AVAC SEC filings, in plain English
Everything Avalon Acquisition Inc. has filed with the SEC that we hold — 40 filings, newest first, 1 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.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
- What changed vs 2022-11-10trust $211.3M → $216.3M +2%deadline 2023-01-08 → 2023-07-08
trust account, combination deadline, going-concern doubt +12 moved · 2 with no prior record of ours
- Trust account
- $211.3M$216.3M
- Combination deadline
- 2023-01-082023-07-08
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus on businesses that are in the f… · unchanged
SpacBrain reads this as $5,053,256 was added to the trust between the two filings.
The clause …“expenses 204,209 225,192 Total current assets 316,370 548,717 Investments held in Trust Account 216,329,414 212,031,953 Total Assets $ 216,645,784 $ 212,580,670 Liabilities, Class A Common Stock Subject to Possible Redemption and”…
SpacBrain reads this as 181 days later than the previous record.
The clause …“enabled us to exercise its right to extend the Initial Combination Period to July 8, 2023 (the “Combination Period”). If we do not complete a Business Combination within the Combination Period, we will (i) cease all operations except”…
The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that the liquidity condition and date for mandatory liquidation and subsequent dissolution raise substantial doubt”…
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: Avalon Acquisition Inc. filed a proxy/prospectus covering 26,030,250 shares of Beneficient Class A common stock, 20,855,250 shares of Beneficient Series A convertible preferred stock, 15,525,000 redeemable public warrants and 8,100,000 redeemable private warrants. The transactions include converting BCG from a Delaware limited partnership into a Nevada corporation and merging a subsidiary into Avalon, with each Avalon Class A and Class B share converting into one share of Beneficient Class A common stock. Why it matters: Beneficient is issuing more preferred stock, 20,855,250 Series A convertible shares, than the 26,030,250 common shares registered for the SPAC side, so public holders who roll in sit beneath a large preferred layer from the first day. The adjournment mechanism concedes the two ways this deal can break: redemptions dropping net tangible assets below $5,000,001, or the Nasdaq listing condition failing. Both are driven by how many holders redeem, so each individual redemption decision raises the risk for those who stay.
- What changed vs 2022-03-30trust $210.1M → $212.0M +1%deadline 2023-01-08 → 2023-07-08
trust account, combination deadline, going-concern doubt +32 moved · 4 with no prior record of ours
- Trust account
- $210.1M$212.0M
- Combination deadline
- 2023-01-082023-07-08
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $197K · unchanged
- Mandate language
- we are focusing our search on financial services sectors tha… · unchanged
- Redeemable shares
- 20.7M · unchanged
SpacBrain reads this as $1,922,866 was added to the trust between the two filings.
The clause …“expenses 225,192 522,874 Total current assets 548,717 1,559,567 Investments held in Trust Account 212,031,953 210,109,087 Total Assets $ 212,580,670 $ 211,668,654 Liabilities, Class A Common Stock Subject to Possible Redemption and”…
SpacBrain reads this as 181 days later than the previous record.
The clause …“the period of time to consummate an initial Business Combination until July 8, 2023 (the “Combination Period”). If the Company is unable to complete a Business Combination within the Combination Period, the Company will (i) cease”…
The clause …“to, provide us working capital loans. 70 In connection with our assessment of going concern considerations in accordance with FASB Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to”…
The clause …“of December 31, 2021 or the completion of the Initial Public Offering. We borrowed $197,000 under the promissory note, and on October 14, 2021, we repaid the promissory note in full. Our officers and directors are entitled to”…
The clause …“of uncertain future events. Accordingly, as of the Initial Public Offering, 20,700,000 shares of Class A common stock subject to possible redemption are presented at redemption value as temporary equity, outside of the stockholders’”…
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 2022-07-29trust $210.4M → $211.3M +0%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $210.4M$211.3M
- Combination deadline
- 2023-01-08 · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus on businesses that are in the f… · unchanged
SpacBrain reads this as $862,195 was added to the trust between the two filings.
The clause …“expenses 333,931 522,874 Total current assets 703,791 1,559,567 Investments held in Trust Account 211,276,158 210,109,087 Total Assets $ 211,979,949 $ 211,668,654 Liabilities, Class A Common Stock Subject to Possible Redemption and”…
The clause …“redeem their shares in conjunction with any such amendment. The Company will have until January 8, 2023 to consummate a Business Combination or until July 8, 2023 if the Company extends the period of time to consummate an initial”…
The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that the mandatory liquidation and subsequent dissolution raises substantial doubt about the Company’s ability to”…
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 2022-05-12trust $210.1M → $210.4M +0%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $210.1M$210.4M
- Combination deadline
- 2023-01-08 · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus on businesses that are in the f… · unchanged
SpacBrain reads this as $283,719 was added to the trust between the two filings.
The clause …“expenses 449,458 522,874 Total current assets 983,272 1,559,567 Investments held in trust account 210,413,963 210,109,087 Total Assets $ 211,397,235 $ 211,668,654 Liabilities, Class A Common Stock Subject to Possible Redemption and”…
The clause …“redeem their shares in conjunction with any such amendment. The Company will have until January 8, 2023 to consummate a Business Combination or until July 8, 2023 if the Company extends the period of time to consummate an initial”…
The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that the mandatory liquidation and subsequent dissolution raises substantial doubt about the Company’s ability to”…
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.