5:01 Acquisition Corp.
FVAM · Nasdaq
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 Acquisition LLC, listed on Nasdaq in October 2020.
- 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
- 14 October 2020
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 501 SECOND STREET, SUITE 350, SAN FRANCISCO, CA, 94107
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- PARMAR KUSH (Co-CEO) · Schwab Andrew J. (Co-CEO) · Singer Samantha L. (Director)
- Listed securities
- FVAM 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.
- 14 October 2020IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsFVAM 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
5:01 Acquisition Corp. (ticker FVAM) was a blank-check company listed on the Nasdaq Stock Market with SEC CIK 0001823465 and SIC industry code 6770. The company priced its initial public offering on October 14, 2020, according to a 424B prospectus with accession number 0001104659-20-114897. On September 20, 2022, 5:01 Acquisition Corp. filed an 8-K with accession number 0001104659-22-101607 announcing that it would redeem all of its outstanding shares of Class A common stock effective as of the close of business on October 17, 2022. The redemption excluded private placement shares held by the company's sponsor, 5:01 Acquisition LLC, because the company would not consummate an initial business combination within the required time period, thereby liquidating and returning trust cash to shareholders.
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.
Final FVAM trust size settles near $82.6 million at $10.00 per public share, with the over-allotment only partially taken up.
Fixes FVAM's trust at $10.00 per public share on an $80 million raise, the reference point for any later redemption.
Sets FVAM's sponsor economics: founder shares bought for $20,000 against a $3.6 million at-risk private placement priced at the same $10.00 as the public shares.
This is the operative document for FVAM's only security, and it confirms at pricing that there is no warrant to strike, call or model — the earlier registration statement's statement that investors will not receive warrants survived to pricing. The company states it has 24 months to consummate an initial business combination, failing which the trust is distributed pro rata to public stockholders by redemption of their shares. Deferred underwriting is $0.35 per Class A share, 3.5% of gross proceeds, forfeited entirely if no business combination is consummated.
The IPO pricing that starts FVAM's clock; note the structure is shares only, with no warrant attached to the public security.
A warrantless SPAC breaks the assumption every SPAC model starts from: there is no warrant strike, no redemption trigger, no cashless-exercise mechanic and no warrant dilution to price here, and any figure of that kind attached to FVAM is imported from elsewhere, not from this document. The company states it initially has 24 months to consummate an initial business combination, failing which the amount then on deposit in the trust account is distributed pro rata to public stockholders.
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 vs 2022-05-13trust $82.6M → $82.7M +0%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $82.6M$82.7M
- Combination deadline
- 2022-10-16 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 8.26M · unchanged
SpacBrain reads this as $109,449 was added to the trust between the two filings.
The clause …“asset 10,691 — Total current assets 739,002 443,046 Investments held in Trust Account 82,691,062 82,573,762 Total Assets $ 83,430,064 $ 83,016,808 Liabilities, Class A Common Stock Subject to”…
The clause …“to consummate a business combination. If we are unable to complete our business combination by October 16, 2022, we will redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on”…
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”…
The clause “200,000,000 shares authorized, 365,126 shares issued and outstanding (excluding 8,256,273 shares subject to possible redemption) as of June 30, 2022 and December 31, 2021 37 37 Class B common stock, $ 0.0001 par value; 10,000,000”…
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 2021-11-10trust $82.6M → $82.6M +0%going concern APPEARED
trust account, going-concern doubt, combination deadline +12 moved · 2 with no prior record of ours
- Trust account
- $82.6M$82.6M
- Going-concern doubt
- not statedstated
- Combination deadline
- not previously extracted2022-10-16
- Redeemable shares
- 8.26M · unchanged
SpacBrain reads this as $9,595 was added to the trust between the two filings.
The clause …“110,344 111,773 Total current assets 1,100,207 443,046 Investments held in Trust Account 82,581,613 82,573,762 Total Assets $ 83,681,820 $ 83,016,808 Liabilities, Class A Common Stock Subject to”…
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”…
The clause …“to consummate a business combination. If we are unable to complete our business combination by October 16, 2022, we will redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on”…
The clause “200,000,000 shares authorized, 365,126 shares issued and outstanding (excluding 8,256,273 shares subject to possible redemption) as of March 31, 2022 and December 31, 2021 37 37 Class B common stock, $ 0.0001 par value; 10,000,000”…
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 2021-03-17trust $82.6M → $82.6M +0%going concern APPEAREDshares 7.59M → 8.26M +9%
trust account, going-concern doubt, redeemable shares +23 moved · 2 with no prior record of ours
- Trust account
- $82.6M$82.6M
- Going-concern doubt
- not statedstated
- Redeemable shares
- 7.59M8.26M
- Combination deadline
- not previously extracted2022-10-16
- Mandate language
- we intend to target early stage North American or European c…not matched in this filing
SpacBrain reads this as $10,549 was added to the trust between the two filings.
The clause …“111,773 206,198 Total current assets 443,046 1,350,746 Investments held in Trust Account 82,573,762 82,563,213 Total Assets $ 83,016,808 $ 83,913,959 Liabilities, Class A Common Stock Subject to”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“notice of such default from the sponsor. In connection with our assessment of going concern considerations in accordance with Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 205-40,”…
SpacBrain reads this as 663,017 more shares carry a redemption right.
The clause …“of uncertain future events. Accordingly, at December 31, 2021 and 2020, 8,256,273 shares of Class A common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’”…
The clause …“unable to raise additional funds to alleviate liquidity needs and complete a business combination by October 16, 2022 then the Company will cease all operations except for the purpose of liquidating. The liquidity condition and date”…
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.
Acquisition 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
from 424B4 0001104659-20-114897
Trading & liquidity
Company profile
Directors & officers
- PARMAR KUSHCo-CEO
- Schwab Andrew J.Co-CEO
- Singer Samantha L.Director
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
10 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.
- 5:01 Acquisition LLCwith 4 other reporting persons on the same schedule21.9% · SC 13GFeb 16, 2021 stale
- Saba Capital Management, L.P.with 1 other reporting person on the same schedule7.8% · SC 13G/AFeb 14, 2022 stale
- BlueCrest Capital Management Ltdwith 1 other reporting person on the same schedule7.2% · SC 13GOct 23, 2020 stale
- Slate Path Capital LP5.8% · SC 13GFeb 11, 2022 stale
- BIOTECHNOLOGY VALUE FUND L Pwith 9 other reporting persons on the same schedule5.8% · SC 13GMar 5, 2021 stale
- GLAZER CAPITAL, LLCwith 1 other reporting person on the same schedule5.0% · SC 13G/AFeb 14, 2022 stale
- Sculptor Capital LP0.2% · SC 13GMar 8, 2022 stale
- Alyeska Investment Group, L.P.with 2 other reporting persons on the same schedule0.0% · SC 13G/AFeb 14, 2023 stale
- CITADEL ADVISORS LLCwith 5 other reporting persons on the same schedule0.0% · SC 13G/AFeb 14, 2023 stale
- RA CAPITAL MANAGEMENT, L.P.with 3 other reporting persons on the same schedule0.0% · SC 13G/AFeb 14, 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
39 full SEC filing texts archived — searchable, never lost.
- Vault note — FVAM (5:01 Acquisition Corp.)
vault-note · /vault/tickers/FVAM
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 trail2 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 0001104659-20-114897 priced 2020-10-14; common ticker FVAM off 8-K 0001104659-22-101607 (2022-09-20); lifecycle EXITED. Ending PROVEN, not inferred: LIQUIDATED per 8-K 0001104659-22-101607 (2022-09-20) — announced redemption of all public shares: “…will redeem all of its outstanding shares of Class A common stock, effective as of the close of business on October 17, 2022, excluding private placement shares held by the Company's sponsor, 5:01 Acquisition LLC, because the Company will not consummate an initial business combination within the time period required by…”. 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.
sponsor "Acquisition LLC" sourced from prospectus definition (10-K) acc 0001104659-21-037704.