CIK2088286 SEC filings, in plain English

• S-17 August 20260001185185-26-003333

  What changed: Registration statement (Form S-1) for the initial public offering of Danneskjold & Galt Acquisition Company, a blank-check company incorporated in the Cayman Islands and formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination, with a stated focus on financial technology and artificial intelligence sectors. This is the first public filing of the S-1 for this SPAC. It establishes the proposed IPO terms: 15,000,000 units at $10.00 per unit (plus up to 2,250,000 units via over-allotment), each unit consisting of one Class A ordinary share and one-half of one redeemable warrant; $150 million of the gross proceeds (plus private-placement proceeds) deposited into a trust account at $10.00 per public share; a 24-month deadline from closing to complete an initial business combination (extendable with shareholder approval); redemption rights for public shareholders upon consummation of a business combination; sponsor (Atlas Sponsor LLC) holds 5,750,000 founder shares (subject to forfeiture of up to 750,000 depending on over-allotment exercise) purchased for $25,000 ($0.003 per share); sponsor and underwriter purchase 500,000 private placement units at $10.00 each; lock-up periods of one year for founder shares (earlier if share price ≥$12.00 for 20 days in 30 after 150 days) and 30 days for private placement units; and various conflicts of interest, waiver, and anti-dilution provisions. No target business has been selected or substantive discussions initiated. Why it matters: The S-1 defines the economic and governance framework that investors in the SPAC will rely on, including trust per-share value, redemption mechanics, the timeline to find a target, sponsor incentives (low-cost founder shares creating potential misalignment), and dilution of public shareholders (the adjusted net tangible book value per share at maximum redemption is $0.18 vs. offering price of $10.00, representing 98.2% dilution). The filing also details the sponsor’s indemnification of the trust account, transfer restrictions, registration rights, and the ability to extend the 24-month completion window with shareholder approval.

• DRS/A7 May 20260001185185-26-001755

  What changed: Amendment No. 1 to a Registration Statement on Form S-1 (DRS/A) filed by Danneskjold and Galt Acquisition Co., a blank-check company (SPAC) newly incorporated in the Cayman Islands, for its proposed $200 million initial public offering of 20 million units at $10.00 per unit. This is the first amendment to the confidential draft S-1, converting it to a public filing. The filing is a full preliminary prospectus with financial statements as of December 31, 2025; it reflects the SPAC's pre-IPO status. No target has been selected. The document confirms a 24-month completion window; a trust of $200 million ($10.00 per unit); sponsor Atlas Sponsor LLC holding 7,666,667 founder shares at $0.003 per share; a 6 million-unit private placement (600,000 units at $10.00 each) to sponsor and underwriter Cohen & Company Capital Markets; and a 15% shareholder redemption cap if a vote is held. The registration statement is not yet effective. Why it matters: This document provides the first detailed, public look at a new SPAC, setting the structural terms that will govern redemption mechanics, sponsor economics, dilution, and the timeline for finding a deal. Key for investors: trust per-share value is $10.00; founder shares are at a nominal price causing immediate dilution; the sponsor has a substantial incentive to close any deal due to the risk of total loss on its $4.025 million investment (founder shares plus private placement) if no business combination is completed within 24 months. The filing also updates on the company's going concern status and confirms zero revenue to date.

• DRS26 November 20250001185185-25-001866

  What changed: Draft registration statement (Form S-1) for a blank check company initial public offering. Initial confidential draft registration statement; no prior public filings for this issuer. Why it matters: This document proposes a $200M SPAC IPO (20M units at $10.00) with a 24-month deadline to acquire a target in financial technology or artificial intelligence. It details the trust mechanics, redemption rights, warrant structure, sponsor incentives, and management team. As the first disclosure, it sets all key terms for investors monitoring redemption deadlines, deal progress, and sponsor conduct.

The complete CIK2088286 filing history on EDGAR