ADRT SEC filings, in plain English
Everything Ault Disruptive Technologies Corp has filed with the SEC that we hold — 40 filings, newest first, 3 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.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
- What changed vs 2024-05-20mandate language changed
mandate language, trust account, combination deadline +11 moved · 3 with no prior record of ours
- Mandate language
- the Company intends to focus on companies with innovative an…focus our search for prospects within the technology sector,…
- Trust account
- $116.7M · unchanged
- Combination deadline
- 2024-12-20 · unchanged
- Going-concern doubt
- stated · unchanged
The clause …“of the IPO and the exercise of the underwriters’ full over-allotment option, $ 116,725,000 was held in the Trust Account and will only be invested in United States “government securities” within the meaning of Section 2(a)(16) of the”…
The clause …“herein. It is uncertain whether we will be able to consummate an initial business combination by December 20, 2024 or obtain working capital loans from the Sponsor. If an initial business combination is not consummated by the”…
The clause …“to meet our current and future estimated financial obligations raises substantial doubt about our ability to continue as a going concern for a period of time within one year after the date that the accompanying financial”…
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: Ault Disruptive Technologies Corporation called a virtual-only annual meeting for September 6, 2024 at 12:00 p.m. ET, with no physical location, record date August 7, 2024, and proxy materials mailed on or about August 16, 2024. As of the record date there were 3,063,875 shares of common stock outstanding, constituting all outstanding voting capital stock, with one vote per share and a majority required for a quorum. The company agreed to pay Ault, an affiliate of its sponsor, a total of $10,000 per month for office space, utilities and secretarial support. Why it matters: Routine annual meeting business rather than an extension or trust vote, but the share count tells the story of the vehicle: 3,063,875 total shares outstanding means prior redemptions have shrunk the SPAC to a fraction of its IPO size, leaving too little trust cash to fund a meaningful business combination without new financing. The $10,000 monthly administrative fee to a sponsor affiliate continues to drain working capital from a vehicle this small, and it accrues whether or not a deal is ever found.
What changed vs 2024-01-25going concern APPEAREDgoing-concern doubt, trust account, mandate language +11 moved · 3 with no prior record of ours
- Going-concern doubt
- not statedstated
- Trust account
- not previously extracted$118.8M
- Mandate language
- not previously extractedwe are focusing our search on opportunities to acquire compa…
- Combination deadline
- 2024-12-20 · unchanged
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern.” As of the date of this Annual Report, we had approximately $163,000 of cash available,”…
The clause …“securities held in Trust Account - 118,193,123 Total current assets 174,108 118,791,093 Prepaid expenses, non-current - 10,873 Cash and marketable securities held in Trust Account 2,200,308 - Deferred tax asset, noncurrent - 27,062”…
The clause …“additional capital it needs to fund its business operations and complete any business combination prior to December 20, 2024, if at all. The Company also has no approved plan in place to extend the business combination deadline beyond”…
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 2023-11-20trust $118.8M → $116.7M -2%deadline 2024-02-20 → 2024-12-20mandate language changed
trust account, combination deadline, mandate language +13 moved · 1 with no prior record of ours
- Trust account
- $118.8M$116.7M
- Combination deadline
- 2024-02-202024-12-20
- Mandate language
- the Company intends to focus on companies with innovative an…the Company intends to focus on companies with innovative an…
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $2,066,093 left the trust between the two filings.
The clause …“of the IPO and the exercise of the underwriters’ full over-allotment option, $ 116,725,000 was held in the Trust Account and will only be invested in United States “government securities” within the meaning of Section 2(a)(16) of the”…
SpacBrain reads this as 304 days later than the previous record.
The clause …“extend the date we have to consummate our initial business combination until December 20, 2024, 121,695 shares of common stock were tendered for redemption at a per-share price of $11.61 for an aggregate redemption amount of”…
The clause …“to meet our current and future estimated financial obligations raises substantial doubt about our ability to continue as a going concern for a period of time within one year after the date that the accompanying financial”…
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 2023-04-04trust $118.2M → $118.8M +1%deadline 2023-06-20 → 2024-12-20
trust account, combination deadline, going-concern doubt +22 moved · 3 with no prior record of ours
- Trust account
- $118.2M$118.8M
- Combination deadline
- 2023-06-202024-12-20
- Going-concern doubt
- stated · unchanged
- Mandate language
- we are focusing our search on opportunities to acquire compa… · unchanged
- Redeemable shares
- 11.5Mnot matched in this filing
SpacBrain reads this as $597,970 was added to the trust between the two filings.
The clause …“securities held in Trust Account - 118,193,123 Total current assets 174,108 118,791,093 Prepaid expenses, non-current - 10,873 Cash and marketable securities held in Trust Account 2,200,308 - Deferred tax asset, noncurrent - 27,062”…
SpacBrain reads this as 549 days later than the previous record.
The clause …“additional capital it needs to fund its business operations and complete any business combination prior to December 20, 2024, if at all. The Company also has no approved plan in place to extend the business combination deadline beyond”…
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern.” As of the date of this Annual Report, we had approximately $163,000 of cash available,”…
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: Ault Disruptive Technologies Corporation called a special meeting for February 15, 2024 at 12:00 p.m. Eastern Time, virtual, to extend the Termination Date from February 20, 2024, the date 26 months after the IPO closing. Trust held $2,207,545.89 as of January 23, 2024, an estimated redemption price of approximately $11.68 per share. The Extension Amendment requires the affirmative vote of at least 65% of outstanding common stock. The proxy notes the public warrants will expire worthless if the Company winds up. Why it matters: A trust of $2.2 million at $11.68 per share means roughly 189,000 public shares remain — ADRT has been redeemed down to almost nothing, and the company later liquidated, so the $11.68 redemption right was the entire value. The 65% supermajority threshold is unusually high and gives a small holder bloc real blocking power. The explicit warning that public warrants expire worthless on a wind-up is the clearest statement of what the non-share securities were worth.
What changed vs 2023-12-19deadline 2024-02-20 → 2024-12-20going concern RESOLVEDcombination deadline, going-concern doubt, trust account +22 moved · 3 with no prior record of ours
- Combination deadline
- 2024-02-202024-12-20
- Going-concern doubt
- statednot stated
- Trust account
- $118.2Mnot matched in this filing
- Mandate language
- we are focusing our search on opportunities to acquire compa…not matched in this filing
- Redeemable shares
- 11.5Mnot matched in this filing
SpacBrain reads this as 304 days later than the previous record.
The clause “Shares (as defined below) if the Corporation is unable to complete its initial Business Combination by December 20, 2024 (or, if the Office of the Delaware Division of Corporations shall not be open for business (including filing of”…
SpacBrain reads this as the substantial-doubt sentence is in the previous filing and not in this one.
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: Ault Disruptive Technologies Corporation called its Annual Meeting for December 29, 2023 at 2:00 P.M. Eastern Time, virtual only with no physical location, record date December 12, 2023, with proxy materials mailed on or about December 19, 2023. As of the record date there were 3,063,875 shares of common stock outstanding, constituting all outstanding voting capital stock, with a majority required for a quorum. The proxy discloses that the Company pays Ault, an affiliate of the Sponsor, a total of $10,000 per month for office space, utilities and secretarial support. Why it matters: A share count of 3,063,875 shows ADRT has already been redeemed down to a fraction of its IPO size, so the remaining trust is small and the vehicle is being kept alive at scale that no longer supports a meaningful business combination. The $10,000 monthly administrative fee to a sponsor affiliate is a continuing drain on funds held outside the trust, which are the same funds that must cover taxes and wind-up costs. The company later liquidated.
What changed vs 2023-06-01going concern APPEAREDgoing-concern doubt, trust account, mandate language +21 moved · 4 with no prior record of ours
- Going-concern doubt
- not statedstated
- Trust account
- not previously extracted$118.2M
- Mandate language
- not previously extractedwe are focusing our search on opportunities to acquire compa…
- Redeemable shares
- not previously extracted11.5M
- Combination deadline
- 2024-02-20 · unchanged
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern.” As of the date of this Annual Report, we had approximately $207,000 of cash available”…
The clause …“As of December 31, 2022 and 2021, we had cash and marketable securities held in the trust account of $118,193,123 and $116,725,166 (including approximately $1,682,956 and $163 of income from investments held in trust account),”…
The clause …“common stock will be classified as shareholders’ equity. At December 31 2022, 11,500,000 shares of common stock subject to possible redemption are presented at redemption value as a current liability, , as the Common stock may be”…
The clause …“Placement Warrants, which will expire worthless if we do not consummate a business combination by February 20, 2024. Prior to the closing of the IPO, our Sponsor loaned us $366,000 to be used for a portion of the expenses of the”…
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.
trust account, combination deadline, going-concern doubt +1nothing moved · 4 with no prior record of ours
- Trust account
- $118.8M · unchanged
- Combination deadline
- 2024-02-20 · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus on companies with innovative an… · unchanged
The clause …“securities held in Trust Account - 118,193,123 Total current assets 266,898 118,791,093 Prepaid expenses, noncurrent - 10,873 Cash and marketable securities held in Trust Account 2,171,423 - Deferred tax asset, noncurrent 27,062”…
The clause …“to any Public Shares held by them if the Company fails to consummate a Business Combination or liquidate by February 20, 2024. All warrants meet the requirements for equity classification and the Company accounts for the warrants”…
The clause …“Date of February 20, 2024. 8 In connection with the Company’s assessment of going concern considerations in accordance with FASB ASC Topic 205-40, “Presentation of Financial Statements – Going Concern” (“ASC 205-40”), management has”…
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 2023-05-23trust $119.3M → $118.8M -0%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $119.3M$118.8M
- Combination deadline
- not previously extracted2024-02-20
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus on companies with innovative an… · unchanged
- Redeemable shares
- 11.5Mnot matched in this filing
SpacBrain reads this as $463,094 left the trust between the two filings.
The clause …“securities held in Trust Account - 118,193,123 Total current assets 689,757 118,791,093 Prepaid expenses, noncurrent - 10,873 Cash and marketable securities held in Trust Account 2,142,695 - Deferred tax asset, noncurrent 27,062”…
The clause …“to any Public Shares held by them if the Company fails to consummate a Business Combination or liquidate by February 20, 2024. All warrants meet the requirements for equity classification and the Company accounts for the warrants”…
The clause …“Extension Amendment deadline of February 20, 2024. 8 These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time, which is considered to be one year from the”…
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.