EUCR SEC filings, in plain English

• 15-12G8 May 20230001104659-23-056766
• 25-NSE26 April 20230001354457-23-000302
• 10-K13 April 20230001410578-23-000637
  What changed vs 2022-04-11trust $104.8M → $12.4M -88%deadline 2022-10-27 → 2023-04-27shares 10.5M → 1.23M -88%
  trust account, combination deadline, redeemable shares +23 moved · 2 with no prior record of ours

  Trust account

  $104.8M→$12.4M

  SpacBrain reads this as $92,489,660 left the trust between the two filings.

  The clause “Current Assets ​ 132,198 ​ 264,156 ​ ​ ​ ​ ​ ​ ​ Cash and marketable securities held in Trust Account ​ 12,353,160 ​ 104,842,820 TOTAL ASSETS ​ $ 12,485,358 ​ $ 105,106,976 ​ ​ ​ ​ ​ ​ ​ LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE ​”…

  Combination deadline

  2022-10-27→2023-04-27

  SpacBrain reads this as 182 days later than the previous record.

  The clause …“to redeem our public shares if we are unable to consummate our initial business combination by April 27, 2023. We may be a passive foreign investment company, or “PFIC,” which could result in adverse U.S. federal income tax”…

  Redeemable shares

  10.5M→1.23M

  SpacBrain reads this as 9,253,065 shares are no longer redeemable.

  The clause …“unlimited shares authorized; 2,979,499 issued and outstanding (excluding 1,226,561 and 10,479,626 shares subject to possible redemption) as of December 31, 2022 and 2021, respectively ​ — ​ — Accumulated deficit ​ ( 3,717,596 ) ​ (”…

  Going-concern doubt

  stated · unchanged

  The clause …“our initial business combination. ● Our management concluded that there is substantial doubt about our ability to continue as a “going concern.” ● Our sponsor controls a substantial interest in us and thus may exert a substantial”…

  Mandate language

  we are focusing on industries that complement our management… · unchanged

  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.

• 8-K11 April 20230001104659-23-044086
• 8-K3 April 20230001104659-23-040852
• NT 10-K29 March 20230001104659-23-038354
• 8-K16 February 20230001104659-23-022812
• SC 13G/A10 February 20230001193805-23-000134
• 10-Q14 November 20220001410578-22-003416
  What changed vs 2022-08-15trust $105.0M → $105.4M +0%deadline 2022-10-27 → 2023-04-27
  trust account, combination deadline, going-concern doubt +12 moved · 2 with no prior record of ours

  Trust account

  $105.0M→$105.4M

  SpacBrain reads this as $464,320 was added to the trust between the two filings.

  The clause “Total Current Assets ​ ​ 97,245 ​ ​ 264,156 ​ ​ ​ ​ ​ ​ ​ Marketable securities held in Trust Account ​ ​ 105,419,089 ​ ​ 104,842,820 TOTAL ASSETS ​ $ 105,516,334 ​ $ 105,106,976 ​ ​ ​ ​ ​ ​ ​ LIABILITIES AND SHAREHOLDERS’ DEFICIT ​ ​ ​ ​”…

  Combination deadline

  2022-10-27→2023-04-27

  SpacBrain reads this as 182 days later than the previous record.

  The clause …“by which we must consummate a business combination from October 27, 2022 to April 27, 2023 (the “Extension Proposal”). In connection with the Extension Proposal, shareholders elected to redeem 9,253,065 Ordinary Shares, which”…

  Going-concern doubt

  stated · unchanged

  The clause …“a 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”…

  Redeemable shares

  10.5M · unchanged

  The clause …“unlimited shares authorized; 2,979,499 issued and outstanding (excluding 10,479,626 shares subject to possible redemption) as of September 30, 2022 and December 31, 2021 ​ — ​ ​ — Accumulated deficit ​ ( 3,734,485 ) ​ ​ ( 5,489,507”…

  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.

• SC 13G9 November 20220000834237-22-010992
• 8-K8 November 20220001104659-22-115962
• 8-K31 October 20220001104659-22-112977
• 8-K24 October 20220001104659-22-110938
• UPLOAD12 October 20220000000000-22-011212
• DEF 14A12 October 20220001104659-22-108111

  What changed: Eucrates Biomedical Acquisition Corp. called a special meeting in lieu of its 2022 annual general meeting for October 24, 2022, to extend the date by which it must consummate a business combination from October 27, 2022 to April 27, 2023. Based on the current trust balance the Company estimates the per-share pro rata portion at approximately $10.07 at the time of the meeting, against a closing price of $10.03 on October 7, 2022. If no combination closes by the applicable date, the Company will cease operations and within five business days redeem 100% of the outstanding public shares. Why it matters: Four cents in favour of redeeming over selling, with the added certainty the proxy says the market may not provide. Six months of extension is sought with no deposit disclosed in the excerpt, so holders who stay fund the delay uncompensated. The five-business-day redemption window on failure is faster than the ten days most SPACs allow. Eucrates ultimately liquidated, confirming the trust claim was the return.

• CORRESP5 October 20220001104659-22-106403
• PRER14A5 October 20220001104659-22-106401
• UPLOAD4 October 20220000000000-22-010907
• PRE 14A28 September 20220001104659-22-103771
• 10-Q15 August 20220001410578-22-002601
  What changed vs 2022-05-23trust $104.8M → $105.0M +0%
  trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours

  Trust account

  $104.8M→$105.0M

  SpacBrain reads this as $128,811 was added to the trust between the two filings.

  The clause …“Current Assets ​ ​ 222,168 ​ ​ 264,156 ​ ​ ​ ​ ​ ​ ​ Marketable securities held in Trust Account ​ ​ 104,954,769 ​ ​ 104,842,820 TOTAL ASSETS ​ $ 105,176,937 ​ $ 105,106,976 ​ ​ ​ ​ ​ ​ ​ LIABILITIES AND SHAREHOLDERS’ DEFICIT ​ ​ ​ ​”…

  Combination deadline

  2022-10-27 · unchanged

  The clause …“placement concurrent with our initial public offering. Going Concern We have until October 27, 2022, to consummate a Business Combination. It is uncertain that we will be able to consummate a Business Combination by this time. If”…

  Going-concern doubt

  stated · unchanged

  The clause …“a 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”…

  Redeemable shares

  10.5M · unchanged

  The clause …“unlimited shares authorized; 2,979,499 issued and outstanding (excluding 10,479,626 shares subject to possible redemption) as of June 30, 2022 and December 31, 2021 ​ — ​ ​ — Accumulated deficit ​ ( 3,791,501 ) ​ ​ ( 5,489,507 )”…

  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.

• 10-Q23 May 20220001410578-22-001827
  What changed vs 2021-11-22trust $104.8M → $104.8M -0%going concern APPEARED
  trust account, going-concern doubt, combination deadline +12 moved · 2 with no prior record of ours

  Trust account

  $104.8M→$104.8M

  SpacBrain reads this as $6,732 left the trust between the two filings.

  The clause …“Current Assets ​ ​ 356,152 ​ ​ 264,156 ​ ​ ​ ​ ​ ​ ​ Marketable securities held in Trust Account ​ ​ 104,825,958 ​ ​ 104,842,820 TOTAL ASSETS ​ $ 105,182,110 ​ $ 105,106,976 ​ ​ ​ ​ ​ ​ ​ LIABILITIES AND SHAREHOLDERS’ DEFICIT ​ ​ ​ ​”…

  Going-concern doubt

  not stated→stated

  SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.

  The clause …“a 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”…

  Combination deadline

  2022-10-27 · unchanged

  The clause …“placement concurrent with our initial public offering. Going Concern We have until October 27, 2022 to consummate a Business Combination. It is uncertain that we will be able to consummate a Business Combination by this time. If a”…

  Redeemable shares

  10.5M · unchanged

  The clause …“unlimited shares authorized; 2,979,499 issued and outstanding (excluding 10,479,626 shares subject to possible redemption) as of March 31, 2022 and December 31, 2021 ​ — ​ ​ — Accumulated deficit ​ ( 4,164,653 ) ​ ​ ( 5,489,507 )”…

  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.

• NT 10-Q16 May 20220001104659-22-061383
• 10-K11 April 20220001410578-22-000855
  What changed vs 2021-03-31trust $104.8M → $104.8M +0%going concern APPEAREDshares 9.71M → 10.5M +8%
  trust account, going-concern doubt, redeemable shares +23 moved · 2 with no prior record of ours

  Trust account

  $104.8M→$104.8M

  SpacBrain reads this as $37,284 was added to the trust between the two filings.

  The clause “503 of cash from operating activities. At December 31, 2021, we had investments held in the Trust Account of $104,842,820. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing”…

  Going-concern doubt

  not stated→stated

  SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.

  The clause …“to complete a business combination. Our management concluded that there is substantial doubt about our ability to continue as a “going concern.” As of December 31, 2021, we had $49,156 in our operating bank accounts and $104,842,820”…

  Redeemable shares

  9.71M→10.5M

  SpacBrain reads this as 769,843 more shares carry a redemption right.

  The clause …“unlimited shares authorized; 2,979,499 issued and outstanding (excluding 10,479,626 shares subject to possible redemption) ​ — ​ — Accumulated deficit ​ ( 5,489,507 ) ​ ( 9,313,736 ) Total Shareholders’ Deficit ​ ( 5,489,507 ) ​ (”…

  Combination deadline

  2022-10-27 · unchanged

  The clause …“to redeem our public shares if we are unable to consummate our initial business combination by October 27, 2022. We are an “emerging growth company” and we cannot be certain if the reduced disclosure requirements applicable to”…

  Mandate language

  we are focusing on industries that complement our management… · unchanged

  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.

• NT 10-K31 March 20220001104659-22-041148
• SC 13G14 February 20220000080255-22-002250
• SC 13G/A8 February 20220000834237-22-008425
• 8-K26 January 20220001104659-22-007832
• 10-K/A20 December 20210001104659-21-151723
• 10-Q22 November 20210001410578-21-000388
  What changed vs 2021-08-16trust $104.8M → $104.8M +0%shares 9.31M → 10.5M +13%
  trust account, redeemable shares, combination deadline2 moved · 1 with no prior record of ours

  Trust account

  $104.8M→$104.8M

  SpacBrain reads this as $16,568 was added to the trust between the two filings.

  The clause …“Current Assets ​ ​ 490,219 ​ ​ 1,021,370 ​ ​ ​ ​ ​ ​ ​ Marketable securities held in Trust Account ​ ​ 104,832,690 ​ ​ 104,805,536 TOTAL ASSETS ​ $ 105,322,909 ​ $ 105,826,906 ​ ​ ​ ​ ​ ​ ​ LIABILITIES AND SHAREHOLDERS’ (DEFICIT) ​ ​ ​”…

  Redeemable shares

  9.31M→10.5M

  SpacBrain reads this as 1,170,665 more shares carry a redemption right.

  The clause …“unlimited shares authorized; 2,979,499 issued and outstanding (excluding 10,479,626 shares subject to possible redemption) as of September 30, 2021 and December 31, 2020, respectively ​ — ​ ​ — Accumulated deficit ​ ( 5,738,784 ) ​”…

  Combination deadline

  2022-10-27 · unchanged

  The clause …“if the Company fails to complete its Business Combination. The Company will have until October 27, 2022 to consummate a Business Combination (the “Combination Period”). If the Company is unable to complete a Business Combination”…

  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.

• 8-K19 November 20210001104659-21-141999
• NT 10-Q16 November 20210001104659-21-139436
• 10-Q16 August 20210001104659-21-106198
  What changed vs 2021-07-16trust $104.8M → $104.8M -0%shares 9.25M → 9.31M +1%
  trust account, redeemable shares, combination deadline2 moved · 1 with no prior record of ours

  Trust account

  $104.8M→$104.8M

  SpacBrain reads this as $4,928 left the trust between the two filings.

  The clause …“Current Assets ​ ​ 746,231 ​ ​ 1,021,370 ​ ​ ​ ​ ​ ​ ​ Marketable securities held in Trust Account ​ ​ 104,816,122 ​ ​ 104,805,536 TOTAL ASSETS ​ $ 105,562,353 ​ $ 105,826,906 ​ ​ ​ ​ ​ ​ ​ LIABILITIES AND SHAREHOLDERS’ EQUITY ​ ​ ​ ​”…

  Redeemable shares

  9.25M→9.31M

  SpacBrain reads this as 63,482 more shares carry a redemption right.

  The clause …“shares authorized; 4,150,164 and 4,411,674 issued and outstanding (excluding 9,308,961 and 9,047,451 shares subject to possible redemption) as of June 30, 2021 and December 31, 2020, respectively ​ 7,299,744 ​ ​ 9,924,479 Accumulated”…

  Combination deadline

  2022-10-27 · unchanged

  The clause …“if the Company fails to complete its Business Combination. The Company will have until October 27, 2022 to consummate a Business Combination (the “Combination Period”). If the Company is unable to complete a Business Combination”…

  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.

• 10-Q16 July 20210001104659-21-093067
  What changed vs 2020-12-07trust $104.8M → $104.8M +0%
  trust account, redeemable shares, combination deadline1 moved · 2 with no prior record of ours

  Trust account

  $104.8M→$104.8M

  SpacBrain reads this as $24,790 was added to the trust between the two filings.

  The clause …“443,750 470,106 Total Current Assets 887,003 1,021,370 Marketable securities held in Trust Account 104,821,050 104,805,536 TOTAL ASSETS $ 105,708,053 $ 105,826,906 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities - Accrued”…

  Redeemable shares

  not previously extracted→9.25M

  The clause …“shares authorized; 4,213,646 and 4,411,674 issued and outstanding (excluding 9,245,479 and 9,047,451 shares subject to possible redemption) as of March 31, 2021 and December 31, 2020, respectively 7,930,336 9,924,479 Accumulated”…

  Combination deadline

  2022-10-27 · unchanged

  The clause …“if the Company fails to complete its Business Combination. The Company will have until October 27, 2022 to consummate a Business Combination (the “Combination Period”). If the Company is unable to complete a Business Combination”…

  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.

• 10-K/A15 July 20210001104659-21-092689
• 8-K21 June 20210001104659-21-083510
• 8-K1 June 20210001104659-21-074631
• NT 10-Q17 May 20210001104659-21-067378
• 10-K31 March 20210001104659-21-044723
• SC 13G12 February 20210001104659-21-021890
• SC 13G8 February 20210000834237-21-007566

The complete EUCR filing history on EDGAR