COVA SEC filings, in plain English
Everything COVA Acquisition Corp. 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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What changed: COVA Acquisition Corp. issued definitive merger materials for an extraordinary general meeting on the Agreement and Plan of Merger dated May 26, 2022 with ECARX Holdings Inc. and two Cayman merger subs. Merger Sub 1 merges into COVA, then the surviving entity merges into Merger Sub 2, leaving it a wholly owned subsidiary of ECARX Holdings and COVA's shareholders as ECARX shareholders. The document is also a prospectus for up to 62,372,000 ECARX Class A Ordinary Shares and 24,872,000 ECARX warrants. Why it matters: The share capital is re-cut before the merger so that the founders keep control: ECARX's preferred shares convert one-for-one into ordinary shares, and the ordinary shares are then re-designated into Class A carrying one vote and Class B carrying ten, with the Co-Founder Shares becoming Class B. The re-designation also creates very large headroom — 7,766,956,008 authorised but unissued shares become Class A, 958,958,360 become Class B, and 1,000,000,000 more are left for the board to designate. Par value is US$0.000005 per share.
- What changed vs 2022-08-10trust $300.6M → $301.9M +0%deadline 2023-02-04 → 2023-02-09
trust account, combination deadline, going-concern doubt +32 moved · 4 with no prior record of ours
- Trust account
- $300.6M$301.9M
- Combination deadline
- 2023-02-042023-02-09
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $83K · unchanged
- Mandate language
- we intend to focus our search for a target in the high growt… · unchanged
- Redeemable shares
- 30.0M · unchanged
SpacBrain reads this as $1,319,523 was added to the trust between the two filings.
The clause …“282,673 795,742 Prepaid expenses – non-current portion — 75,616 Investments held in Trust Account 301,933,145 300,053,996 Total Assets $ 302,215,818 $ 300,925,354 Liabilities, Class A Ordinary Shares Subject to Possible Redemption,”…
SpacBrain reads this as 5 days later than the previous record.
The clause …“forced to cease operations and liquidate the Trust Account. The Company will have until February 9, 2023 to complete a Business Combination or it would be required to cease all operations and liquidate. The liquidity concerns and the”…
The clause …“concerns and the date for mandatory liquidation and dissolution raise substantial doubt about the Company’s ability to continue as a going concern until the earlier of the consummation of a Business Combination or one year from”…
The clause …“the earlier of September 30, 2022 or the closing of the IPO. The Company had borrowed $ 83,046 under the promissory note, and the Note was paid in full at the closing of the IPO on February 9, 2021. As of September 30, 2022 and”…
The clause …“500,000,000 shares authorized; no shares issued and outstanding (excluding 30,000,000 shares subject to possible redemption) at September 30, 2022 and December 31, 2021 — — Class B ordinary shares, $ 0.0001 par value; 50,000,000”…
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 2022-05-13trust $300.2M → $300.6M +0%
trust account, combination deadline, going-concern doubt +31 moved · 5 with no prior record of ours
- Trust account
- $300.2M$300.6M
- Combination deadline
- 2023-02-04 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $83K · unchanged
- Mandate language
- we intend to focus our search for a target in the high growt… · unchanged
- Redeemable shares
- 30.0M · unchanged
SpacBrain reads this as $450,701 was added to the trust between the two filings.
The clause …“509,791 795,742 Prepaid expenses – non-current portion — 75,616 Investments held in Trust Account 300,613,622 300,053,996 Total Assets $ 301,123,413 $ 300,925,354 Liabilities, Class A Ordinary Shares Subject to Possible Redemption,”…
The clause …“forced to cease operations and liquidate the Trust Account. The Company will have until February 4, 2023 to complete a Business Combination or it would be required to cease all operations and liquidate. The liquidity concerns and the”…
The clause …“concerns and the date for mandatory liquidation and dissolution raise substantial doubt about the Company’s ability to continue as a going concern until the earlier of the consummation of a Business Combination or one year from”…
The clause …“on the earlier of June 30, 2022 or the closing of the IPO. The Company had borrowed $ 83,046 under the promissory note, and the Note was paid in full at the closing of the IPO on February 9, 2021. As of June 30, 2022 and December 31,”…
The clause …“500,000,000 shares authorized; no shares issued or outstanding (excluding 30,000,000 shares subject to possible redemption) at June 30, 2022 and December 31, 2021 — — Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares”…
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 2021-11-15trust $300.0M → $300.2M +0%going concern APPEARED
trust account, going-concern doubt, combination deadline +32 moved · 4 with no prior record of ours
- Trust account
- $300.0M$300.2M
- Going-concern doubt
- not statedstated
- Combination deadline
- not previously extracted2023-02-04
- Sponsor loans outstanding
- $83K · unchanged
- Mandate language
- we intend to focus our search for a target in the high growt… · unchanged
- Redeemable shares
- 30.0M · unchanged
SpacBrain reads this as $138,650 was added to the trust between the two filings.
The clause …“724,689 795,742 Prepaid expenses – non-current portion — 75,616 Investments held in Trust Account 300,162,921 300,053,996 Total Assets $ 300,887,610 $ 300,925,354 Liabilities, Class A Ordinary Shares Subject to Possible Redemption,”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“concerns and the date for mandatory liquidation and dissolution raise substantial doubt about the Company’s ability to continue as a going concern until the earlier of the consummation of a Business Combination or one year from”…
The clause …“forced to cease operations and liquidate the Trust Account. The Company will have until February 4, 2023 to complete a Business Combination or it would be required to cease all operations and liquidate. The liquidity concerns and the”…
The clause …“on the earlier of March 31, 2022 or the closing of the IPO. The Company had borrowed $ 83,046 under the promissory note, and the Note was paid in full at the closing of the IPO on February 9, 2021. As of March 31, 2022 and December”…
The clause …“500,000,000 shares authorized; no shares issued or outstanding (excluding 30,000,000 shares subject to possible redemption) at March 31, 2022 and December 31, 2021 — — Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares”…
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 2021-08-16trust $300.0M → $300.0M +0%
trust account, redeemable shares, sponsor loans outstanding +11 moved · 3 with no prior record of ours
- Trust account
- $300.0M$300.0M
- Redeemable shares
- not previously extracted30.0M
- Sponsor loans outstanding
- $83K · unchanged
- Mandate language
- we intend to focus our search for a target in the high growt… · unchanged
SpacBrain reads this as $21,218 was added to the trust between the two filings.
The clause …“costs — 248,611 Prepaid expenses – non-current portion 274,377 — Investments held in Trust Account 300,024,271 — Total Assets $ 301,403,873 $ 248,611 Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and”…
The clause …“the occurrence of uncertain future events. Accordingly, all of the Company’s 30,000,000 Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ deficit”…
The clause …“the earlier of September 30, 2021 or the closing of the IPO. The Company had borrowed $ 83,046 under the promissory note, and the Note was paid in full at the closing of the IPO on February 9, 2021. As of September 30, 2021, there was”…
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 2021-06-01trust $300.0M → $300.0M +0%
trust account, sponsor loans outstanding, mandate language1 moved · 2 with no prior record of ours
- Trust account
- $300.0M$300.0M
- Sponsor loans outstanding
- $83K · unchanged
- Mandate language
- we intend to focus our search for a target in the high growt… · unchanged
SpacBrain reads this as $3,053 was added to the trust between the two filings.
The clause “Total current assets 1,664,782 — Deferred offering costs — 248,611 Investments held in Trust Account 300,003,053 — Total Assets $ 301,667,835 $ 248,611 Liabilities and Shareholders’ Equity Accounts payable and accrued expenses $ 4,437 $”…
The clause …“on the earlier of June 30, 2021 or the closing of the IPO. The Company had borrowed $ 83,046 under the promissory note, and the Note was paid in full at the closing of the IPO on February 9, 2021. As of June 30, 2021, there was a no”…
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.