Agriculture & Natural Solutions Acquisition Corp
ANSC · Nasdaq · formerly Decarbonization Plus Acquisition Corp V
NO ACTION REQUIRED
Nothing left to do
The cash went back to shareholders and the company wound up. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
Trust settled
There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
Change on the last daily close0.0% day
Cash per share for this window has not been filed yet, so there is no floor to measure this price against.
In plain terms
- What it is
- A SPAC from Agriculture & Natural Solutions Acquisition Sponsor LLC, listed on Nasdaq in November 2023.
- What it's doing now
- It never completed a purchase. The company wound up and the cash in the account went back to shareholders — the ordinary ending when a SPAC runs out of time. No agreed deal for it is on file with us, so we cannot say whether one was ever announced and later fell through.
- What you should know
- This SPAC has finished. The cash was paid back to shareholders and the company wound up, so there is nothing left to claim — the money went where the charter said it would.
At a glance
- Where it stands
- Liquidated
- Deal
- none — it wound up and returned the cash instead
- Industry
- no filing we hold states a sector this SPAC restricted its search to
- Deal value
- no deal to value — it wound up instead
- Price vs cash at settlement
- $11.46
- Cash in trust when it settled
- $376.7M
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 13 November 2023
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 712 FIFTH AVE., 36TH FLOOR, NEW YORK, NY, 10019
- registered in the Cayman Islands
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- LEUSCHEN DAVID M (Director) · Tepper Jeffrey (Director) · LAPEYRE PIERRE F JR
- Listed securities
- ANSC common · ANSCU unit $11.69 · ANSCW warrant $0.00
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
At the 10 November 2025 event.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
What has happened, and what is coming
4 dated milestonesEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
redemption rate not stated in the filing
Show the earlier 1 milestone
- 13 November 2023IPOpassed
IPO size not on file
Who has already taken their money back
1 filed eventEach time shareholders were offered their cash back, some took it. Heavy cash-outs drain the account and shrink the number of shares left — whatever remains has to carry the deal.
Worst single event
—
no filing states a pre-event share count
Shares redeemed, all events
1.58M
across every filed redemption event
Every figure below is stated in the linked filing; nothing here is estimated.
- Nov 10, 2025Extensionno rate stated
The score
deterministic, from filed fieldsANSC is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
Agriculture & Natural Solutions Acquisition Corp is a blank-check company whose common stock trades on the Nasdaq Stock Market under the ticker ANSC. The company priced its initial public offering on November 13, 2023, under SEC CIK 0001854149 and SIC industry code 6770, per 424B prospectus 0001193125-23-275217. The unit terms included a 1/2 warrant and $10 held in trust per unit, with a 24-month deadline. The company was still filing as of August 14, 2026, when it filed a 10-Q under accession number 0001193125-26-352196.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
This is the liquidation itself, not a warning of one: the securities are already delisted, the redemption of 100% of public shares is the only remaining distribution, and the ten-business-day clock started on August 12, 2026. The filing states no per-share redemption amount.
Redemption value is $11.44 per public share at June 30, 2026, and the trust is intact. Outside trust the shell holds $1 of cash against $22.2 million of current liabilities, of which $5.3 million is extension notes that grew by $3.95 million in six months.
This ends the vehicle on dates it states itself: the redemption right is exercised for holders automatically rather than by election, trading stops August 12, 2026, and cash of about $11.47 per public share is expected on or around August 19, 2026. Warrant holders are told explicitly they receive nothing. The trigger stated is the sponsor's decision to stop funding the monthly extension payments, not a failed vote. The $11.47 figure is the company's own estimate as of this filing and the final amount depends on the trust balance at redemption.
The extended date is now contingent on continued sponsor funding: if the warrant-holding affiliate misses a deposit, the termination date resets to 30 days later regardless of the calendar. The preliminary's unconditional November 13, 2026 date is not what holders are being asked to approve.
A full twelve months is sought in one step for a SPAC that is still searching, and the redemption election tied to this meeting is the exit for holders unwilling to wait. Two months earlier the same company held a routine annual meeting where Class A holders could not vote on directors.
This is the second registrant in a twenty-filing sample to file one report twice, once with the Rule 425 legend and once without, and it comes through a different filer agent from the Horizon Space pairs on the same day - so the duplication is a practice, not one agent's bug. Three such pairs account for six of the twenty 425s read in this slice. Any per-form coverage or activity count over 425 therefore double-counts, and a diff engine comparing consecutive 425s from one registrant will see a null change it should not report.
Show 7 more material filings
The report expressly declines to admit the materiality of what it furnishes, and states that the incorporated financial forecasts for AFA's fiscal year 2024 were prepared by the company, are unaudited and unreviewed by any of the parties' auditors, and should not be relied on as indicative of future results. No transaction consideration or valuation is stated in the report itself.
This single 425 carries two of the three species at once - a promotional deck and a roadshow transcript - under an announcement-shaped current report, which is why the form code alone says nothing about what a 425 contains. The report incorporates FY2024 forecasts for AFA by reference: net revenue, operating profit, G&A, EBITDA, free cash flow and derived ratios, none of which any auditor has audited, reviewed, compiled or performed procedures on. The exhibits themselves are not in the stored text, so no projected figure was read or recorded.
The AUD$780 million price and the intended NYSE ticker are the transaction's headline terms, and closing remains subject to ANSC shareholder approval, regulatory approvals including the Australian Treasurer, and other conditions.
This gives the deal's US-dollar equivalent and the exchange rate used to derive it, plus the historical return figure the sponsor is marketing. The 16% average annual return is the company's own characterisation of past performance, not a forecast of the combined entity.
Duplicate coverage of the same 8-K; the fact recorded is the party list and that ancillary agreements were signed alongside the business combination agreement, whose terms are not readable here.
The sellers are named: the Dalio revocable trust and Bell Group Holdings, the two shareholder groups behind AFA. The double merger-sub structure with an Australian NewCo affiliated with the sponsor is the vehicle through which the SPAC redomiciles the business.
An audit committee composition failure, which is a governance deficiency rather than a market-based one, so it is curable by appointment: the board says it intends to appoint an additional director meeting the Rule 5605(a)(2) independence criteria before the cure period ends. There is no immediate effect on the listing and the units, shares and warrants continue to trade as ANSCU, ANSC and ANSCW.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
What changed: Agriculture & Natural Solutions Acquisition Corporation reported under Item 3.01 that its Completion Window expired on August 12, 2026 without a business combination. The board determined that the company will cease all operations except for winding up, redeem 100% of the outstanding public shares as promptly as reasonably possible and not more than ten business days thereafter subject to lawfully available funds, and then dissolve and liquidate subject to shareholder and board approval and Cayman Islands creditor requirements. Why it matters: This is the liquidation itself, not a warning of one: the securities are already delisted, the redemption of 100% of public shares is the only remaining distribution, and the ten-business-day clock started on August 12, 2026. The filing states no per-share redemption amount.
What changed: Q2 2026 10-Q of Agriculture & Natural Solutions Acquisition Corporation (Nasdaq: ANSC). Cash held in trust was $376,705,935 at June 30, 2026 versus $365,968,284 at December 31, 2025, with 32,922,237 Class A shares subject to possible redemption at $11.44 per share versus $11.12. Cash outside trust is $1. Why it matters: Redemption value is $11.44 per public share at June 30, 2026, and the trust is intact. Outside trust the shell holds $1 of cash against $22.2 million of current liabilities, of which $5.3 million is extension notes that grew by $3.95 million in six months.
What changed vs 2026-05-14trust $371.3M → $376.7M +1%sponsor loan $4.8M → $6.8Mtrust account, sponsor loans outstanding, going-concern doubt +12 moved · 2 with no prior record of ours
- Trust account
- $371.3M$376.7M
- Sponsor loans outstanding
- $4.8M$6.8M
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 32.9M · unchanged
SpacBrain reads this as $5,392,336 was added to the trust between the two filings.
The clause “1 $ 1 Prepaid expenses 92,715 214,542 Total current assets 92,716 214,543 Cash held in Trust Account 376,705,935 365,968,284 Total Assets $ 376,798,651 $ 366,182,827 LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND”…
SpacBrain reads this as the sponsor has advanced $1,975,335 more.
The clause …“option is de minimis. As of June 30, 2026 and December 31, 2025, the combined outstanding balances under both promissory notes were $ 6,767,559 and $ 2,816,890 , respectively. Offering Costs Associated with the Public Offering Offering”…
The clause …“with management’s evaluation of the Company’s ability to continue as a going concern in accordance with FASB ASC Topic 205-40, “Presentation of Financial Statements – Going Concern,” the mandatory liquidation date and liquidity”…
The clause …“value; 500,000,000 shares authorized; none issued or outstanding (excluding 32,922,237 shares subject to possible redemption) at June 30, 2026 and December 31, 2025 - - Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares”…
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.
Show the other 10 filings
What changed: Agriculture Natural Solutions Acquisition Corporation (ANSC) filed a Form 8-K on July 31, 2026 under Item 8.01 announcing that it will LIQUIDATE. Why it matters: This ends the vehicle on dates it states itself: the redemption right is exercised for holders automatically rather than by election, trading stops August 12, 2026, and cash of about $11.47 per public share is expected on or around August 19, 2026. Warrant holders are told explicitly they receive nothing. The trigger stated is the sponsor's decision to stop funding the monthly extension payments, not a failed vote. The $11.47 figure is the company's own estimate as of this filing and the final amount depends on the trust balance at redemption.
- What changed vs 2025-11-12trust $378.2M → $371.3M -2%sponsor loan $658K → $4.8Mshares 34.5M → 32.9M -5%
trust account, sponsor loans outstanding, redeemable shares +13 moved · 1 with no prior record of ours
- Trust account
- $378.2M$371.3M
- Sponsor loans outstanding
- $658K$4.8M
- Redeemable shares
- 34.5M32.9M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $6,933,777 left the trust between the two filings.
The clause “$ 1 Prepaid expenses 153,629 214,542 Total current assets 153,630 214,543 Cash held in Trust Account 371,313,599 365,968,284 Total Assets $ 371,467,229 $ 366,182,827 LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND”…
SpacBrain reads this as the sponsor has advanced $4,133,779 more.
The clause …“is de minimis. As of March 31, 2026 and December 31, 2025, the combined outstanding balances under both promissory notes were $ 4,792,224 and $ 2,816,890 , respectively. Offering Costs Associated with the Public Offering Offering”…
SpacBrain reads this as 1,577,763 shares are no longer redeemable.
The clause …“value; 500,000,000 shares authorized; none issued or outstanding (excluding 32,922,237 shares subject to possible redemption) at March 31, 2026 and December 31, 2025 — — Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares”…
The clause …“with management’s evaluation of the Company’s ability to continue as a going concern in accordance with FASB ASC Topic 205-40, “Presentation of Financial Statements – Going Concern,” the mandatory liquidation date and liquidity”…
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 2025-03-28trust $366.1M → $366.0M -0%deadline 2025-11-13 → 2026-11-13shares 34.5M → 32.9M -5%
trust account, combination deadline, redeemable shares +33 moved · 3 with no prior record of ours
- Trust account
- $366.1M$366.0M
- Combination deadline
- 2025-11-132026-11-13
- Redeemable shares
- 34.5M32.9M
- Sponsor loans outstanding
- not previously extracted$2.8M
- Going-concern doubt
- stated · unchanged
- Mandate language
- We intend to focus our efforts on opportunities where our te… · unchanged
SpacBrain reads this as $93,877 left the trust between the two filings.
The clause “$ 1 Prepaid expenses 214,542 273,215 Total current assets 214,543 273,216 Cash held in Trust Account 365,968,284 366,062,161 Total Assets $ 366,182,827 $ 366,335,377 LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND”…
SpacBrain reads this as 365 days later than the previous record.
The clause …“unable to raise additional funds to alleviate liquidity needs and complete a business combination by November 13, 2026, then the Company will cease all operations except for the purpose of liquidating. The liquidity condition and date”…
SpacBrain reads this as 1,577,763 shares are no longer redeemable.
The clause …“value; 500,000,000 shares authorized; none issued or outstanding (excluding 32,922,237 and 34,500,000 shares subject to possible redemption) at December 31, 2025 and 2024, respectively - - Class B ordinary shares, $ 0.0001 par value;”…
The clause “Capital Note becoming immediately due and payable. As of December 31, 2025, the outstanding balance under the promissory notes was $2,816,890. The foregoing description of the Working Capital Note is qualified in its entirety by reference”…
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern." • You will not have any rights or interests in funds from the Trust Account, except”…
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.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
Agriculture & Natural Solutions Acquisition Sponsor LLCnamed as sponsor in this SPAC’s filings — but with no researched track record behind it yet.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1284 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
Unit: U = S + W/2 · 100.0% of the $10 unit
from 424B4 0001193125-23-275217
as of 17 August 2026
as of 12 August 2026
Trading & liquidity
Company profile
Directors & officers
- LEUSCHEN DAVID MDirector
- Tepper JeffreyDirector
- LAPEYRE PIERRE F JR10% owner
- HALL TED WDirector
- Tichio Robert M.Director
- Glover Robert JamesChief Executive Officer
- Smith Thomas JohnSee Remarks
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
6 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- Agriculture & Natural Solutions Acquisition Sponsor LLCwith 5 other reporting persons on the same schedule19.1% · SC 13GFeb 8, 2024 stale
- Wealthspring Capital LLCwith 1 other reporting person on the same schedule10.2% · SC 13GMar 8, 2024 stale
- First Trust Capital Management L.P.with 1 other reporting person on the same schedule9.0% · SC 13G/ANov 14, 2024 stale
- COWEN AND COMPANY, LLC6.2% · SC 13GFeb 2, 2024 stale
- AQR CAPITAL MANAGEMENT LLCwith 1 other reporting person on the same schedule5.8% · SC 13GNov 14, 2024 stale
- JPMORGAN CHASE & CO2.1% · SC 13G/ANov 5, 2024 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
39 full SEC filing texts archived — searchable, never lost.
- Vault note — ANSC (Agriculture & Natural Solutions Acquisition Corp)
vault-note · /vault/tickers/ANSC
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
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.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
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.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
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.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail3 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from the HISTORICAL census (EDGAR's SIC 6770 registrant list, walked in full: 3,325 registrants, 1,167 of which ever priced an IPO). The live discovery job cannot reach this registrant — it reads the filing tape, and this one stopped filing. Admission rule: src/lib/universe-admit.ts. SIC 6770 (Blank Checks); 424B 0001193125-23-275217 priced 2023-11-13; common ticker ANSC off 10-Q 0001193125-26-352196 (2026-08-14); lifecycle EXITED. Still filing (last filing 2026-08-14), no delisting or deregistration on file, so the status is SEARCHING exactly as the live job would set it. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
LIQUIDATED. Primary: 8-K filed 2026-07-31, accession 0001193125-26-328831, EX-99.1 "Agriculture & Natural Solutions Acquisition Corporation Announces its Intention to Liquidate". The release states, in its own words: the sponsor affiliate decided not to continue making extension payments under the promissory note issued 2025-11-10, so the Completion Window expires 2026-08-12; the board resolved to cease all operations except winding up and redeem the public Class A shares from the trust account; warrants carry no redemption or liquidating distribution rights and "will expire worthless"; the last day the securities trade on Nasdaq is 2026-08-12 and the public shares are deemed cancelled at close of business 2026-08-13. The per-share figure is the filing's OWN estimate and is recorded as one, not as a settled amount: "an estimated redemption price of approximately $11.47 per share", "expected to be paid out on or around August 19, 2026". Corroborated by two later filings on the same CIK: 25-NSE 2026-08-12 (0001354457-26-000782) and 8-K item 3.01 2026-08-18 (0001193125-26-355695). Verified against EDGAR by CIK 0001854149, not by name.
sponsor "Agriculture & Natural Solutions Acquisition Sponsor LLC" (SEC CIK 0001854166) sourced from Form 3 reportingOwner (10% owner) acc 0000950170-23-061414.