Artemis Strategic Investment Corp
ARTE · Nasdaq
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
No price history on file yet — daily closes accumulate from the market data feed.
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.
In plain terms
- What it is
- A SPAC from Artemis Sponsor, LLC, listed on Nasdaq in October 2021.
- 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
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- 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
- 1 October 2021
- size not on file · 102.0% of each $10 unit into trust
- Headquarters
- 3310 EAST CORONA AVENUE, PHOENIX, AZ, 85040
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- WANGER LEONARD (Director) · Shulak Scott (SVP, Acquisitions & Accounting) · Nodarse-Leon Andro (Director)
- Listed securities
- ARTE common
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 29 June 2023 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
2 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.
- 1 October 2021IPOpassed
IPO size not on file
redemption rate not stated in the filing
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
18.01M
across every filed redemption event
Every figure below is stated in the linked filing; nothing here is estimated.
- Jun 29, 2023Extensionno rate stated
The score
deterministic, from filed fieldsARTE 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
Artemis Strategic Investment Corp (Nasdaq: ARTE) was a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker ARTE. The company priced its initial public offering on October 1, 2021, pursuant to a 424B4 prospectus filed under SEC file number 333-253092, which belonged to an S-1 registration statement filed on February 12, 2021, registering shares sold for cash. The registrant self-described as a blank-check company in that prospectus and was classified under SEC SIC industry code 5122 (Wholesale-Drugs, Proprietaries & Druggists' Sundries). Artemis completed a business combination and no longer files, with the closing established by a Form 425 filed on September 19, 2023, describing a merger in which Merger Sub merged with and into Danam, with Danam surviving as a wholly-owned subsidiary of the company.
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.
The original registration statement was filed one day after the merger agreement's first amendment, so the terms it registers already reflect that change. The registered ceiling is 20,170,434 Class A shares. Artemis Sponsor, LLC acts as post-closing representative of the SPAC's own former stockholders, which places the sponsor — whose economics differ from public holders' — in a continuing fiduciary-adjacent role after the vote. Danam holders retain dissenters' rights. No vote date is stated in this portion.
The parties ascribe Novibet a pre-Business Combination enterprise value of $500 million, which anchors everything else in the deal. The warrant overhang is close in size to the share issuance: 20,062,500 warrants with 20,062,500 ordinary shares registered behind them, against 25,156,250 ordinary shares registered for the combination itself. An Artemis stockholder also ends up holding shares of a Jersey public limited company whose operating subsidiary is registered in Malta, rather than shares of a Delaware corporation.
The consideration is keyed to redemptions in an unusual way. Komisium receives cash of up to $50 million, being the excess of Gross Closing Proceeds over $100 million, plus a share number equal to $500 million less the Initial Share Premium less that cash, divided by $10.20 — not $10.00. If Artemis's public stockholders redeem 85% or more, Komisium receives a further 12,254,902 PubCo Ordinary Shares at closing; if redemptions fall short of 85%, those same shares are deferred into an earnout instead.
The agreement was amended the day before this amendment was filed, so the terms described here had just moved. The parties ascribe Novibet a pre-Business Combination enterprise value of $500 million, and expected ownership is approximately 29% for Artemis's public stockholders, 7% for the Sponsor and certain anchor investors, and 64% for Komisium — all on the assumptions of no redemptions, $50 million of Closing Cash Consideration to Komisium, no earnout shares and no warrants exercised. PubCo Ordinary Shares carry a $1.00 par value.
The minimum cash bar is unusually low and entirely the target's to drop: Novibet need not close if Net Closing Proceeds — trust funds plus Artemis's balance-sheet cash — are under $12,500,000, and it may waive that in its sole discretion. Heavy redemption is rewarded rather than punished: an Additional Closing Share Consideration of 12,254,902 PubCo ordinary shares goes to Komisium if redemptions reach or exceed 85% of Artemis's Class A common stock. Assuming none, Artemis's public stockholders hold about 29%, the Sponsor and anchor investors about 7% and Komisium about 64%.
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.
Show the other 10 filings
What changed: Artemis Strategic Investment Corporation ('Artemis', a Delaware corporation) filed its original Form S-4; the preliminary proxy statement/prospectus inside is dated September 8, 2023, subject to completion. It registers up to 20,170,434 Artemis Class A shares. The transaction is a merger of ASIC Merger Sub Inc. (a newly formed wholly owned Artemis subsidiary) into Danam Health, Inc. (Delaware), under an Agreement and Plan of Merger dated August 7, 2023 as amended by a First Amendment dated September 7, 2023. On closing Artemis will be renamed Danam Health Holding Corporation. Why it matters: The original registration statement was filed one day after the merger agreement's first amendment, so the terms it registers already reflect that change. The registered ceiling is 20,170,434 Class A shares. Artemis Sponsor, LLC acts as post-closing representative of the SPAC's own former stockholders, which places the sponsor — whose economics differ from public holders' — in a continuing fiduciary-adjacent role after the vote. Danam holders retain dissenters' rights. No vote date is stated in this portion.
outside date1 moved
- Outside date
- 2024-04-042023-12-26
SpacBrain reads this as 100 days earlier than the previous record.
The clause …“by the later of (x) sixty (60) days after the approval of Form S-4 and (y) December 26, 2023 (the “ Outside Date ”) (provided, that if Purchaser seeks and obtains an Extension, Purchaser shall have the right by providing written”…
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.
outside date1 moved
- Outside date
- 2024-04-042023-12-26
SpacBrain reads this as 100 days earlier than the previous record.
The clause …“of (x) 60 days after the approval of the Registration Statement; and (y) December 26, 2023 (the “ Outside Date ”), provided that Artemis shall have the right to extend the Outside Date if it obtains an extension of the deadline by”…
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.
Artemis 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 · 102.0% of the $10 unit
from 424B4 0001104659-21-122043
Trading & liquidity
Company profile
Directors & officers
- WANGER LEONARDDirector
- Shulak ScottSVP, Acquisitions & Accounting
- Nodarse-Leon AndroDirector
- Massion AnnaDirector
- KAPLAN PHILIP NCo-CEO and President
- Granite ThomasCFO, Treasurer and Secretary
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
11 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.
- TENOR CAPITAL MANAGEMENT Co., L.P.with 2 other reporting persons on the same schedule33.0% · SC 13GOct 6, 2021 stale
- Artemis Sponsor LLCwith 2 other reporting persons on the same schedule13.6% · SC 13GJan 28, 2022 stale
- BALYASNY ASSET MANAGEMENT LLCwith 13 other reporting persons on the same schedule7.7% · SC 13GFeb 14, 2023 stale
- Shaolin Capital Management LLC6.7% · SC 13GFeb 11, 2022 stale
- HGC Investment Management Inc.6.3% · SC 13GFeb 14, 2022 stale
- Saba Capital Management, L.P.with 1 other reporting person on the same schedule4.9% · SC 13G/AFeb 14, 2023 stale
- CITADEL ADVISORS LLCwith 5 other reporting persons on the same schedule0.0% · SC 13G/AFeb 14, 2024 stale
- FIR TREE CAPITAL MANAGEMENT LP0.0% · SC 13G/AFeb 14, 2024 stale
- Polar Asset Management Partners Inc.0.0% · SC 13G/AFeb 9, 2024 stale
- Beryl Capital Management LLCwith 2 other reporting persons on the same schedule0.0% · SC 13G/AFeb 10, 2023 stale
- NewGen Asset Management Ltdwith 2 other reporting persons on the same schedule0.0% · SC 13GOct 7, 2021 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 — ARTE (Artemis Strategic Investment Corp)
vault-note · /vault/tickers/ARTE
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 EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 5122 (Wholesale-Drugs, Proprietaries & Druggists' Sundries). The screen found it by filing SHAPE instead — S-1 2021-02-12 → 8-A12B 2021-09-29 → 424B4 2021-10-01 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 5122 + self-described blank check in 424B4 0001104659-21-122043; 424B 0001104659-21-122043 priced 2021-10-01 under S-1 0001104659-21-022127 (file 333-253092, an offering for cash); common ticker ARTE off 8-K 0001104659-23-112642 (2023-10-30); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-253092, which belongs to S-1 0001104659-21-022127 (2021-02-12) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2021-10-01). Ending PROVEN, not inferred: LIQUIDATED per Form 25 0001354457-23-000807 (2023-11-03) — Form 25 filed under 17 CFR 240.12d2-2(a)(1) — the rule for a class "called for redemption" or "redeemed or paid at maturity/retirement". For a SPAC that class is the public shares and that redemption is the trust going back (class: Class A Common Stock, Unit, Warrant). No wind-up press release was readable on the registrant's own file, so the per-share figure is not stored.. 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.
warrantStrike=11.5, unitSeparationDays=52 from the definitive prospectus (0001104659-21-122043). NOT FILLED: warrantCallPrice — no stated candidate; rightShareRatio — no stated candidate
sponsor "Artemis Sponsor, LLC" sourced from prospectus definition (10-K) acc 0001104659-22-009075.