ 82,595,458 ​ ​ 348,005,679 Total assets ​ $ 82,630,033 ​ $ 348,536,442 ​ ​ ​ ​ ​ ​ ​ LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS’”…

  Redeemable shares

  34.5M→8.00M

  SpacBrain reads this as 26,499,201 shares are no longer redeemable.

  The clause “1 par value; 800,000,000 shares authorized, none issued and outstanding (net of 8,000,799 and 34,500,000 shares of Class A common stock subject to possible redemption) as of June 30, 2023 and December 31, 2022 ​ — ​ — Class B common”…

  Combination deadline

  not previously extracted→2024-07-13

  The clause …“to redeem 100 % of such Public Shares if it has not consummated an Initial Business Combination by July 13, 2024 (the “Completion Window”); or (iii) the redemption of 100 % of the Public Shares if the Company is unable to complete an”…

  Going-concern doubt

  stated · unchanged

  The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that if the Company is unsuccessful in consummating an Initial Business Combination, the mandatory liquidation and”…

  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.

• SC 13G28 June 20230001193125-23-177045
• 8-K27 June 20230000950142-23-001815

  What changed: Items 5.03 and 5.07: At Acropolis Infrastructure Acquisition Corp.'s special meeting on June 23, 2023 — 36,830,508 shares, about 85.40% of those outstanding on the May 30 record date, present — stockholders approved charter amendments extending the business-combination date from July 13, 2023 (or October 13, 2023 if an agreement had been signed by then) to July 13, 2024; permitting the board in its sole discretion to wind up and redeem all public shares before that date; and eliminating the $5,000,001 net-tangible-assets Redemption Limitation. They were filed in Delaware the same day. Why it matters: The redemption figures are the story: holders of 26,499,201 public shares redeemed, leaving 8,000,799 outstanding, and the filing expects approximately $82,262,411 to remain of the approximately $355,377,322 in the trust on the record date — roughly 77% of the trust withdrawn at a single meeting. The board also retains the right to ABANDON any or all of the amendments and not implement the extension, without any further stockholder action.

• DEFA14A12 June 20230000950142-23-001673
• 8-K12 June 20230000950142-23-001672
• DEF 14A5 June 20230001104659-23-068090
• UPLOAD31 May 20230000000000-23-005750
• CORRESP30 May 20230000950142-23-001550
• UPLOAD23 May 20230000000000-23-005494
• PRE 14A22 May 20230001104659-23-062953
• 10-Q12 May 20230001104659-23-059857
  What changed vs 2022-11-10trust $347.2M → $352.8M +2%
  trust account, going-concern doubt, redeemable shares1 moved · 2 with no prior record of ours

  Trust account

  $347.2M→$352.8M

  SpacBrain reads this as $5,525,858 was added to the trust between the two filings.

  The clause “424,370 Total current assets ​ ​ 344,445 ​ ​ 530,763 ​ ​ ​ ​ ​ ​ ​ Investments held in Trust Account ​ ​ 352,763,257 ​ ​ 348,005,679 Total assets ​ $ 353,107,702 ​ $ 348,536,442 ​ ​ ​ ​ ​ ​ ​ LIABILITIES, TEMPORARY EQUITY AND”…

  Going-concern doubt

  stated · unchanged

  The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that if the Company is unsuccessful in consummating an Initial Business Combination, the mandatory liquidation and”…

  Redeemable shares

  34.5M · unchanged

  The clause “1 par value, 800,000,000 shares authorized, none issued and outstanding (net of 34,500,000 shares of Class A common stock subject to possible redemption) as of March 31, 2023 and December 31, 2022 ​ — ​ — Class B common stock, $ 0.0001”…

  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.

• 10-K/A5 April 20230001104659-23-041790
• 10-K31 March 20230001104659-23-039369
  What changed vs 2022-03-28trust $345.1M → $348.0M +1%going concern APPEARED
  trust account, going-concern doubt, redeemable shares +22 moved · 3 with no prior record of ours

  Trust account

  $345.1M→$348.0M

  SpacBrain reads this as $2,938,858 was added to the trust between the two filings.

  The clause “30,304. As of December 31, 2022 and 2021, we had cash and marketable securities held in the trust account of $348,005,679 and $345,066,821, respectively. We intend to use substantially all of the funds held in the trust account, including”…

  Going-concern doubt

  not stated→stated

  SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.

  The clause …“concerns, date for mandatory liquidation and subsequent dissolution raise substantial doubt about the Company’s ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 1. The”…

  Redeemable shares

  not previously extracted→34.5M

  The clause “1 par value; 800,000,000 shares authorized, none issued and outstanding (net of 34,500,000 shares of Class A common stock subject to possible redemption) as of December 31, 2022 and 2021 ​ — ​ — Class B common stock, $ 0.0001 par value;”…

  Combination deadline

  2023-07-13 · unchanged

  The clause …“in Note 1 to the financial statements, if the Company is unable to complete a business combination by July 13, 2023 then the Company will cease all operations except for the purpose of liquidating. The liquidity concerns, date for”…

  Mandate language

  We intend to focus our search for a business combination tar… · unchanged

  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.

• SC 13G/A15 February 20230001172661-23-001478
• SC 13G/A14 February 20230001104659-23-019978
• SC 13G/A14 February 20230001104659-23-020716
• SC 13G10 February 20230001085146-23-000991
• 320 December 20220000950142-22-003453
• 8-K20 December 20220000950142-22-003452
• 10-Q10 November 20220001104659-22-117169
  What changed vs 2022-08-04trust $345.6M → $347.2M +0%
  trust account, going-concern doubt, redeemable shares1 moved · 2 with no prior record of ours

  Trust account

  $345.6M→$347.2M

  SpacBrain reads this as $1,628,135 was added to the trust between the two filings.

  The clause “38,043 Total current assets ​ ​ 797,841 ​ ​ 1,668,434 ​ ​ ​ ​ ​ ​ ​ Investments held in Trust Account ​ ​ 347,237,399 ​ ​ 345,066,821 Total assets ​ $ 348,035,240 ​ $ 346,735,255 ​ ​ ​ ​ ​ ​ ​ LIABILITIES, TEMPORARY EQUITY AND”…

  Going-concern doubt

  stated · unchanged

  The clause “4-15, “ Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that if the Company is unsuccessful in consummating an Initial Business Combination, the mandatory liquidation and”…

  Redeemable shares

  34.5M · unchanged

  The clause “1 par value, 800,000,000 shares authorized, none issued and outstanding (net of 34,500,000 shares of Class A common stock subject to possible redemption) ​ — ​ — Class B common stock, $ 0.0001 par value, 199,000,000 shares authorized,”…

  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.

• 10-Q4 August 20220001104659-22-086118
  What changed vs 2022-05-16trust $345.2M → $345.6M +0%going concern APPEARED
  trust account, going-concern doubt, redeemable shares2 moved · 1 with no prior record of ours

  Trust account

  $345.2M→$345.6M

  SpacBrain reads this as $385,520 was added to the trust between the two filings.

  The clause “38,043 Total current assets ​ ​ 909,718 ​ ​ 1,668,434 ​ ​ ​ ​ ​ ​ ​ Investments held in Trust Account ​ ​ 345,609,264 ​ ​ 345,066,821 Total assets ​ $ 346,518,982 ​ $ 346,735,255 ​ ​ ​ ​ ​ ​ ​ LIABILITIES, TEMPORARY EQUITY AND”…

  Going-concern doubt

  not stated→stated

  SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.

  The clause “4-15, “ Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern, ” management has determined that if the Company is unsuccessful in consummating an Initial Business Combination, the mandatory liquidation and”…

  Redeemable shares

  34.5M · unchanged

  The clause “1 par value, 800,000,000 shares authorized, none issued and outstanding (net of 34,500,000 shares of Class A common stock subject to possible redemption) ​ — ​ — Class B common stock, $ 0.0001 par value, 199,000,000 shares authorized,”…

  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.

• 10-Q16 May 20220001104659-22-061302
  What changed vs 2021-11-15trust $345.0M → $345.2M +0%
  trust account, redeemable shares1 moved · 1 with no prior record of ours

  Trust account

  $345.0M→$345.2M

  SpacBrain reads this as $192,776 was added to the trust between the two filings.

  The clause …“assets ​ ​ 1,437,117 ​ ​ 1,668,434 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments held in Trust Account ​ ​ 345,223,744 ​ ​ 345,066,821 Total assets ​ $ 346,660,861 ​ $ 346,735,255 ​ ​ ​ ​ ​ ​ ​ LIABILITIES, TEMPORARY EQUITY AND”…

  Redeemable shares

  not previously extracted→34.5M

  The clause “1 par value, 800,000,000 shares authorized, none issued and outstanding (net of 34,500,000 shares of Class A common stock subject to possible redemption) ​ — ​ — Class B common stock, $ 0.0001 par value, 199,000,000 shares authorized,”…

  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.

• 10-K28 March 20220001104659-22-038824
• SC 13G/A14 February 20220001104659-22-021256
• SC 13G14 February 20220001172661-22-000864
• SC 13G11 February 20220001104659-22-020645
• 10-Q15 November 20210001104659-21-138275
  trust accountnothing moved · 1 with no prior record of ours

  Trust account

  not previously extracted→$345.0M

  The clause …“Sponsor ​ ​ — ​ ​ 25,000 Deferred offering costs ​ — ​ 57,900 Investments held in Trust Account ​ ​ 345,030,968 ​ ​ — Total assets ​ $ 347,376,722 ​ $ 82,900 ​ ​ ​ ​ ​ ​ ​ LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS’ (DEFICIT)”…

  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.

• 8-K27 August 20210000950142-21-002757
• 325 August 20210000950142-21-002738
• 8-K25 August 20210000950142-21-002737
• 10-Q23 August 20210001104659-21-108555

The complete ACRO filing history on EDGAR