BSAQ SEC filings, in plain English
Everything Black Spade Acquisition Co 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.
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live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
- What changed vs 2023-05-15trust $173.3M → $175.3M +1%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $173.3M$175.3M
- Combination deadline
- not previously extracted2024-07-20
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $600K · unchanged
- Redeemable shares
- 16.9M · unchanged
SpacBrain reads this as $2,065,784 was added to the trust between the two filings.
The clause …“the related party payable. As of June 30, 2023, we had marketable securities held in the Trust Account of $175,327,744. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing”…
The clause …“a business combination for an additional twelve months from July 20, 2023 to July 20, 2024 by adopting the second amended and restated memorandum and articles of association. In connection with the vote to approve the Articles”…
The clause …“will be successful within the Combination Period. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of time within one year after the date that the financial statements”…
The clause …“Loan. As of June 30, 2023 and December 31, 2022, there was $ 1,150,000 and $ 600,000 outstanding under the Working Capital Loans, respectively, and are included in note payable – Sponsor on the accompanying balance sheets. On May 12,”…
The clause …“value; 200,000,000 shares authorized; none issued and outstanding (excluding 16,900,000 shares subject to possible redemption) — — Class B ordinary shares, $ 0.0001 par value; 20,000,000 shares authorized; 4,225,000 shares issued and”…
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: Black Spade Acquisition Co filed a proxy and prospectus for up to 6,974,285 shares, 14,829,991 warrants and 14,829,991 shares underlying warrants of VinFast Auto Pte. Ltd., for a virtual extraordinary general meeting on August 10, 2023 to approve the combination agreement dated May 12, 2023 with VinFast and Nuevo Tech Limited. VinFast's equity value is set at $23,000,000,000, and after the recapitalisation each VinFast ordinary share is valued at $10.00. Each outstanding BSAQ Class A ordinary share other than treasury, redeemed or dissenting shares converts into one VinFast ordinary share. Why it matters: A $23 billion equity value ascribed to a loss-making Vietnamese electric vehicle maker, struck at a notional $10.00 per share equal to the SPAC's own trust deposit, means public holders rolling in are paying trust value for a stake in a company whose valuation has never been market-tested. Only 6,974,285 shares are registered for the SPAC side against 14.8 million warrants, so the public float in the combined entity is tiny relative to the founder-held base and warrant overhang. Redemption at the pro rata trust amount remains the cash alternative.
- What changed vs 2022-11-09trust $170.0M → $173.3M +2%
trust account, sponsor loans outstanding, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $170.0M$173.3M
- Sponsor loans outstanding
- not previously extracted$600K
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 16.9M · unchanged
SpacBrain reads this as $3,248,743 was added to the trust between the two filings.
The clause …“party notes of $550,000. As of March 31, 2023, we had marketable securities held in the Trust Account of $173,261,960. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing”…
The clause …“Loan. As of March 31, 2023 and December 31, 2022, there was $ 1,150,000 and $ 600,000 outstanding under the Working Capital Loans, respectively, and are included in note payable – Sponsor on the accompanying balance sheets. 12 Table”…
The clause …“will be successful within the Combination Period. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of time within one year after the date that the financial statements”…
The clause …“value; 200,000,000 shares authorized; none issued and outstanding (excluding 16,900,000 shares subject to possible redemption) — — Class B ordinary shares, $ 0.0001 par value; 20,000,000 shares authorized; 4,225,000 shares issued and”…
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.