ATA SEC filings, in plain English
Everything AMERICAS TECHNOLOGY 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.
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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.
- What changed vs 2022-05-16trust $118.5M → $116.2M -2%deadline 2022-06-17 → 2022-12-17shares 11.5M → 4.14M -64%
trust account, combination deadline, redeemable shares +13 moved · 1 with no prior record of ours
- Trust account
- $118.5M$116.2M
- Combination deadline
- 2022-06-172022-12-17
- Redeemable shares
- 11.5M4.14M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $2,302,881 left the trust between the two filings.
The clause …“of $ 43,080,851 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 June 30, 2022, the Company”…
SpacBrain reads this as 183 days later than the previous record.
The clause …“extension amendment extending the Combination Period from June 17, 2022 to December 17, 2022. Pursuant to the extension amendment, on June 16, 2022, the Sponsor deposited $413,766 (or $0.10 per Public Share that was not redeemed)”…
SpacBrain reads this as 7,362,342 shares are no longer redeemable.
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 June 30, 2022 and December 31, 2021, respectively. 300 300 Additional paid-in”…
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”…
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: Americas Technology Acquisition Corp. called a special meeting for June 14, 2022 at 10:00 a.m. Eastern to extend beyond June 17, 2022, eighteen months after its December 17, 2020 IPO. Sponsor ATAC Limited Partnership owns 2,875,000 founder shares. If the extension passes the sponsor or its designees will contribute as a loan the lesser of $500,000 or $0.10 for each unredeemed public share, with the per-share amount reduced proportionately if fewer shares are redeemed. Redemption requires tender to the transfer agent by June 10, 2022. Why it matters: 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.
- What changed vs 2021-11-16trust $116.2M → $118.5M +2%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $116.2M$118.5M
- Combination deadline
- 2022-06-17 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 11.5M · unchanged
SpacBrain reads this as $2,306,939 was added to the trust between the two filings.
The clause “75 Total Current Assets 640,881 809,344 Marketable securities held in Trust Account 118,476,689 116,173,808 TOTAL ASSETS $ 119,117,570 $ 116,983,152 LIABILITIES, ORDINARY SHARES SUBJECT TO”…
The clause …“there can be no assurance that the Company will be able to consummate any Business Combination by June 17, 2022. Off-Balance Sheet Arrangements We have no obligations, assets or liabilities, which would be considered off-balance”…
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 “00,000,000 shares authorized; 3,000,000 shares issued and outstanding(excluding 11,500,000 shares subject to possible redemption) as of March 31, 2022 and December 31, 2021 300 300 Additional paid-in capital — — Accumulated”…
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 2021-03-31trust $116.2M → $116.2M +0%
trust account, redeemable shares, combination deadline +21 moved · 4 with no prior record of ours
- Trust account
- $116.2M$116.2M
- Redeemable shares
- not previously extracted11.5M
- Combination deadline
- 2022-06-17 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $122Knot matched in this filing
SpacBrain reads this as $21,899 was added to the trust between the two filings.
The clause …“operating activities. As of December 31, 2021, we had marketable securities held in the Trust Account of $116,173,808 (including approximately $23,808 of interest income) consisting of U.S. treasury bills with a maturity of 185 days”…
The clause “0,000,000 shares authorized; 3,000,000 shares issued and outstanding (excluding 11,500,000 shares subject to possible redemption) as of December 31, 2021 and 2020 300 300 Additional paid-in capital — — Accumulated deficit (”…
The clause …“there can be no assurance that the Company will be able to consummate any business combination by June 17, 2022. NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying financial statements”…
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a going concern, since we will cease all operations except for the purpose of liquidating if we are unable”…
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.