AFAQ SEC filings, in plain English
Everything AF 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: AF Acquisition Corp. called a special meeting in lieu of its 2022 annual meeting for December 15, 2022 at 10:00 Eastern by live webcast to extend the deadline from March 23, 2023 to August 23, 2023 and, under a separate liquidation amendment, to permit the board in its sole discretion to wind up operations on an earlier date. It estimates the per-share pro rata trust portion at approximately $10.10 at the time of the meeting, against a Nasdaq Capital Market closing price of $9.97 for the common stock on November 18, 2022. Why it matters: The shares trade thirteen cents below trust value at $9.97 against about $10.10, so redeeming is clearly better than selling and offers a defined return regardless of how a holder votes. The liquidation amendment cuts both ways: it lets the board return capital early if no deal appears, which limits the downside of staying, but it also means holders who remain have no control over when their position is converted to cash. Redemption proceeds include interest not released for taxes, less up to $100,000 reserved for dissolution expenses.
- What changed vs 2022-08-15trust $224.4M → $225.4M +0%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $224.4M$225.4M
- Combination deadline
- 2023-03-23 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $125K · unchanged
- Redeemable shares
- 22.4M · unchanged
SpacBrain reads this as $1,017,916 was added to the trust between the two filings.
The clause …“ 96,833 210,000 Total current assets 163,684 991,302 Investments held in Trust Account 225,378,078 224,039,393 Prepaid expenses, non-current — 44,333 Total Assets $ 225,541,762 $ 225,075,028 ”…
The clause …“that a Business Combination is not consummated during that time. If a Business Combination is not consummated by March 23, 2023, there will be a mandatory liquidation and subsequent dissolution of the Company. Over this time”…
The clause …“negotiating and consummating the Business Combination. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of time within one year after the date that the condensed financial”…
The clause …“of September 30, 2021 or the completion of the Initial Public Offering. The outstanding balance under the promissory note of $ 125,000 was repaid on March 23, 2021. The promissory note is no longer available to the Company.”…
The clause …“100,000,000 shares authorized; no shares issued and outstanding (excluding 22,400,000 shares subject to possible redemption) — — Class B common stock, $ 0.0001 par value; 10,000,000 shares authorized; 5,600,000 shares issued 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.
- What changed vs 2022-05-13trust $224.0M → $224.4M +0%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $224.0M$224.4M
- Combination deadline
- 2023-03-23 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $125K · unchanged
- Redeemable shares
- 22.4M · unchanged
SpacBrain reads this as $319,683 was added to the trust between the two filings.
The clause …“current 149,333 210,000 Total current assets 161,600 991,302 Investments held in Trust Account 224,360,162 224,039,393 Prepaid expenses, non-current — 44,333 Total Assets $ 224,521,762 $ 225,075,028 Liabilities and Stockholders’”…
The clause …“that a Business Combination is not consummated during that time. If a Business Combination is not consummated by March 23, 2023, there will be a mandatory liquidation and subsequent dissolution of the Company. Over this time”…
The clause …“negotiating and consummating the Business Combination. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of time within one year after the date that the condensed financial”…
The clause …“of September 30, 2021 or the completion of the Initial Public Offering. The outstanding balance under the promissory note of $ 125,000 was repaid on March 23, 2021. The promissory note is no longer available to the Company. Working”…
The clause …“100,000,000 shares authorized; no shares issued and outstanding (excluding 22,400,000 shares subject to possible redemption) — — Class B common stock, $ 0.0001 par value; 10,000,000 shares authorized; 5,600,000 shares issued 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.
- What changed vs 2021-11-19trust $224.0M → $224.0M +0%going concern APPEARED
trust account, going-concern doubt, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $224.0M$224.0M
- Going-concern doubt
- not statedstated
- Combination deadline
- 2023-03-23 · unchanged
- Sponsor loans outstanding
- $125K · unchanged
- Redeemable shares
- 22.4M · unchanged
SpacBrain reads this as $22,197 was added to the trust between the two filings.
The clause …“current 201,832 210,000 Total current assets 597,751 991,302 Investments held in Trust Account 224,040,479 224,039,393 Prepaid expenses, non-current — 44,333 Total Assets $ 224,638,230 $ 225,075,028 Liabilities and Stockholders’”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“negotiating and consummating the Business Combination. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of time for one year after the date that the unaudited condensed”…
The clause “Company will have until March 23, 2023 to complete a Business Combination. If a Business Combination is not consummated by March 23, 2023, there will be a mandatory liquidation and subsequent dissolution of the Company. As a result of the”…
The clause …“of September 30, 2021 or the completion of the Initial Public Offering. The outstanding balance under the Promissory Note of $ 125,000 was repaid on March 23, 2021. The Promissory Note is no longer available to the Company. 12 AF”…
The clause …“100,000,000 shares authorized; no shares issued or outstanding (excluding 22,400,000 shares subject to possible redemption) — — Class B common stock, $ 0.0001 par value; 10,000,000 shares authorized; 5,600,000 shares issued 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.
- What changed vs 2021-08-16trust $224.0M → $224.0M +0%shares 20.2M → 22.4M +11%
trust account, redeemable shares, combination deadline +12 moved · 2 with no prior record of ours
- Trust account
- $224.0M$224.0M
- Redeemable shares
- 20.2M22.4M
- Combination deadline
- 2023-03-23 · unchanged
- Sponsor loans outstanding
- $125K · unchanged
SpacBrain reads this as $15,782 was added to the trust between the two filings.
The clause “73 Prepaid expenses, current 220,995 Total current assets 1,144,768 Investments held in Trust Account 224,018,282 Prepaid expenses, non-current 96,833 Total Assets $ 225,259,883 Liabilities and Stockholders’ Deficit: Current liabilities:”…
SpacBrain reads this as 2,206,333 more shares carry a redemption right.
The clause …“100,000,000 shares authorized; no shares issued or outstanding (excluding 22,400,000 shares subject to possible redemption) — Class B common stock, $ 0.0001 par value; 10,000,000 shares authorized; 5,600,000 shares issued and”…
The clause …“may have to consummate an initial Business Combination. The Company will have until March 23, 2023 to complete a Business Combination (the “Combination Period”). If the Company is unable to complete a Business Combination within”…
The clause …“of June 30, 2021 or the completion of the Initial Public Offering. The outstanding balance under the Promissory Note of $ 125,000 was repaid on March 23, 2021. Related Party Loans In order to finance transaction costs in”…
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 2021-05-25trust $224.0M → $224.0M +0%shares 19.3M → 20.2M +5%
trust account, redeemable shares, combination deadline +12 moved · 2 with no prior record of ours
- Trust account
- $224.0M$224.0M
- Redeemable shares
- 19.3M20.2M
- Combination deadline
- 2023-03-23 · unchanged
- Sponsor loans outstanding
- $125K · unchanged
SpacBrain reads this as $2,500 was added to the trust between the two filings.
The clause “$ 1,065,040 Prepaid expenses 376,177 Total current assets 1,441,217 Investments held in Trust Account 224,002,500 Total Assets $ 225,443,717 Liabilities and Stockholders’ Equity: Current liabilities: Accrued Expenses - related party $”…
SpacBrain reads this as 927,137 more shares carry a redemption right.
The clause …“authorized; 22,400,000 shares issued, 2,206,333 shares outstanding (excluding 20,193,667 shares subject to possible redemption) 221 Class B common stock, $ 0.0001 par value; 10,000,000 shares authorized; 5,600,000 shares issued and”…
The clause …“may have to consummate an initial Business Combination. The Company will have until March 23, 2023 to complete a Business Combination (the “Combination Period”). If the Company is unable to complete a Business Combination within”…
The clause …“of June 30, 2021 or the completion of the Initial Public Offering. The outstanding balance under the Promissory Note of $ 125,000 was repaid on March 23, 2021. 13 AF ACQUISITION CORP. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE”…
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.