AKIC SEC filings, in plain English
Everything Sports Ventures 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 vs 2022-08-15trust $230.4M → $231.4M +0%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $230.4M$231.4M
- Combination deadline
- 2023-01-08 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 23.0M · unchanged
SpacBrain reads this as $1,045,189 was added to the trust between the two filings.
The clause “0 376,485 Total current assets 148,235 816,960 Other assets — 6,189 Investments held in Trust Account 231,398,529 230,026,577 Total Assets $ 231,546,764 $ 230,849,726 Liabilities, Commitments and Contingencies, and Shareholders’ Deficit”…
The clause …“Placement Warrants (see Note 9). If the Company does not complete its initial Business Combination by January 8, 2023, the proceeds from the sale of the Private Placement Units held in the Trust Account will be used to fund the”…
The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern” (“ASU 2014-14”), the Company’s management has determined that its liquidity and the mandatory liquidation and subsequent dissolution, should”…
The clause “000,000 shares authorized, 660,000 shares issued and outstanding (excluding the 23,000,000 shares subject to possible redemption) 66 66 Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares authorized; 5,750,000 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 2022-05-16trust $230.0M → $230.4M +0%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $230.0M$230.4M
- Combination deadline
- 2023-01-08 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 23.0M · unchanged
SpacBrain reads this as $304,894 was added to the trust between the two filings.
The clause “1 376,485 Total current assets 256,845 816,960 Other assets — 6,189 Investments held in Trust Account 230,353,340 230,026,577 Total Assets $ 230,610,185 $ 230,849,726 Liabilities, Commitments and Contingencies, and Shareholders’ Deficit”…
The clause …“Placement Warrants (see Note 9). If the Company does not complete its initial Business Combination by January 8, 2023, the proceeds from the sale of the Private Placement Units held in the Trust Account will be used to fund the”…
The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern” (“ASU 2014-14”), the Company’s management has determined that its liquidity and the mandatory liquidation and subsequent dissolution, should”…
The clause “000,000 shares authorized, 660,000 shares issued and outstanding (excluding the 23,000,000 shares subject to possible redemption) 66 66 Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares authorized; 5,750,000 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 2021-11-15trust $230.0M → $230.0M +0%going concern APPEARED
trust account, going-concern doubt, combination deadline +12 moved · 2 with no prior record of ours
- Trust account
- $230.0M$230.0M
- Going-concern doubt
- not statedstated
- Combination deadline
- 2023-01-08 · unchanged
- Redeemable shares
- 23.0M · unchanged
SpacBrain reads this as $26,729 was added to the trust between the two filings.
The clause “9 376,485 Total current assets 483,297 816,960 Other assets — 6,189 Investments held in Trust Account 230,048,446 230,026,577 Total Assets $ 230,531,743 $ 230,849,726 Liabilities, Commitments and Contingencies, and Shareholders’ Deficit”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that the mandatory liquidation and subsequent dissolution, should the Company be unable to complete a business”…
The clause …“Placement Warrants (see Note 9). If the Company does not complete its initial Business Combination by January 8, 2023, the proceeds from the sale of the Private Placement Units held in the Trust Account will be used to fund the”…
The clause “000,000 shares authorized, 660,000 shares issued and outstanding (excluding the 23,000,000 shares subject to possible redemption) 66 66 Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares authorized; 5,750,000 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: Sports Ventures Acquisition Corp.'s preliminary proxy statement for an extraordinary general meeting, subject to completion and dated March 16, 2022, for the business combination with DNEG. The meeting date and the record date are both left blank. The sponsor owns approximately 19.6% of SVAC's outstanding ordinary shares, consisting of 5,750,000 Class B ordinary shares, and has agreed under the Sponsor Support Agreement to vote in favour of the transaction and to waive its redemption rights. Why it matters: Minimum Cash is defined as $350 million and must be in hand immediately prior to closing, counting the funds remaining in the trust account and the net proceeds actually received from the PIPE. The trust held approximately $230 million at December 31, 2021, about $10.00 per outstanding public share, and the PIPE is 16,800,000 Class A ordinary shares at $10.00 per share, so the condition leaves little room for redemptions. The target side carries its own arrangement, the PFL Agreement with Prime Focus Limited dated January 25, 2022.
- What changed vs 2021-03-30going concern APPEARED
going-concern doubt, trust account, combination deadline +11 moved · 3 with no prior record of ours
- Going-concern doubt
- not statedstated
- Trust account
- not previously extracted$230.0M
- Combination deadline
- 2023-01-08 · unchanged
- Sponsor loans outstanding
- $22Knot matched in this filing
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“date for mandatory liquidation and subsequent dissolution raises substantial doubt about our ability to continue as a going concern. Risks Related to the Proposed Prime Focus Business Combination ● our sponsor, our officers”…
The clause …“in U.S. government securities. As of December 31, 2021, we had investments held in the trust account of $230,026,577 consisting of money market funds. Income on the balance in the trust account may be used to pay taxes. Through”…
The clause …“Placement Warrants (see Note 9). If the Company does not complete its initial Business Combination by January 8, 2023, the proceeds from the sale of the Private Placement Units held in the Trust Account will be used to fund 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.
- What changed vs 2021-08-16trust $230.0M → $230.0M +0%shares 21.0M → 23.0M +9%
trust account, redeemable shares, combination deadline2 moved · 1 with no prior record of ours
- Trust account
- $230.0M$230.0M
- Redeemable shares
- 21.0M23.0M
- Combination deadline
- 2023-01-08 · unchanged
SpacBrain reads this as $2,959 was added to the trust between the two filings.
The clause …“400,639 — Total current assets 976,353 Other assets 101,084 — Investments held in Trust Account 230,021,717 — Total Assets $ 231,099,154 $ 154,103 Liabilities, Commitments and Contingencies, and Shareholders’ Deficit Current”…
SpacBrain reads this as 1,969,949 more shares carry a redemption right.
The clause …“and Contingencies Class A ordinary shares subject to possible redemption, 23,000,000 and 0 shares subject to possible redemption at redemption value at September 30, 2021 and December 31, 2020, respectively 230,000,000 —”…
The clause “Placement Warrants (see Note 10). If the Company does not complete its initial Business Combination by January 8, 2023, the proceeds from the sale of the Private Placement Units held in the Trust Account will be used to fund 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.