AMERICAS TECHNOLOGY ACQUISITION CORP.
ATA · NYSE
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
The last figure filed while this was still a SPAC.
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, listed on NYSE in December 2020. Each unit put $10.10 into the shareholders' cash account at listing; by the end it held $10.59 a share — interest earned on the account, plus any payments the sponsor made to extend the deadline, spread over the shares that never cashed out.
- 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
- 16 December 2020
- size not on file · 101.0% of each $10 unit into trust
- Headquarters
- 16400 DALLAS PARKWAY SUITE 305, DALLAS, TX, 75249
- registered in the Cayman Islands
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Harris Lisa Stewart (Director) · Visoso Juan Pablo (Chief Financial Officer) · Wilson Royce E. (Director)
- Listed securities
- ATA common
As last filed — the filing date is not recorded. That was the account's last filed value before it was settled — the company does not hold it now.
At the 14 June 2022 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.
- $10.59 a share is the last cash figure filed while this was still a SPAC. It is a record of what the account held, not money anyone can ask for now.
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.
- 16 December 2020IPOpassed
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
7.36M
across every filed redemption event
Every figure below is stated in the linked filing; nothing here is estimated.
- Jun 14, 2022Extensionno rate stated
The score
deterministic, from filed fieldsATA 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
AMERICAS TECHNOLOGY ACQUISITION CORP. was a blank-check company with SEC CIK 0001825254 that traded on the New York Stock Exchange under the ticker ATA and operated under SEC SIC industry code 7389. The company priced its initial public offering on December 16, 2020, registering shares for cash under SEC file number 333-250841. On December 13, 2022, the company filed an 8-K (accession no. 0001104659-22-126468) announcing the redemption of all outstanding public shares at a per-share price of approximately $10.59. As of the close of business on December 17, 2022, the public shares were deemed cancelled, completing the liquidation and return of trust cash to shareholders.
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 Merger Consideration is newly issued Pubco securities valued at $165,000,000, adjusted for Rally's closing debt net of cash and its accrued unpaid transaction expenses. Each ATAC common share converts into one Pubco common share plus one contingent value right, except for shares held by the Sponsor and by EarlyBirdCapital, Inc., which waive their CVRs. 3,000,000 Pubco shares go into a CVR escrow — 2,250,000 withheld from the Merger Consideration and 750,000 from the Sponsor's shares — and are released around the eighteen-month anniversary of Closing.
A $0.10 per-share deposit is at the generous end for 2022, adding about 1% of a $10 share, but the $500,000 cap means the full rate only applies if the float falls to five million shares or fewer, so holders should expect proportionately less if redemptions are light. The proxy's own example runs to September 17, 2022, implying a three-month horizon rather than the longer extensions common later in the cycle. Redemption at pro rata trust value remains available regardless of how a holder votes.
The deadline arithmetic is printed backwards. The base date is 17 December 2021, twelve months from closing, extendable twice by three months on $1,150,000 deposits each - yet the report twice says the extended date is 'June 17, 2021', six months BEFORE the unextended deadline rather than after it. The correct extended date is June 2022. Both management and the auditor state going-concern doubt tied to 17 December 2021. Separately, the permanent-equity line excludes '11,161,225' shares where the temporary-equity line says 11,161,255.
The clock is short and the trust is over-funded: the company must consummate an initial business combination within 12 months from the closing of the offering, or up to 18 months if it extends, and the sponsor and EarlyBirdCapital buy additional private warrants at $1.00 pro rata with any overallotment so that at least $10.10 per public share is held in trust. The warrant call requires the last sales price at or above $18.00 for any 20 trading days in a 30-trading-day period commencing on the date the warrants become exercisable, at $0.01 per warrant on 30 days' notice.
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
trust account, combination deadline, going-concern doubt +1nothing moved · 4 with no prior record of ours
- Trust account
- $116.2M · unchanged
- Combination deadline
- 2022-12-17 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 4.14M · unchanged
The clause …“of $ 43,261,353 in money market securities. At December 31, 2021, assets held in the Trust Account were comprised of $ 116,173,808 in money market securities. From September 8, 2020 (inception) through September 30, 2022, the”…
The clause …“there can be no assurance that the Company will be able to consummate any Business Combination by December 17, 2022. NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited”…
The clause …“Business Combination not occur, and potential subsequent dissolution, raises 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 “0,000,000 shares authorized; 3,000,000 shares issued and outstanding (excluding 4,137,658 and 11,500,000 shares subject to possible redemption) as of September 30, 2022 and December 31, 2021, respectively. 300 300 Additional paid-in”…
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: Preliminary proxy statement/prospectus of Americas Technology Acquisition Corp., subject to completion, dated November 10, 2022, for a virtual extraordinary general meeting at 10:00 a.m. Eastern Time on a date left blank. ATAC entered into an Agreement and Plan of Merger on June 1, 2022 with Rally Communitas Corp., amended on July 26, 2022 and again on November 8, 2022. ATAC first transfers by way of continuation out of the Cayman Islands into Delaware, then Purchaser Merger Sub merges into ATAC and Company Merger Sub merges into Rally, leaving both as subsidiaries of Pubco. Why it matters: The Merger Consideration is newly issued Pubco securities valued at $165,000,000, adjusted for Rally's closing debt net of cash and its accrued unpaid transaction expenses. Each ATAC common share converts into one Pubco common share plus one contingent value right, except for shares held by the Sponsor and by EarlyBirdCapital, Inc., which waive their CVRs. 3,000,000 Pubco shares go into a CVR escrow — 2,250,000 withheld from the Merger Consideration and 750,000 from the Sponsor's shares — and are released around the eighteen-month anniversary of Closing.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
No sponsor entity is named in the filings parsed for this SPAC so far.
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
That was the figure at listing. It is $10.59 a share today — interest on the account, plus any sponsor payments made to extend the deadline, spread over the shares that never cashed out. Unit: U = S + W/2 · 101.0% of the $10 unit
from 424B4 0001104659-20-136182
Trading & liquidity
Company profile
Directors & officers
- Harris Lisa StewartDirector
- Visoso Juan PabloChief Financial Officer
- Wilson Royce E.Director
- Pontonio AlbertoDirector
- Marcos JorgeChief Executive Officer
- Garza Antonio ODirector
- Angelone MaurizioDirector
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
5 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.
- ATAC Limited Partnershipwith 4 other reporting persons on the same schedule19.8% · SC 13GFeb 12, 2021 stale
- Shaolin Capital Management LLC6.8% · SC 13GFeb 11, 2022 stale
- Feis Lawrence Michaelwith 1 other reporting person on the same schedule5.2% · SC 13GMay 19, 2022 stale
- ARISTEIA CAPITAL LLC0.0% · SC 13G/AFeb 10, 2023 stale
- Hartree Partners, LP0.0% · SC 13G/AFeb 14, 2022 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 — ATA (AMERICAS TECHNOLOGY ACQUISITION CORP.)
vault-note · /vault/tickers/ATA
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 trail1 internal entry
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 7389 (Services-Business Services, NEC). The screen found it by filing SHAPE instead — S-1 2020-11-20 → 8-A12B 2020-12-14 → 424B4 2020-12-16 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 7389 + self-described blank check in 424B4 0001104659-20-136182; 424B 0001104659-20-136182 priced 2020-12-16 under S-1 0001104659-20-128023 (file 333-250841, an offering for cash); common ticker ATA off 8-K 0001104659-22-126468 (2022-12-13); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-250841, which belongs to S-1 0001104659-20-128023 (2020-11-20) — 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 2020-12-16). Ending PROVEN, not inferred: LIQUIDATED per 8-K 0001104659-22-126468 (2022-12-13) — announced redemption of all public shares: “…will redeem all of the outstanding ordinary shares that were included in the units issued in its initial public offering (the " Public Shares "), at a per-share redemption price of approximately $10.59. As of the close of business on December 17, 2022, the Public Shares will be deemed cancelled and will represent only…”. Trust at settlement $10.59/share, stated in that filing. 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.