CTAC SEC filings, in plain English
Everything Cerberus Telecom 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 vs 2021-05-21trust $259.2M → $259.2M +0%shares 23.5M → 22.6M -4%
trust account, redeemable shares2 moved
- Trust account
- $259.2M$259.2M
- Redeemable shares
- 23.5M22.6M
SpacBrain reads this as $6,498 was added to the trust between the two filings.
The clause …“expenses 523,795 725,671 Total current assets 1,213,860 2,661,691 Investments held in Trust Account 259,186,362 259,173,294 Total Assets $ 260,400,222 $ 261,834,985 Liabilities and Shareholders’ Equity: Current liabilities: Accounts”…
SpacBrain reads this as 866,945 shares are no longer redeemable.
The clause …“Commitments and Contingencies Class A ordinary shares, $ 0.0001 par value; 22,604,917 and 23,477,448 shares subject to possible redemption at $ 10.00 per share as of June 30, 2021 and December 31, 2020, respectively 226,049,170”…
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: Cerberus Telecom Acquisition Corp. issued definitive merger materials, serving also as the prospectus of King Pubco, Inc., for the business combination with Maple Holdings Inc. under the Agreement and Plan of Merger dated March 12, 2021 as amended on July 27, 2021. Pubco lists on the NYSE and is renamed KORE Group Holdings, Inc. The document covers 67,814,463 shares of common stock, 8,911,745 warrants and the 8,911,745 shares underlying them. Why it matters: Two cash conditions decide whether this closes. CTAC must retain at least $5,000,001 of net tangible assets after all properly demanded redemptions, and Available Closing CTAC Cash plus cash in KORE's bank accounts must be at least $345,000,000. Against that, the maximum Closing Cash Consideration is $267,142,251 if closing occurs before the October 12, 2021 termination date, and the PIPE Investors have agreed to buy 22,500,000 Pubco shares at $10.00 for $225,000,000. Maximum Closing Share Consideration is 34,600,000 shares.
pipenothing moved · 1 with no prior record of ours
- PIPE
- no earlier filing$225.0M
The clause …“Stock at a purchase price of $10.00 per share for an aggregate commitment of $225,000,000; PIPE Investors are to the investors participating in the PIPE Investment; private placement shares are to CTAC Class A ordinary 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.
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.