FEAC SEC filings, in plain English
Everything Flying Eagle Acquisition Corp. has filed with the SEC that we hold — 40 filings, newest first, 7 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: Firy Inc. (formerly Skillz Inc.) reported second-quarter revenue of $30,992 thousand against $25,214 thousand a year earlier, and six-month revenue of $60,097 thousand against $47,111 thousand. Net loss widened to $24,475 thousand for the quarter from $17,922 thousand, and was $35,420 thousand for the six months. Cash and cash equivalents were $164.0 million, total stockholders' equity fell to $84,468 thousand from $111,820 thousand at January 1, 2026, and the current portion of long-term debt stood at $128,646 thousand. Why it matters: Revenue is growing and the loss is growing faster. The balance sheet carries $128.6 million of debt in current liabilities — the 10.250% senior secured notes due 2026, originally $300.0 million issued in December 2021 — against $164.0 million of cash, which is the context for the $80.0 million partial redemption of those notes the company noticed on August 4, 2026. The filing also discloses that Tether terminated all of its agreements with the company effective September 1, 2025, which the company is contesting in the Delaware Court of Chancery.
What changed: FIRY Inc., formerly Skillz Inc., reported under Item 8.01 that on August 14, 2026 it redeemed $80.0 million aggregate principal amount of its outstanding 10.250% Secured Notes due 2026 at a redemption price of 100.000% of principal plus accrued and unpaid interest. After that redemption, $49,671,000 aggregate principal amount of the notes remained outstanding as of August 14, 2026. Why it matters: The company retired $80.0 million of a secured obligation at par rather than at a premium, and the filing states the exact remaining balance of $49,671,000 on notes that mature in 2026 — so the residual maturity is both quantified and near.
What changed: Firy Inc. issued a press release on August 13, 2026 announcing its financial results for the second quarter ended June 30, 2026, attached as Exhibit 99.1 under Item 2.02. The 8-K body states only that the release makes reference to non-GAAP measures with reconciliations to the nearest GAAP measures, and that the Item 2.02 information is furnished rather than filed. No figures appear in the report itself. Why it matters: The quarter's numbers are in the exhibit, not this document, so the 8-K establishes only that Q2 2026 results were released on August 13, 2026. Any conclusion about performance has to come from Exhibit 99.1, and the furnished status means it carries the lower liability standard.
What changed: Firy Inc. (formerly Skillz Inc.) delivered a notice of partial redemption on August 4, 2026 to redeem $80.0 million aggregate principal amount of its outstanding 10.250% Secured Notes due 2026 at a redemption price of 100.000% of principal plus accrued and unpaid interest, with redemption occurring on August 14, 2026. The filing states that $129,671,000 aggregate principal amount of the Notes was outstanding as of August 4, 2026. UMB Bank, N.A. is trustee for the Notes and paying agent for the redemption. Why it matters: For a de-SPAC carrying secured debt this is the clearest available read on liquidity and leverage: retiring $80.0 million of the stated $129,671,000 outstanding at par consumes cash now and removes about 62% of the principal maturing in 2026. The filing gives the amounts, the price and the date, and states nothing about the source of funds.
What changed: Firy Inc., the Flying Eagle Acquisition Corp. successor, reported that on July 27, 2026 Judge Denise Cote of the U.S. District Court for the Southern District of New York entered an Opinion and Order stating she will enter judgment against Papaya Gaming for $719 million in disgorgement of unjust profits to the company's wholly owned subsidiary Skillz Platform Inc., plus an award of certain attorneys' fees and costs. The order follows the false advertising suit Skillz Platform filed against Papaya in 2024 under the federal Lanham Act and the New York General Business Law. Why it matters: A $719 million disgorgement award is a multiple of what this de-SPAC is worth as an operating business, so the litigation asset now dominates the equity story for former FEAC holders. The company says it will vigorously pursue full collection but explicitly gives no assurance as to timing or amount, including in light of any appeal — and disgorgement awards of this size are routinely appealed and reduced. Collectibility from a private defendant is the second unknown behind the headline figure.
What changed: Item 5.07: Firy Inc. held its 2026 annual meeting of stockholders on June 18, 2026. At the close of business on the April 24, 2026 record date there were 12,435,460 shares of Class A common stock and 3,430,063 shares of Class B common stock outstanding, with each Class A share carrying one vote and each Class B share 20 votes. In the election of directors Andrew Paradise received 68,977,034 votes for, 639,721 against and 22,148 abstentions, with 6,867,804 broker non-votes, and Anthony Cabot received 69,018,355 for and 601,776 against. Why it matters: The vote totals reveal the control structure: 3,430,063 Class B shares at 20 votes each is about 68.6 million votes against 12,435,460 Class A votes, so roughly 85% of voting power sits with the Class B holders. Director elections at this company are therefore decided by the founder side, and the 6,867,804 broker non-votes on a director proposal indicate a large retail base whose shares were not voted at all.
What changed: Skillz Inc., the successor to Flying Eagle Acquisition Corp., called its 2026 annual meeting for June 18, 2026 at 10:00 a.m. Pacific Time by virtual web conference, record date April 24, 2026, with director elections and ratification of Deloitte & Touche LLP for the fiscal year ending December 31, 2026. The pay-versus-performance table reports a 2025 net loss of $70,408 thousand and total shareholder return of $0.95 per $100 invested. Director RSU grants were cut to a $250,000 target value from $400,000 in 2024, sized on the fifteen-trading-day NYSE VWAP and vesting over four years. Why it matters: A total shareholder return of $0.95 for every $100 invested means holders have lost more than 99% of their capital since the measurement date, while the company still lost $70.4 million in 2025 - among the worst outcomes in the de-SPAC cohort. Cutting director equity from $400,000 to $250,000 acknowledges it. Sizing those RSUs off a trailing VWAP still means a lower price produces more shares, so dilution accelerates as the stock falls further.
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.