Belong Acquisition Corp.
BLNG · 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 Belong Acquisition Sponsor, LLC, listed on Nasdaq in July 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
- 26 July 2021
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 202 WASHINGTON STREET, BROOKLINE, MA, 02445
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Park Jason (Director) · Washington Joel Curtis (President and CIO) · Saldarriaga Peter (President, CFO and Secretary)
- Listed securities
- BLNG 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 21 December 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.
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.
- 26 July 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
10.95M
across every filed redemption event
Every figure below is stated in the linked filing; nothing here is estimated.
- Dec 21, 2022Extensionno rate stated
The score
deterministic, from filed fieldsBLNG 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
Belong Acquisition Corp. (Nasdaq: BLNG) was a blank-check company that priced its initial public offering on July 26, 2021, according to a 424B prospectus. The company's common ticker BLNG appears on the cover page of an 8-K filed on July 25, 2023. In that same filing, the company announced it would redeem all of its outstanding shares of Class A common stock included in the units issued in its initial public offering, effective as of the close of business on July 27, 2023, for a redemption amount of approximately $10.23 per share. The company wound up and returned the trust cash to shareholders.
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 vs 2022-11-09trust $150.6M → $51.4M -66%shares 15.0M → 4.05M -73%
trust account, redeemable shares, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $150.6M$51.4M
- Redeemable shares
- 15.0M4.05M
- Combination deadline
- 2023-07-27 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $77K · unchanged
SpacBrain reads this as $99,227,474 left the trust between the two filings.
The clause …“during the three months ended March 31, 2023. At December 31, 2022, assets held in the Trust Account were comprised of $ 51,357,799 as cash held by Continental Stock Transfer & Trust. Through December 31, 2022, the Company withdrew $”…
SpacBrain reads this as 10,953,158 shares are no longer redeemable.
The clause “100,000,000 shares authorized; 550,000 shares issued and outstanding (excluding 4,046,842 shares subject to possible redemption) as of March 31, 2023 and December 31, 2022, respectively 55 55 Class B common stock, $ 0.0001 par value;”…
The clause …“must consummate a business combination transaction from January 27, 2023 to July 27, 2023 (the “Charter Amendment”). 18 Liquidity and Capital Resources On July 27, 2021, we consummated the Initial Public Offering of 15,000,000 Units,”…
The clause …“is not requested by the Sponsor, and potential subsequent dissolution raises substantial doubt about the Company’s ability to continue as a going concern. Management continues its search for a target and will continue pursuing all”…
The clause …“30, 2021 and (ii) the consummation of the Initial Public Offering. The outstanding balance under the Promissory Note of $76,718 was repaid at the closing of the Initial Public Offering on July 27, 2021, and the Promissory Note”…
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 2022-03-30trust $150.0M → $51.4M -66%deadline 2023-01-30 → 2023-07-27shares 15.0M → 4.05M -73%
trust account, combination deadline, redeemable shares +33 moved · 3 with no prior record of ours
- Trust account
- $150.0M$51.4M
- Combination deadline
- 2023-01-302023-07-27
- Redeemable shares
- 15.0M4.05M
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $77K · unchanged
- Mandate language
- focus our efforts on identifying high-growth technology and … · unchanged
SpacBrain reads this as $98,646,713 left the trust between the two filings.
The clause “1 of cash for operating activities. As of December 31, 2022, we had investments held in the Trust Account of $51,357,799 (including $1,305,435 of interest income) consisting of money market funds with a maturity of 185 days or less.”…
SpacBrain reads this as 178 days later than the previous record.
The clause …“unable to raise additional funds to alleviate liquidity needs and complete a business combination by July 27, 2023 then the Company will cease all operations except for the purpose of liquidating. The liquidity condition and date for”…
SpacBrain reads this as 10,953,158 shares are no longer redeemable.
The clause “100,000,000 shares authorized; 550,000 shares issued and outstanding (excluding 4,046,842 and 15,000,000 shares subject to possible redemption) as of December 31, 2022 and 2021, respectively 55 55 Class B common stock, $ 0.0001 par value;”…
The clause “$700 million as of the prior June 30. 37 Our management concluded that there is substantial doubt about our ability to continue as a “going concern.” As of December 31, 2022, the Company had $780,672 in its operating bank accounts and”…
The clause …“30, 2021 and (ii) the consummation of the initial public offering. The outstanding balance under the promissory note of $76,718 was repaid at the closing of the initial public offering on July 27, 2021. In order to finance”…
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.
Belong Acquisition 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 · 100.0% of the $10 unit
from 424B4 0001213900-21-038657
Trading & liquidity
Company profile
Directors & officers
- Park JasonDirector
- Washington Joel CurtisPresident and CIO
- Saldarriaga PeterPresident, CFO and Secretary
- Deason JenniferChief Executive Officer
- Matsumoto MiyukiDirector
- Turner JenniferDirector
- Arison GeorgeDirector
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
10 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.
- Belong Acquisition Sponsor, LLCwith 3 other reporting persons on the same schedule52.3% · SC 13DJan 27, 2023 stale
- BALYASNY ASSET MANAGEMENT LLCwith 13 other reporting persons on the same schedule8.5% · SC 13GFeb 14, 2023 stale
- Atalaya Capital Management LPwith 8 other reporting persons on the same schedule7.6% · SC 13G/AFeb 14, 2023 stale
- Polar Asset Management Partners Inc.7.6% · SC 13G/AFeb 10, 2023 stale
- Sandia Investment Management LPwith 1 other reporting person on the same schedule7.6% · SC 13GJan 13, 2023 stale
- LMR Partners LLPwith 5 other reporting persons on the same schedule7.6% · SC 13G/AFeb 14, 2023 stale
- HIGHBRIDGE CAPITAL MANAGEMENT LLC2.1% · SC 13G/AJan 27, 2022 stale
- Radcliffe Capital Management, L.P.with 5 other reporting persons on the same schedule0.0% · SC 13G/AFeb 14, 2024 stale
- Saba Capital Management, L.P.with 1 other reporting person on the same schedule0.0% · SC 13G/AFeb 7, 2024 stale
- ARISTEIA CAPITAL LLC0.0% · SC 13G/AFeb 10, 2023 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 — BLNG (Belong Acquisition Corp.)
vault-note · /vault/tickers/BLNG
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 the HISTORICAL census (EDGAR's SIC 6770 registrant list, walked in full: 3,325 registrants, 1,167 of which ever priced an IPO). The live discovery job cannot reach this registrant — it reads the filing tape, and this one stopped filing. Admission rule: src/lib/universe-admit.ts. SIC 6770 (Blank Checks); 424B 0001213900-21-038657 priced 2021-07-26; common ticker BLNG off 8-K 0001213900-23-059626 (2023-07-25); lifecycle EXITED. Ending PROVEN, not inferred: LIQUIDATED per 8-K 0001213900-23-059626 (2023-07-25) — announced redemption of all public shares: “…will redeem all of its outstanding shares of Class A common stock that were included in the units issued in its initial public offering (the "Class A Common Stock"), effective as of the close of business on July 27, 2023, for a redemption amount of approximately $10.23 per share. A copy of the press release is attached…”. 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 (0001213900-21-038657). NOT FILLED: warrantCallPrice — no stated candidate; rightShareRatio — no stated candidate
sponsor "Belong Acquisition Sponsor, LLC" (SEC CIK 0001842712) sourced from Form 3 reportingOwner (10% owner) acc 0001213900-21-038225.