FTPA SEC filings, in plain English
Everything FTAC Parnassus 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.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
- What changed vs 2022-08-11trust $250.2M → $251.1M +0%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $250.2M$251.1M
- Combination deadline
- 2023-03-16 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 25.0M · unchanged
SpacBrain reads this as $930,632 was added to the trust between the two filings.
The clause …“expenses 166,734 299,803 Total current assets 271,969 1,110,808 Investments held in Trust Account 251,095,080 250,019,865 Total Assets $ 251,367,049 $ 251,130,673 Liabilities, Class A Common Stock Subject to Possible Redemption and”…
The clause …“our ability to continue as a going concern. Management intends to complete a Business Combination prior to March 16, 2023. No adjustments have been made to the carrying amounts of assets or liabilities should we be required to”…
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. Management intends to complete a Business Combination by close of business on”…
The clause …“uncertain future events. Accordingly, as of the Initial Public Offering date, 25,000,000 shares of Class A common stock subject to possible redemption are presented at redemption value as temporary equity, outside of the stockholders’”…
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 2022-05-12trust $250.0M → $250.2M +0%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $250.0M$250.2M
- Combination deadline
- 2023-03-16 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 25.0M · unchanged
SpacBrain reads this as $122,295 was added to the trust between the two filings.
The clause …“expenses 219,615 299,803 Total current assets 387,132 1,110,808 Investments held in Trust Account 250,164,448 250,019,865 Total Assets $ 250,551,580 $ 251,130,673 Liabilities, Class A Common Stock Subject to Possible Redemption and”…
The clause …“our ability to continue as a going concern. Management intends to complete a Business Combination prior to March 16, 2023. No adjustments have been made to the carrying amounts of assets or liabilities should we be required to”…
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. Management intends to complete a Business Combination by close of business on”…
The clause …“of uncertain future events. Accordingly, as of the Initial Public Offering, 25,000,000 shares of Class A common stock subject to possible redemption are presented at redemption value as temporary equity, outside of the stockholders’”…
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 2021-11-12trust $250.0M → $250.0M +0%going concern APPEARED
trust account, going-concern doubt, combination deadline +12 moved · 2 with no prior record of ours
- Trust account
- $250.0M$250.0M
- Going-concern doubt
- not statedstated
- Combination deadline
- not previously extracted2023-03-16
- Redeemable shares
- 25.0M · unchanged
SpacBrain reads this as $28,590 was added to the trust between the two filings.
The clause …“expenses 294,622 299,803 Total current assets 698,303 1,110,808 Investments held in Trust Account 250,042,153 250,019,865 Total Assets $ 250,740,456 $ 251,130,673 Liabilities, Class A Common Stock Subject to Possible Redemption and”…
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. Management intends to complete a Business Combination by close of business on”…
The clause …“our ability to continue as a going concern. Management intends to complete a Business Combination prior to March 16, 2023. No adjustments have been made to the carrying amounts of assets or liabilities should we be required to”…
The clause …“of uncertain future events. Accordingly, as of the Initial Public Offering, 25,000,000 shares of Class A common stock subject to possible redemption are presented at redemption value as temporary equity, outside of the stockholders’”…
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 2021-08-16trust $250.0M → $250.0M +0%shares 22.9M → 25.0M +9%
trust account, redeemable shares2 moved
- Trust account
- $250.0M$250.0M
- Redeemable shares
- 22.9M25.0M
SpacBrain reads this as $6,302 was added to the trust between the two filings.
The clause …“public offering - 5,785 Stock subscription receivable - 25,000 Investments held in Trust Account 250,013,563 - Total Assets $ 251,446,462 $ 30,785 Liabilities, Class A Common Stock Subject to Possible Redemption and Stockholders'”…
SpacBrain reads this as 2,126,310 more shares carry a redemption right.
The clause …“of uncertain future events. Accordingly, as of the Initial Public Offering, 25,000,000 shares of Class A common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’”…
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 2021-06-09trust $250.0M → $250.0M +0%shares 22.8M → 22.9M +0%
trust account, redeemable shares2 moved
- Trust account
- $250.0M$250.0M
- Redeemable shares
- 22.8M22.9M
SpacBrain reads this as $6,233 was added to the trust between the two filings.
The clause …“public offering - 5,785 Stock subscription receivable - 25,000 Investments held in Trust Account 250,007,261 - Total Assets $ 251,718,354 $ 30,785 Liabilities and Stockholders’ Equity: Current liabilities: Accounts payable $ - $ 503”…
SpacBrain reads this as 102,332 more shares carry a redemption right.
The clause …“to occurrence of uncertain future events. Accordingly, as of June 30, 2021, 22,873,690 shares of Class A common stock subject to possible redemption at the redemption amount were presented at redemption value as temporary equity,”…
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: FTPA completed its IPO on March 16, 2021, raising $250.0 million in gross proceeds (25,000,000 units at $10.00) and $6.9 million in a concurrent private placement, with $250,001,028 held in trust. The Combination Period expires March 16, 2023, and the administrative services agreement was amended on June 8, 2021 to increase the monthly sponsor fee from $20,000 to $27,500. Why it matters: This 10-Q establishes FTPA's post-IPO baseline: trust value of ~$250M ($10.00/share), 22,771,358 public shares subject to redemption, and ~$1.5M in operating cash outside trust. The warrant restatement (reclassified ~$8.9M from equity to derivative liabilities) and the sponsor fee increase signal ongoing cost burn that could pressure the trust if no deal is reached by March 2023.
What changed: On May 26, 2021 FTAC Parnassus received a Nasdaq notice that it is not in compliance with Listing Rule 5250(c)(1) for failing to timely file its Form 10-Q for the quarter ended March 31, 2021. Why it matters: A second FTAC-family SPAC caught by the warrant-restatement filing backlog; the deficiency is procedural but the Nasdaq compliance clock is real.
What changed: FTAC Parnassus filed its audited balance sheet as of March 16, 2021: $250,000,000 in trust, $2,056,620 of operating cash, $10,600,000 of deferred underwriting commissions, and 23,635,516 Class A shares subject to redemption at $10.00 per share. Why it matters: Fixes FTPA's trust at $10.00 per public share on a $250 million raise — the floor under its Class A shares.
What changed: FTAC Parnassus filed its March 11, 2021 underwriting agreement with Cantor Fitzgerald for 22,000,000 units sold to underwriters at $9.40 and offered at $10.00, each unit one Class A share and one-quarter of a redeemable warrant exercisable at $11.50. Why it matters: Sets FTPA's $220 million base IPO with a 6% gross spread and quarter-warrant coverage — the terms any later trust and redemption figures build on.
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.