Class Acquisition Corp.
CLAS · NYSE
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 Class Acceleration Sponsor LLC, listed on NYSE in January 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
- 20 January 2021
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 8260 SPECTRUM CENTER BOULEVARD, SAN DIEGO, CA, 92123
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- PARSONS JOSEPH E (Director) · Daugherty Robert C. (Director) · Chen Joy (Director)
- Listed securities
- CLAS 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.
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
1 dated milestoneEvery 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.
- 20 January 2021IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsCLAS 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
Class Acquisition Corp. was a blank-check company whose common stock traded on the New York Stock Exchange under the ticker CLAS. The company priced its initial public offering on January 20, 2021, under SEC SIC industry code 6770, with units consisting of one warrant and $10 held in trust per unit, subject to a 24-month deadline. The offering was documented in a 424B prospectus with accession number 0001213900-21-003042. The company subsequently liquidated and returned the trust cash to its shareholders, with the redemption of its Units, Class A Common Stock, and Redeemable Warrants established by a Form 25 filed on December 30, 2022, under accession number 0000876661-22-001223. EDGAR now files the company's CIK 0001826855 under the name Class Acceleration Corp.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
The seven-cent spread favours redemption, and unlike a market sale the trust payment is certain. The Liquidation Amendment is the more consequential item: it lets the board return capital before the Extension Period ends rather than burning five months of costs on a search, which is shareholder-friendly, but it also means the timing is entirely at the board's discretion. Class Acceleration ultimately liquidated, confirming the trust claim was the return.
Two warrant call regimes are stated, at $18.00 and at $10.00 per Class A share, adjusting to 180% and 100% of the higher of the Market Value and the Newly Issued Price, exercisable from the later of 30 days after the business combination and twelve months from closing. The initial stockholders, officers and directors have agreed by letter agreement to vote their founder shares AND any public shares they buy during or after the offering in favour of the initial business combination. Public shares are redeemed if no combination closes within 24 months from closing.
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: Class Acceleration Corp. called a special meeting in lieu of its 2022 annual meeting for December 20, 2022 at 1:00 p.m. Eastern Time by live webcast, to extend the business combination deadline from January 20, 2023 to June 20, 2023 and, under a Liquidation Amendment, to let the Board in its sole discretion wind up operations on an earlier date. The Company estimates the per-share pro rata trust portion at approximately $10.10 at the time of the Meeting, against a NYSE closing price of $10.03 on November 21, 2022 — about seven cents more from redeeming than selling. Why it matters: The seven-cent spread favours redemption, and unlike a market sale the trust payment is certain. The Liquidation Amendment is the more consequential item: it lets the board return capital before the Extension Period ends rather than burning five months of costs on a search, which is shareholder-friendly, but it also means the timing is entirely at the board's discretion. Class Acceleration ultimately liquidated, confirming the trust claim was the return.
- What changed vs 2022-08-19trust $259.1M → $260.1M +0%
trust account, combination deadline, going-concern doubt +31 moved · 5 with no prior record of ours
- Trust account
- $259.1M$260.1M
- Combination deadline
- 2023-01-20 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $90K · unchanged
- Mandate language
- we may pursue an initial Business Combination opportunity in… · unchanged
- Redeemable shares
- 25.9M · unchanged
SpacBrain reads this as $982,700 was added to the trust between the two filings.
The clause …“100,456 697,695 Prepaid expenses, non-current — 11,138 Marketable securities held in Trust Account 260,129,449 258,765,402 Total Assets $ 260,229,905 $ 259,474,235 Liabilities, Redeemable Common Stock, and Stockholders’ Deficit Current”…
The clause …“there can be no assurance that the Company will be able to consummate any Business Combination by January 20, 2023. Based upon the above analysis, management determined that these conditions raise substantial doubt about the”…
The clause …“not occur, and potential subsequent dissolution, and liquidity concerns raise 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 …“but are not obligated to, provide us Working Capital Loans. To date, there is $90,000 outstanding under the $1,500,000 Working Capital Loan entered into on June 14, 2022. In the future 12 months from the date the financial statements”…
The clause …“issued and outstanding at September 30, 2022 and December 31, 2021, excluding 25,875,000 shares subject to possible redemption — — Class B common stock, $ 0.0001 par value; 20,000,000 shares authorized; 6,468,750 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 vs 2022-05-16trust $258.8M → $259.1M +0%
trust account, sponsor loans outstanding, combination deadline +31 moved · 5 with no prior record of ours
- Trust account
- $258.8M$259.1M
- Sponsor loans outstanding
- not previously extracted$90K
- Combination deadline
- 2023-01-20 · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- we may pursue an initial Business Combination opportunity in… · unchanged
- Redeemable shares
- 25.9M · unchanged
SpacBrain reads this as $361,177 was added to the trust between the two filings.
The clause …“146,338 697,695 Prepaid expenses, non-current — 11,138 Marketable securities held in Trust Account 259,146,749 258,765,402 Total Assets $ 259,293,087 $ 259,474,235 Liabilities, Redeemable Common Stock, and Stockholders’ Deficit Current”…
The clause …“but are not obligated to, provide us Working Capital Loans. To date, there is $90,000 outstanding under the $1,500,000 Working Capital Loan entered into on June 14, 2022. In the future 12 months from the date the financial statements”…
The clause …“there can be no assurance that the Company will be able to consummate any Business Combination by January 20, 2023. Based upon the above analysis, management determined that these conditions raise substantial doubt about the”…
The clause …“not occur, and potential subsequent dissolution, and liquidity concerns raise 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 …“issued and outstanding at June 30, 2022 and December 31, 2021, excluding 25,875,000 shares subject to possible redemption — — Class B common stock, $ 0.0001 par value; 20,000,000 shares authorized; 6,468,750 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 vs 2022-01-14trust $258.8M → $258.8M +0%
trust account, mandate language, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $258.8M$258.8M
- Mandate language
- we may pursue an initial business combination opportunity in…we may pursue an initial Business Combination opportunity in…
- Combination deadline
- not previously extracted2023-01-20
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 25.9M · unchanged
SpacBrain reads this as $24,683 was added to the trust between the two filings.
The clause …“291,948 697,695 Prepaid expenses, non-current — 11,138 Marketable securities held in Trust Account 258,785,572 258,765,402 Total Assets $ 259,077,520 $ 259,474,235 Liabilities and Stockholders’ Deficit Current liabilities: Accounts”…
The clause …“there can be no assurance that the Company will be able to consummate any Business Combination by January 20, 2023. Based upon the above analysis, management determined that these conditions raise substantial doubt about the”…
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 …“issued and outstanding at March 31, 2022 and December 31, 2021, excluding 25,875,000 shares subject to possible redemption — — Class B common stock, $ 0.0001 par value; 20,000,000 shares authorized; 6,468,750 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.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
Class Acceleration 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 0001213900-21-003042
Trading & liquidity
Company profile
Directors & officers
- PARSONS JOSEPH EDirector
- Daugherty Robert C.Director
- Chen JoyDirector
- Jarosh RachaelDirector
- Runcie James W.Director
- Gonick LevDirector
- Moe Michael T.Chief Executive Officer
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
5 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.
- Class Acceleration Sponsor LLCwith 3 other reporting persons on the same schedule20.0% · SC 13GFeb 11, 2022 stale
- Saba Capital Management, L.P.with 1 other reporting person on the same schedule5.1% · SC 13GMay 2, 2022 stale
- GILDER GAGNON HOWE & CO LLC3.5% · SC 13G/AFeb 14, 2022 stale
- GLAZER CAPITAL, LLCwith 1 other reporting person on the same schedule0.0% · SC 13G/AFeb 13, 2023 stale
- Beryl Capital Management LLCwith 2 other reporting persons on the same schedule0.0% · SC 13G/AFeb 13, 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
37 full SEC filing texts archived — searchable, never lost.
- Vault note — CLAS (Class Acquisition Corp.)
vault-note · /vault/tickers/CLAS
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 trail2 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 0001213900-21-003042 priced 2021-01-20; common ticker CLAS off 8-K 0001213900-22-082911 (2022-12-27); lifecycle EXITED. Ending PROVEN, not inferred: LIQUIDATED per Form 25 0000876661-22-001223 (2022-12-30) — Form 25 filed under 17 CFR 240.12d2-2(a)(1) — the rule for a class "called for redemption" or "redeemed or paid at maturity/retirement". For a SPAC that class is the public shares and that redemption is the trust going back (class: Units, Class A Common Stock, Redeemable Warrants). No wind-up press release was readable on the registrant's own file, so the per-share figure is not stored.. EDGAR now files this CIK as "Class Acceleration Corp." — the SPAC's own name is kept here and the successor is the target. 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.
sponsor "Class Acceleration Sponsor LLC" (SEC CIK 0001826743) sourced from Form 3 reportingOwner (10% owner) acc 0001213900-21-002368. · Ending PROVEN, not inferred: LIQUIDATED per Form 25 0000876661-22-001223 (2022-12-30) — Form 15-12G 0001213900-23-002298 2023-01-11