ASCA SEC filings, in plain English
Everything ASPAC I Acquisition Corp. has filed with the SEC that we hold — 40 filings, newest first, 21 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 2023-03-03trust $70.7M → $69.7M -1%deadline 2023-10-17 → 2024-04-17
trust account, combination deadline, sponsor loans outstanding +32 moved · 4 with no prior record of ours
- Trust account
- $70.7M$69.7M
- Combination deadline
- 2023-10-172024-04-17
- Sponsor loans outstanding
- not previously extracted$560K
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus its search on the technology, m…not matched in this filing
- Redeemable shares
- 6.90M · unchanged
SpacBrain reads this as $1,004,702 left the trust between the two filings.
The clause …“to pay public shareholder redemptions 52,034,049 — Purchase of investment held in Trust Account — ( 69,690,000 ) Net cash provided by (used in) investing activities 51,254,049 ( 69,690,000 ) Cash Flows From Financing Activities:”…
SpacBrain reads this as 183 days later than the previous record.
The clause …“conjunction with any such amendment. If the Company is unable to complete a Business Combination by April 17, 2024 if the Company extends the period of time to consummate a Business Combination (the “Combination Period”), the Company”…
The clause …“upon the closing of the business combination. As of December 31, 2023, $ 560,000 was outstanding under the Loan. Note 10 – Subsequent Events In accordance with ASC 855, “Subsequent Events”, the Company evaluated subsequent events”…
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability continue as a “ going concern .” As of December 31, 2023, the Company had cash of $42,224 and a working capital deficit of”…
The clause …“1,794,000 shares issued and outstanding (excluding 1,932,471 shares and 6,900,000 shares subject to possible redemption at December 31, 2023 and December 31, 2022, respectively) — — Class B ordinary shares, no par value; 100”…
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: Items 1.01 and 8.01. On March 15, 2024 A SPAC I Acquisition Corp. issued an unsecured promissory note of up to $300,000 to its sponsor, A SPAC (Holdings) Acquisition Corp. The note is payable promptly on demand and in any event no later than the date the company terminates or consummates an initial business combination, bears no interest, and converts at the Sponsor option into warrants on the same terms as the public warrants at $1.00 each. The same day the company deposited $20,000 into trust, extending its deadline to April 17, 2024 and leaving approximately $21.5 million in trust. Why it matters: The fifth consecutive funded monthly step at $20,000, and the first that also puts a facility behind the payments: the company says the note's proceeds will be used to pay expenses including extension payments. The note is payable ON DEMAND, unlike the closing-contingent sponsor notes typical elsewhere, and converts into public-terms warrants rather than private placement warrants.
What changed: Announcement 425 — a supplement to the definitive proxy statement/prospectus filed on March 1, 2024 by A SPAC I Mini Acquisition Corp. (British Virgin Islands) with A SPAC I Acquisition Corp. (ASCA) as subject company. ASCA filed a DEFM14A and PubCo a Rule 424(b)(3) prospectus (Reg. No. 333-275208) on February 14, 2024 for a special meeting first held March 1, 2024. The supplement discloses that the chairman adjourned that meeting to March 4, 2024 at 9:00 a.m. ET, held at Loeb & Loeb in New York and by webcast, and that the redemption request deadline was NOT extended. Why it matters: This is the first filing in the ASCA series to name a transaction at all: after eight months of $90,000-then-$20,000 monthly extension deposits with no target disclosed, ASCA is voting on a combination with A SPAC I Mini Acquisition Corp. and its registration is effective. The operative detail for holders is the asymmetry — the meeting moved but the redemption deadline did not, so anyone who had not already tendered by the original cut-off cannot use the extra days to exit. Watch the March 4 vote and the final redemption count against the shrunken trust.
What changed: Item 8.01 other events. On February 15, 2024 A SPAC I Acquisition Corp. made a $20,000 deposit (the Extension Payment) to the trust account and extended the period it has to consummate an initial business combination from February 17, 2024 to March 17, 2024. The filing states that following the deposit, the amount of funds remaining in the trust account was approximately $21.4 million. Why it matters: The fourth consecutive funded monthly step at $20,000. The stated trust balance continues to rise — approximately $21.1 million, $21.17 million, $21.29 million and now $21.4 million across the four reports — with no redemptions reported in between, so accrued interest exceeds the deposits.
What changed: A SPAC I Acquisition Corp. issued a proxy/prospectus dated February 14, 2024, mailed on or about February 16, 2024, for a special meeting on March 1, 2024 at 9 a.m. ET at Loeb & Loeb in New York and by webcast, to approve a merger agreement dated February 15, 2023 and amended June 12, 2023 and December 6, 2023 with PubCo, merger sub, NewGenIvf and its principal shareholders. Aggregate consideration for the acquisition merger is $50,000,000. Why it matters: Trust of roughly $21.27 million against a $50 million purchase price means the SPAC cannot fund the deal in cash even with no redemptions, so consideration is being paid in stock and the combined company will start thinly capitalised. The maximum-redemption case of 1,932,471 shares leaves existing shareholders about 30.0% of PubCo, so control passes to the NewGenIvf principal shareholders either way. Units carry three-quarters of a warrant at $11.50 plus a right to one-tenth of a share, and the rights convert automatically, adding shares at closing whether or not a holder participates.
What changed: Item 8.01 other events. On January 15, 2024 A SPAC I Acquisition Corp. made a $20,000 deposit (the Extension Payment) to the trust account and extended the period it has to consummate an initial business combination from January 17, 2024 to February 17, 2024. The filing states that following the deposit, the amount of funds remaining in the trust account was approximately $21.29 million. Why it matters: The third consecutive funded monthly step at $20,000. The stated trust balance has risen from approximately $21.1 million (November 13) to $21.17 million (December 13) to $21.29 million here, an increase larger than the deposits, and no redemptions are reported in between.
What changed: Item 8.01 other events. On December 13, 2023 A SPAC I Acquisition Corp. made a $20,000 deposit (the Extension Payment) to the trust account and extended the period it has to consummate an initial business combination from December 17, 2023 to January 17, 2024. The filing states that following the deposit, the amount of funds remaining in the trust account was approximately $21.17 million. Why it matters: The second funded monthly step in a month, on identical $20,000 terms. The stated trust balance moved from approximately $21.1 million on November 13 to approximately $21.17 million here, so no material redemption occurred between the two deposits and the increase exceeds the deposit itself.
What changed: EXHIBIT-ONLY EXTRACT: the stored copy is Exhibit 2.1, not the 425 report body. It is the Second Amendment, dated 6 December 2023, to the merger agreement of 15 February 2023 (first amended 12 June 2023) among NewGenIvf Limited, its principal shareholders, A SPAC I Acquisition Corp. as parent, A SPAC I Mini Acquisition Corp. as purchaser and A SPAC I Mini Sub Acquisition Corp. as merger sub. It creates a new class of consideration - Additional Closing Shares - for Company Shares issued after the signing date, and fixes the post-closing board at five, two executive and three independent. Why it matters: The amendment exists because the target's share count moved after signing: the restated capitalisation representation says 601,830 ordinary shares were outstanding on 15 February 2023 and 698,123 are outstanding at closing, a 16 per cent increase, and those 96,293 new shares had no consideration mechanic under the original agreement. The exchange ratio schedule is Exhibit B and is not in the portion read, so the dilution to SPAC shareholders cannot be quantified from this document and was not estimated.(flagged for human review)
What changed: Item 8.01 other events. On November 13, 2023 A SPAC I Acquisition Corp. made a $20,000 deposit (the Extension Payment) to the trust account and extended the period it has to consummate an initial business combination from November 17, 2023 to December 17, 2023. The filing states that following the deposit, the amount of funds remaining in the trust account was approximately $21.1 million. Why it matters: A funded one-month extension with the resulting trust balance stated in the report: approximately $21.1 million after the $20,000 payment. The extension payment is small relative to the trust, so the per-share trust value is essentially unchanged by the deposit itself. Filed a week after the November 7 Nasdaq 300-holder deficiency notice.
What changed: Announcement 425 (8-K, Item 8.01) by A SPAC I Acquisition Corp., November 13, 2023: an Extension Payment of $20,000 was deposited into trust, moving the business combination deadline from November 17, 2023 to December 17, 2023, with approximately $21.1 million left in trust afterwards. Both figures break the earlier pattern — the three prior monthly deposits were $90,000 each and trust stood at approximately $39.1 million on September 12, 2023. Still no target, agreement, meeting date or redemption detail appears in the document. Why it matters: The two changed numbers are the story this filing does not tell: trust fell from roughly $39.1 million to $21.1 million, so approximately $18 million was redeemed out at an intervening extension vote, and the monthly deposit dropped from $90,000 to $20,000 because it is scaled to the shrunken public float. That is a SPAC losing about half its trust while still having named no target, five months into monthly extensions. Watch the December 17 deposit and whether the remaining trust is large enough to interest any target at all.
- What changed vs 2023-08-17deadline 2023-10-17 → 2024-04-17sponsor loan $390K → $530K
combination deadline, sponsor loans outstanding, trust account +12 moved · 2 with no prior record of ours
- Combination deadline
- 2023-10-172024-04-17
- Sponsor loans outstanding
- $390K$530K
- Trust account
- $69.7M · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as 183 days later than the previous record.
The clause …“conjunction with any such amendment. If the Company is unable to complete a Business Combination by April 17, 2024 if the Company extends the period of time to consummate a Business Combination (the “Combination Period”), the Company”…
SpacBrain reads this as the sponsor has advanced $140,139 more.
The clause …“upon the closing of the business combination. As of September 30, 2023, $ 530,000 was outstanding under the Loan. Note 10 – Subsequent Events In accordance with ASC 855, “Subsequent Events”, the Company evaluated subsequent events”…
The clause …“to pay public shareholder redemptions 33,677,630 — Purchase of investment held in Trust Account — ( 69,690,000 ) Net cash provided by (used in) investing activities 32,957,630 ( 69,690,000 ) Cash Flows from Financing Activities:”…
The clause …“liquidate the Trust Account. In connection with the Company’s assessment of going concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures of”…
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: Item 3.01 listing deficiency. On November 7, 2023 A SPAC I Acquisition Corp. received a letter from Nasdaq stating that it no longer complies with the continued listing rules on the Nasdaq Capital Market because it has not maintained a minimum of 300 public holders, as required by Listing Rule 5550(a)(3). The company has 45 calendar days to submit a plan to regain compliance and says it plans to submit one within that period. Why it matters: A holder-count deficiency, the standard consequence of heavy redemptions shrinking the public float. The filing states that if Nasdaq accepts the plan it CAN grant an extension of up to 180 calendar days from the date of the letter to evidence compliance — an outcome contingent on acceptance, not a granted extension. The report names no consequence for the trust or for any pending transaction.
What changed: A SPAC I Acquisition Corp. called an extraordinary general meeting for October 9, 2023 at 9:30 a.m. Eastern Time at Loeb & Loeb LLP, to amend and restate its Charter and allow up to six one-month extensions from October 17, 2023 to April 17, 2024, which is 26 months from the IPO. Each one-month Extension Payment is $20,000, and the proxy states that assuming no redemptions six such payments would add approximately $0.03 per public share in total. The current Charter had already permitted eight one-month extensions from February 17, 2023 to October 17, 2023. Why it matters: The company quantifies the benefit itself: about three cents per share across six months, for a fourteenth month of extensions on a vehicle 20 months past its IPO. That is effectively free time for the sponsor. An NTA requirement amendment accompanies the extension, which would remove the floor that otherwise blocks redemptions from emptying the trust. Redeeming at each vote returns the accumulated trust value rather than funding another half-year of searching.
What changed vs 2023-01-17deadline 2023-10-17 → 2024-04-17combination deadline1 moved
- Combination deadline
- 2023-10-172024-04-17
SpacBrain reads this as 183 days later than the previous record.
The clause …“to have their shares redeemed for cash if the Company has not completed a business combination by April 17, 2024 (if extended to the maximum time allowed). A SPAC (Holdings) Acquisition Corp. (the “ Sponsor ”) owns (i) an aggregate”…
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: Item 8.01: A SPAC I Acquisition Corp. reports that on September 12, 2023 it deposited $90,000 into the trust account as an Extension Payment and thereby extended the period in which it must consummate an initial business combination from September 17, 2023 to October 17, 2023. The filing states that following the deposit the amount of funds remaining in the trust account was approximately $39.1 million. The report carries no other item and runs to under 3,500 characters including the signature block. Why it matters: The sixth $90,000 month on identical terms, the sequence running April 11, May 11, July 12, August 11 and now September 12, 2023. The date this filing establishes is October 17, 2023 and it states nothing about how many further months remain available. The trust has risen from approximately $37.9 million to approximately $39.1 million across the five reports, which the company states without attributing the change.
What changed: Announcement 425 (8-K, Item 8.01) by A SPAC I Acquisition Corp., September 12, 2023: a third consecutive $90,000 Extension Payment into trust, moving the deadline to complete an initial business combination from September 17, 2023 to October 17, 2023. The company reports approximately $39.1 million left in trust after the deposit, against approximately $38.8 million reported on August 11 and $38.5 million on July 12, 2023. As with the prior two notices, no target, business combination agreement, PIPE, meeting date or redemption information appears anywhere in the document. Why it matters: Third month, same $90,000, same one-month step: this SPAC is renting time rather than progressing a deal. The trust has grown roughly $600,000 across the three notices — deposits plus interest — so per-share trust value keeps accreting for holders who do not redeem, which is the only economics on offer here. The signal to watch is the chain breaking: a missed October deposit, or a charter deadline reached with still no named target, points to liquidation and a return of trust rather than a combination.
- What changed vs 2023-05-11sponsor loan $515K → $390K
sponsor loans outstanding, trust account, combination deadline +21 moved · 4 with no prior record of ours
- Sponsor loans outstanding
- $515K$390K
- Trust account
- $69.7M · unchanged
- Combination deadline
- 2023-10-17 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 6.90Mnot matched in this filing
SpacBrain reads this as $125,139 of sponsor debt has come off.
The clause “TO UNAUDITED CONDENSED FINANCIAL STATEMENTS As of June 30, 2023, $ 500,000 and $ 389,861 were outstanding under Promissory Note A and Promissory Note B, respectively. On June 12, 2023, the Company issued an unsecured promissory note in”…
The clause …“to pay public shareholder redemptions 33,677,630 — Purchase of investment held in Trust Account — ( 69,690,000 ) Net cash provided by (used in) investing activities 33,227,630 ( 69,690,000 ) Cash Flows from Financing Activities:”…
The clause …“conjunction with any such amendment. If the Company is unable to complete a Business Combination by October 17, 2023 if the Company extends the period of time to consummate a Business Combination (the “Combination Period”), the”…
The clause …“liquidate the Trust Account. In connection with the Company’s assessment of going concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures of”…
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: Item 8.01: A SPAC I Acquisition Corp. reports that on August 11, 2023 it deposited $90,000 into the trust account as an Extension Payment and thereby extended the period in which it must consummate an initial business combination from August 17, 2023 to September 17, 2023. The filing states that following the deposit the amount of funds remaining in the trust account was approximately $38.8 million. The report carries no other item and runs to under 3,500 characters including the signature block. Why it matters: The fifth $90,000 month on identical terms, the sequence running April 11, May 11, July 12 and now August 11. The date this filing establishes is September 17, 2023 and it states nothing about how many further months remain available. The trust has risen from approximately $37.9 million to approximately $38.8 million across the four reports, which the company states without attributing the change.
What changed: Announcement 425 (8-K, Item 8.01) filed by A SPAC I Acquisition Corp. itself on August 11, 2023: a further $90,000 Extension Payment was deposited into the trust account, moving the business-combination deadline from August 17, 2023 to September 17, 2023. The company states approximately $38.8 million remained in trust after the deposit, up from the approximately $38.5 million it reported after the identical July 12, 2023 payment. No target, merger agreement, PIPE or meeting date is disclosed anywhere in the document. Why it matters: The second identical monthly extension in a row: $90,000 buys 30 days and nothing else changes. The ~$300,000 rise in trust between July 12 and August 11 is the deposit plus interest, so the per-share trust value is still accreting for holders who stay. What matters is the absence — two months of 425 filings with no named target means this is IR/clock maintenance, not deal progress. Watch whether the September 17 deposit is made and whether a business combination is ever announced before the extension chain stops.
What changed: Item 8.01: A SPAC I Acquisition Corp. reports that on July 12, 2023 it deposited $90,000 into the trust account as an Extension Payment and thereby extended the period in which it must consummate an initial business combination from July 17, 2023 to August 17, 2023. The filing states that following the deposit the amount of funds remaining in the trust account was approximately $38.5 million. The report carries no other item and runs to under 3,500 characters including the signature block. Why it matters: The fourth consecutive $90,000 month on identical terms, the sequence running April 11, May 11, and now July 12. The date this filing establishes is August 17, 2023 and it states nothing about how many further months remain available. The trust has moved from approximately $37.9 million through $38.1 million to approximately $38.5 million across the three reports, which the company states without attributing the change.
What changed: Announcement 425 (an 8-K body, Item 8.01) by A SPAC I Acquisition Corp. itself, dated July 12, 2023: the company deposited a $90,000 Extension Payment into trust and extended its deadline to complete an initial business combination by one month, from July 17, 2023 to August 17, 2023. It states that after the deposit approximately $38.5 million remained in the trust account. No target, merger agreement or financing terms appear in the document; it is a bare monthly extension notice signed by CEO/CFO Claudius Tsang. Why it matters: This is a real status change, but only of the clock: the SPAC bought exactly one more month for $90,000, which implies a small-per-month sponsor pay-to-play structure rather than deal momentum. The ~$38.5 million trust figure is company disclosure, not a speaker's estimate. Holders should watch whether the next $90,000 deposit lands before August 17, 2023 and whether a target is ever named — repeated one-month extensions with no announced business combination are the classic run-up to liquidation.
What changed: 425 of the announcement type wrapping an 8-K with two separate events: an amendment to the February 15, 2023 Merger Agreement with NewGenIvf Limited (with related unregistered-securities and financial-obligation items), and, under Item 8.01, a third consecutive $90,000 Extension Payment on June 13, 2023 that moved the deadline from June 17, 2023 to July 17, 2023, after which the trust held approximately $38.4 million. Why it matters: Third month, third $90,000, and the trust rises approximately $37.9m to $38.1m to $38.4m across the three filings - the deposits, not interest, are what move it. The document also shows why form code is a poor guide to content: one accession carries a merger-agreement amendment AND a routine extension payment. Detect-only: the July 17, 2023 date and the approximately $38.4 million were not written to any deadline, trust or floor field, and the amendment's terms are in an exhibit that was not read.
What changed: Item 1.01: On June 12, 2023 A SPAC I Acquisition Corp. signed a First Amendment to its February 15, 2023 Merger Agreement with NewGenIvf Limited. NewGen agreed to lend up to $560,000, interest-free, to fund further extensions and working capital, repayable only on closing of the Acquisition Merger. Subject to receiving at least $140,000 of that money, A SPAC I waived its termination rights and its right to any Break-up Fee arising from NewGen's failure to deliver U.S. GAAP financials by February 28, 2023. It also issued a $200,000 sponsor note convertible into public-terms warrants at $1.00. Why it matters: The target is now funding the SPAC's extensions, and the price of that money is the SPAC's own remedies: for $140,000 A SPAC I gave up the right to terminate and to collect a break-up fee over a missed financial-statement deliverable. That the U.S. GAAP financials were not delivered by February 28, 2023 is itself disclosed here. Loans repayable ONLY on closing also align the target's recovery with the deal completing.
What changed: Item 8.01: A SPAC I Acquisition Corp. reports that on May 11, 2023 it deposited $90,000 into the trust account as an Extension Payment and thereby extended the period in which it must consummate an initial business combination from May 17, 2023 to June 17, 2023. The filing states that following the deposit the amount of funds remaining in the trust account was approximately $38.1 million. The report carries no other item and runs to under 4,000 characters including the signature block. Why it matters: The second consecutive month bought at $90,000, on the same terms as the April 11 payment that ran the date to May 17. The date this filing establishes is June 17, 2023 and nothing here states how many further monthly payments are available. The trust figure moved from approximately $37.9 million to approximately $38.1 million between the two deposits, which the filings state without attributing the change.
What changed: 425 of the announcement type wrapping an 8-K Item 8.01: on May 11, 2023 the company deposited a further $90,000 Extension Payment into trust and extended the time to complete an initial business combination from May 17, 2023 to June 17, 2023. The filing states that after the deposit the trust held approximately $38.1 million, against approximately $37.9 million reported after the identical $90,000 payment on April 11, 2023. No target, vote, redemption election or proxy legend appears. Why it matters: A second consecutive monthly extension at the same $90,000 price, and the pair of filings shows the mechanism plainly: the deadline advances one month at a time and only while someone keeps paying, so any date taken from either filing is valid for at most a month. The approximately $38.1 million is a May 11, 2023 figure rounded to the nearest hundred thousand, not a per-share redemption value. Detect-only: nothing written to a deadline, trust or floor field.
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.