ALTU SEC filings, in plain English
Everything Altitude Acquisition Corp. has filed with the SEC that we hold — 40 filings, newest first, 2 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.
outside date1 moved
- Outside date
- 2024-03-112024-12-11
SpacBrain reads this as 275 days later than the previous record.
The clause …“the Proxy Statement/ Form S-4 effective on or prior to October 1, 2024, the Outside Date shall be automatically extended to December 11, 2024, and (ii) the party (i.e., Parent or Merger Sub, on one hand, or the Company, on the other”…
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 2023-08-14deadline 2023-12-11 → 2024-03-11sponsor loan $904K → $1.0M
combination deadline, sponsor loans outstanding, trust account +22 moved · 3 with no prior record of ours
- Combination deadline
- 2023-12-112024-03-11
- Sponsor loans outstanding
- $904K$1.0M
- Trust account
- $249.6M · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 1.33M · unchanged
SpacBrain reads this as 91 days later than the previous record.
The clause …“shareholder approval to (i) extend the Combination Period, monthly, up to March 11, 2024 and (ii) allow the Company to adjourn the shareholder meeting to a later date or dates if additional time is necessary to effectuate such”…
SpacBrain reads this as the sponsor has advanced $107,075 more.
The clause …“under any Working Capital Loans. At September 30, 2023, the Company owed the Sponsor or its affiliates $ 1,011,119 in advances and $ 135,000 in promissory notes and as of December 31, 2022, $ 802,644 related to these advances,”…
The clause …“right to redeem their shares for approximately $ 10.01 per share of the funds held in the Trust Account totaling $ 249,614,847 . On June 16, 2022, pursuant to the Investment Management Trust Agreement dated as of December 8, 2020”…
The clause …“well as the date for mandatory liquidation and subsequent dissolution raise substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities”…
The clause …“Class A common stock subject to possible redemption, $ 0.0001 par value, 1,334,645 and 1,672,102 shares subject to possible redemption at redemption value of $ 10.00 per share at September 30, 2023 and December 31, 2022,”…
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: Altitude Acquisition Corp. called a special meeting for December 6, 2023 at 10 a.m. Eastern Time, virtual, to extend the deadline from December 11, 2023 monthly up to three times, to March 11, 2024, by board resolution without another stockholder vote. The Company estimates the per-share redemption price at approximately $10.34 against a Nasdaq closing price of $10.15 on the November 7, 2023 record date. The proxy states that insiders can approve the Extension Amendment and Adjournment Proposals even if no other shares are voted in favor. Why it matters: Redemption at $10.34 beats the $10.15 market price by nineteen cents, so tendering was worth more than selling. The governance point is stark and stated outright: insiders hold enough shares to pass the extension unaided, so the vote is a formality and public holders' only real decision is whether to redeem. Three months of extension authority delegated to the board removes the recurring redemption windows that would otherwise follow.
What changed vs 2023-03-23deadline 2023-12-11 → 2024-03-11outside date, combination deadline, sponsor loans outstanding2 moved · 1 with no prior record of ours
- Outside date
- 2023-12-112024-03-11
- Combination deadline
- 2023-12-112024-03-11
- Sponsor loans outstanding
- $803Knot matched in this filing
SpacBrain reads this as 91 days later than the previous record.
The clause …“combination (the Extension ) from December 11, 2023 (the Current Outside Date ) monthly up to 3 times for an additional one month each time, up to March 11, 2024 (the Extended Date ) (the Extension Amendment Proposal”…
SpacBrain reads this as 91 days later than the previous record.
The clause …“Contents extend the Extended Date on a monthly basis 3 additional times until March 11, 2024, or a total of up to 3 months after the Current Outside Date by resolution of the Board. The Company entered into the Picard Business”…
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 2023-05-15sponsor loan $869K → $904Kshares 1.67M → 1.33M -20%
sponsor loans outstanding, redeemable shares, trust account +22 moved · 3 with no prior record of ours
- Sponsor loans outstanding
- $869K$904K
- Redeemable shares
- 1.67M1.33M
- Trust account
- $249.6M · unchanged
- Combination deadline
- 2023-12-11 · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as the sponsor has advanced $35,000 more.
The clause …“outstanding under any Working Capital Loans. At June 30, 2023, the Company owed the Sponsor or its affiliates $ 904,044 in advances and $ 135,000 in promissory notes and as of December 31, 2022, $ 802,644 related to these advances,”…
SpacBrain reads this as 337,457 shares are no longer redeemable.
The clause …“Class A common stock subject to possible redemption, $ 0.0001 par value, 1,334,645 and 1,672,102 shares subject to possible redemption at redemption value of $ 10.00 per share at June 30, 2023 and December 31, 2022, respectively”…
The clause …“right to redeem their shares for approximately $ 10.01 per share of the funds held in the Trust Account totaling $ 249,614,847 . On June 16, 2022, pursuant to the Investment Management Trust Agreement dated as of December 8, 2020”…
The clause …“eight times for an additional one month each time, from April 11, 2023 up to December 11, 2023 (each, a “Monthly Extension”). Additionally, the Company’s stockholders approved amendments to the Charter to provide for a the right of a”…
The clause …“well as the date for mandatory liquidation and subsequent dissolution raise substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities”…
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: Altitude Acquisition Corp. filed a preliminary proxy statement dated August 14, 2023 for a virtual special meeting whose date, time and address are all left blank, on the business combination agreement of April 23, 2023 with Picard Medical, Inc. Altitude Merger Sub I, Inc. merges into Picard, then the survivor merges into Altitude Merger Sub II, LLC, renamed Picard Medical, LLC; Altitude becomes Picard Medical Holdings, Inc. Picard's holders receive a pro rata portion of 48,000,000 shares of New Picard common stock and 6,500,000 warrants exercisable at $11.50. Why it matters: The 48,000,000-share pool is subject to adjustment for Picard's cash and indebtedness at closing, and up to 6,500,000 further Earnout Warrants sit in escrow, released only if the VWAP of New Picard common stock exceeds $12.50 for any 20 trading days within any 30 trading day period in the five years after closing. Picard's preferred stock and convertible notes convert into common before the first merger, so they share in that pool. The Sponsor has agreed to vote in favour and not to redeem or transfer its Founder Shares, and 100,000 shares and 30,000 warrants go to Altitude service providers.
- What changed vs 2022-11-14trust $300.0M → $249.6M -17%deadline 2023-04-11 → 2023-12-11sponsor loan $888K → $869Kshares 5.06M → 1.67M -67%
trust account, combination deadline, sponsor loans outstanding +24 moved · 1 with no prior record of ours
- Trust account
- $300.0M$249.6M
- Combination deadline
- 2023-04-112023-12-11
- Sponsor loans outstanding
- $888K$869K
- Redeemable shares
- 5.06M1.67M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $50,411,949 left the trust between the two filings.
The clause …“right to redeem their shares for approximately $ 10.01 per share of the funds held in the Trust Account totaling $ 249,614,847 . On June 16, 2022, pursuant to the Investment Management Trust Agreement dated as of December 8, 2020”…
SpacBrain reads this as 244 days later than the previous record.
The clause …“eight times for an additional one month each time, from April 11, 2023 up to December 11, 2023 (the “Extension Amendment”). Additionally, the Company’s stockholders approved amendments to the Charter to provide for a right of a holder”…
SpacBrain reads this as $19,379 of sponsor debt has come off.
The clause …“outstanding under any Working Capital Loans. At March 31, 2023, the Company owed the Sponsor or its affiliates $ 869,044 in advances and $ 135,000 in promissory notes and as of December 31, 2022, $ 802,644 related to these advances,”…
SpacBrain reads this as 3,382,949 shares are no longer redeemable.
The clause …“Class A common stock subject to possible redemption, $ 0.0001 par value, 1,672,102 shares subject to possible redemption at redemption value of $ 10.00 per share at March 31, 2023 and December 31, 2022 16,721,020 16,721,020”…
The clause …“As a result of the above, in connection with the Company’s assessment of going concern considerations in accordance with FASB’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to”…
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.