EAC SEC filings, in plain English
Everything Edify Acquisition Corp. has filed with the SEC that we hold — 40 filings, newest first, 4 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: Edify Acquisition Corp. called a special meeting in lieu of an annual meeting for January 19, 2024 at 10:00 a.m. Eastern Time, to extend the deadline from January 20, 2024, which is 36 months after the IPO closing, up to July 20, 2024, or 42 months, by depositing the lesser of $49,521.45 or $0.05 per unredeemed public share into the trust for each one-month extension, with a matching amendment to the January 14, 2021 Trust Agreement. The Company had already deposited an aggregate of $450,000 to extend from July 20, 2023 to January 20, 2024. Two Class III directors stand for re-election. Why it matters: Three full years past its IPO with $450,000 of deposits already spent and no deal closed, Edify is a vehicle running purely on extensions, and it ultimately liquidated. Five cents per share per month is the going token rate and adds about thirty cents across the six-month window. For holders, each extension vote reopened the redemption right, and taking it returned the trust value rather than funding another six months of searching.
What changed vs 2023-07-10trust $18.0M → $11.2M -38%deadline 2024-01-20 → 2024-07-20trust account, combination deadline2 moved
- Trust account
- $18.0M$11.2M
- Combination deadline
- 2024-01-202024-07-20
SpacBrain reads this as $6,744,702 left the trust between the two filings.
The clause “20, 2023 to January 20, 2024. As of December 31, 2023, there was approximately $11,205,495.43 held in the trust account. On September 1, 2023, Edify issued an aggregate of 6,900,000 shares of Edify’s Class A common stock to the holders”…
SpacBrain reads this as 182 days later than the previous record.
The clause …“initial public offering. The proposal to extend our termination deadline to July 20, 2024 does not comply with Nasdaq rules and may result in the delisting of our securities from The Nasdaq Capital Market. While we may be able to”…
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: Edify Acquisition Corp. ('Edify', a Delaware corporation) filed an amendment to its Form S-4; the document inside is preliminary and subject to completion dated December 13, 2023. No explanatory note names the change. The special meeting will be held VIA LIVE WEBCAST ONLY — the document states stockholders 'will only be able to access the special meeting by means of remote communication' — at '[ ] a.m. Eastern Time, on [ ], 2023', with the access address also blank. Why it matters: Alongside the usual amendment, the agreement carries an ACKNOWLEDGEMENT AND WAIVER AGREEMENT dated September 18, 2023 — a waiver is a party giving up a condition or right it was otherwise entitled to enforce, so it belongs in the deal's history distinctly from an amendment. The agreement dates from December 2022, so the transaction was a year old at this filing. Because the document is also a consent solicitation statement, approvals are gathered by written consent from one constituency alongside the SPAC vote. No vote date, access address or registered share count is fixed by this version.
- What changed vs 2023-08-15shares 1.69M → 990K -41%
redeemable shares, trust account, combination deadline +11 moved · 3 with no prior record of ours
- Redeemable shares
- 1.69M990K
- Trust account
- $19.4M · unchanged
- Combination deadline
- 2024-01-20 · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as 697,235 shares are no longer redeemable.
The clause …“and outstanding as of September 30, 2023 and December 31, 2022 (excluding 990,429 and 1,970,384 shares subject to possible redemption, respectively) 690 — Class B common stock, $ 0.0001 par value; 10,000,000 shares authorized; 0”…
The clause …“– Private Placement Warrants 3 $ 169,200 (1) As of December 31, 2022, $19,376,793 of mutual funds held in the Trust Account was deposited into the cash operating account maintained by the Trustee. The Warrants are accounted for”…
The clause …“extends the termination date under the Merger Agreement from July 20, 2023 to January 20, 2024 (the “Termination Date”), subject to the terms set forth therein. On September 18, 2023, the Company, Merger Sub and Unique Logistics entered”…
The clause …“with the Company’s current liquidity condition, as described above, 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”…
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: Edify Acquisition Corp. ('Edify', a Delaware corporation) filed Amendment No. 1 to its Form S-4; the document inside is preliminary and subject to completion dated October 13, 2023. No explanatory note names the change. The special meeting will be held VIA LIVE WEBCAST ONLY — stockholders 'will only be able to access the special meeting by means of remote communication' — at '[ ] a.m. Eastern Time, on [ ], 2023', with the access address also blank. Why it matters: Alongside the ordinary amendment, the deal history carries an Acknowledgement and Waiver Agreement dated September 18, 2023 — a waiver is a party relinquishing a condition or right it could otherwise have enforced, and it belongs in the record separately from an amendment. No vote date, access address or registered share count is fixed by this version, so it establishes no deadline and no dilution ceiling.
- What changed vs 2023-05-19deadline 2023-07-20 → 2024-01-20
combination deadline, redeemable shares, trust account +11 moved · 3 with no prior record of ours
- Combination deadline
- 2023-07-202024-01-20
- Redeemable shares
- not previously extracted1.69M
- Trust account
- $19.4M · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as 184 days later than the previous record.
The clause …“extends the termination date under the Merger Agreement from July 20, 2023 to January 20, 2024 (the “Termination Date”); provided, that, if any bona fide action for specific performance or other equitable relief by UNQL with respect to”…
The clause …“issued and outstanding as of June 30, 2023 and December 31, 2022 (excluding 1,687,664 and 1,970,384 shares subject to possible redemption, respectively) — — Class B common stock, $ 0.0001 par value; 10,000,000 shares authorized;”…
The clause …“– Private Placement Warrants 3 $ 169,200 (1) As of December 31, 2022, $ 19,376,793 of mutual funds held in the Trust Account was deposited into the cash operating account maintained by the Trustee. The Warrants are accounted for”…
The clause …“with the Company’s current liquidity condition, as described above, 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”…
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: Edify Acquisition Corp. called a special meeting in lieu of an annual meeting for July 20, 2023 at 2:00 p.m. Eastern to extend the deadline from July 20, 2023, thirty months after its IPO, to January 20, 2024, thirty-six months after closing, with a matching amendment to the January 14, 2021 trust agreement with Continental and a charter amendment removing the net tangible asset requirement. Deposits are the lesser of $225,000 and $0.15 per unredeemed public share for the initial extension, then the lesser of $75,000 and $0.05 per unredeemed share for each later one-month extension. Why it matters: Deposit rates of $0.15 for the first step and $0.05 per month thereafter are among the more generous 2023 terms, adding roughly 1.5% and then 0.5% of a $10 share, so the redemption floor grows meaningfully rather than stalling. Set against that, removing the net tangible asset requirement lets the trust be redeemed down without limit, so the higher per-share accretion may apply to a very small remaining pool. The vehicle has already used its full charter runway of a three-month extension plus three monthly steps, so this is a hard reset of the clock.
What changed vs 2023-02-02trust $17.5M → $18.0M +2%trust account, combination deadline1 moved · 1 with no prior record of ours
- Trust account
- $17.5M$18.0M
- Combination deadline
- not previously extracted2024-01-20
SpacBrain reads this as $436,742 was added to the trust between the two filings.
The clause …“May 20, 2023 to June 20, 2023. As of July 7, 2023, there was approximately $17,950,197 held in the trust account. Our Board has determined that it is in the best interests of the Company to amend the Company’s charter to allow the”…
The clause “Proposal. If the Company extends the time to complete a business combination to January 20, 2024, the Contributors would make aggregate Contributions in the amount of $450,000 (assuming no public shares are redeemed). 11 Table of Contents”…
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.