EQ Health Acquisition Corp.
EQHA · 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 EQ Health Sponsor Group LLC, listed on NYSE in February 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
- 1 February 2021
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 4611 BEE CAVE RD. #106, AUSTIN, TX, 78746
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- GLAZER PAUL J · Hanson Benjamin M. (Chief Operating Officer) · Beckman Andrew (Director)
- Listed securities
- EQHA 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.
- 1 February 2021IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsEQHA 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 — 295 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
EQ Health Acquisition Corp. was a blank-check company whose common stock traded on the New York Stock Exchange under the ticker EQHA. The company priced its initial public offering on February 1, 2021, according to a 424B prospectus, with units comprising one share and one-half warrant and $10 held in trust per unit, and a 12-month deadline. The SEC assigned the company CIK 0001826729 and SIC industry code 6770. The company subsequently liquidated, returning the trust cash to shareholders, as established by a Form 25 filed on December 28, 2022.
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.
This is a wind-up vote, not an extension: the board is asking holders to accelerate liquidation and return roughly $222.3 million rather than spend two more months searching. For EQHA holders that is the capital-preserving outcome, and at $10.10 against a $10.04 market price the trust pays more than the market. Public warrants become worthless in the liquidation, which is the cost borne by anyone holding them rather than shares.
The period covers 28 days of a shell that had not yet raised anything, so nothing here describes the listed company. The IPO closed on February 2, 2021, placing $219,999,600 at $10.00 per unit in trust, and the business-combination deadline runs to February 2, 2023. The filing states that the liquidity shortfall which existed before the IPO has been resolved by proceeds released for working capital, so the earlier going-concern condition no longer applies. Wait for the next quarterly report for a real trust balance.
The warrant call is a single $18.00 regime: in whole and not in part, at $0.01 per warrant, on a minimum 30 days' notice, and only if the last sale price of the Class A common stock is at or above $18.00 for any 20 trading days within a 30-trading-day period ending on the third trading day before the notice, and no redemption occurs unless a registration statement covering the underlying shares is effective.
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: EQ Health Acquisition Corp. called a special meeting for December 21, 2022 at 1:00 p.m. Eastern Standard Time, fully virtual, to move its Termination Date FORWARD from February 2, 2023 to the later of December 21, 2022 or the effectiveness of the Charter Amendment, triggering an Early Liquidation in which all remaining Public Shares are redeemed. On the December 1, 2022 record date the redemption price was approximately $10.10 per share, based on approximately $222,325,835.32 on deposit in the Trust Account, against a NYSE Class A closing price of $10.04 — about six cents more from redeeming. Why it matters: This is a wind-up vote, not an extension: the board is asking holders to accelerate liquidation and return roughly $222.3 million rather than spend two more months searching. For EQHA holders that is the capital-preserving outcome, and at $10.10 against a $10.04 market price the trust pays more than the market. Public warrants become worthless in the liquidation, which is the cost borne by anyone holding them rather than shares.
- What changed vs 2022-08-15trust $220.3M → $221.1M +0%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $220.3M$221.1M
- Combination deadline
- 2023-02-03 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $90K · unchanged
SpacBrain reads this as $889,243 was added to the trust between the two filings.
The clause …“ Non-current prepaid expenses — 19,673 Marketable securities held in Trust Account 221,140,021 220,085,699 TOTAL ASSETS $ 221,545,050 $ 220,392,326 LIABILITIES AND STOCKHOLDERS’ DEFICIT ”…
The clause …“205-40, “Presentation of Financial Statements – Going Concern,” the Company has until February 3, 2023 to consummate a Business Combination. It is uncertain that the Company will be able to consummate a Business Combination by this”…
The clause “NANCIAL STATEMENTS SEPTEMBER 30, 2022 (Unaudited) 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 …“of September 30, 2021 or the completion of the Initial Public Offering. The outstanding balance under the Promissory Note of $ 90,000 was repaid at the closing of the Initial Public Offering on February 2, 2021. Borrowings under the”…
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 $220.2M → $220.3M +0%
trust account, sponsor loans outstanding, combination deadline +11 moved · 3 with no prior record of ours
- Trust account
- $220.2M$220.3M
- Sponsor loans outstanding
- not previously extracted$90K
- Combination deadline
- 2023-02-03 · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $78,746 was added to the trust between the two filings.
The clause …“ Non-current prepaid expenses — 19,673 Marketable securities held in Trust Account 220,250,778 220,085,699 TOTAL ASSETS $ 220,542,184 $ 220,392,326 LIABILITIES AND STOCKHOLDERS’ DEFICIT ”…
The clause …“of June 30, 2021 or the completion of the Initial Public Offering. The outstanding balance under the Promissory Note of $ 90,000 was repaid at the closing of the Initial Public Offering on February 2, 2021. Borrowings under the”…
The clause …“205-40, “Presentation of Financial Statements – Going Concern,” the Company has until February 3, 2023 to consummate a Business Combination. It is uncertain that the Company will be able to consummate a Business Combination by this”…
The clause “ED FINANCIAL STATEMENTS JUNE 30, 2022 (Unaudited) 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”…
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 $220.1M → $220.2M +0%deadline 2023-02-02 → 2023-02-03going concern APPEARED
trust account, combination deadline, going-concern doubt +13 moved · 1 with no prior record of ours
- Trust account
- $220.1M$220.2M
- Combination deadline
- 2023-02-022023-02-03
- Going-concern doubt
- not statedstated
- Sponsor loans outstanding
- $90Knot matched in this filing
SpacBrain reads this as $121,270 was added to the trust between the two filings.
The clause …“ Non-current prepaid expenses — 19,673 Marketable securities held in Trust Account 220,172,032 220,085,699 TOTAL ASSETS $ 220,645,354 $ 220,392,326 LIABILITIES AND STOCKHOLDERS’ DEFICIT ”…
SpacBrain reads this as 1 days later than the previous record.
The clause …“205-40, “Presentation of Financial Statements – Going Concern,” the Company has until February 3, 2023 to consummate a Business Combination. It is uncertain that the Company will be able to consummate a Business Combination by this”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“is not requested by the Sponsor, 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”…
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 2021-03-31deadline 2023-02-02 → 2023-02-03
combination deadline, trust account, sponsor loans outstanding +21 moved · 4 with no prior record of ours
- Combination deadline
- 2023-02-022023-02-03
- Trust account
- not previously extracted$220.1M
- Sponsor loans outstanding
- not previously extracted$90K
- Going-concern doubt
- stated · unchanged
- Mandate language
- we intend to focus our search for an initial business combin… · unchanged
SpacBrain reads this as 1 days later than the previous record.
The clause …“about an Entity’s Ability to Continue as a Going Concern,” the Company has until February 3, 2023 to consummate a Business Combination. It is uncertain that the Company will be able to consummate a Business Combination by this”…
The clause …“liabilities. As of December 31, 2021, we had cash and marketable securities held in the Trust Account of $220,085,699. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing”…
The clause “00 to be used for a portion of the expenses of our Initial Public Offering. The outstanding balance under the promissory note with our sponsor of $90,000 was repaid at the closing of our Initial Public Offering on February 12, 2021.”…
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern.” 4 Table of Contents ● If we are deemed to be an investment company under the Investment”…
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.
EQ Health Sponsor Group 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 1280 tracked SPACs (24%) 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/2 · 100.0% of the $10 unit
from 424B4 0001104659-21-010330
Trading & liquidity
Company profile
Directors & officers
- GLAZER PAUL J10% owner
- Hanson Benjamin M.Chief Operating Officer
- Beckman AndrewDirector
- BURKE WILLIAM WDirector
- Ellyson Scott E.CEO, President, CFO
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
2 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.
- Saba Capital Management, L.P.with 1 other reporting person on the same schedule5.7% · SC 13GMay 20, 2022 stale
- GLAZER CAPITAL, LLCwith 1 other reporting person 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
34 full SEC filing texts archived — searchable, never lost.
- Vault note — EQHA (EQ Health Acquisition Corp.)
vault-note · /vault/tickers/EQHA
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 trail3 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 0001104659-21-010330 priced 2021-02-01; common ticker EQHA off 8-K 0001104659-22-129736 (2022-12-23); lifecycle EXITED. Ending PROVEN, not inferred: LIQUIDATED per Form 25 0000876661-22-001211 (2022-12-28) — 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: Class A Common Stock, Units). No wind-up press release was readable on the registrant's own file, so the per-share figure is not stored.. 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.
warrantStrike=11.5, unitSeparationDays=52 from the definitive prospectus (0001104659-21-010330). NOT FILLED: warrantCallPrice — no stated candidate; rightShareRatio — no stated candidate
sponsor "EQ Health Sponsor Group LLC" sourced from prospectus definition (10-K) acc 0001104659-21-044231.