GGMC SEC filings, in plain English
Everything Glenfarne Merger Corp. has filed with the SEC that we hold — 40 filings, newest first, 5 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: Glenfarne Merger Corp. called a special meeting for December 12, 2022 at 11:30 a.m. local time at Greenberg Traurig, LLP in McLean, Virginia, to change the date by which it must consummate an initial business combination from March 23, 2023 to an Accelerated Termination Date immediately following the filing of the amendment with the Delaware Secretary of State, to remove the Redemption Limitation so public shares may be redeemed even if net tangible assets fall below $5,000,001, and to allow removal of up to $100,000 of trust interest to pay dissolution expenses. Why it matters: This is an accelerated wind-up rather than an extension: the board is returning trust cash more than three months early, which caps further operating costs and, by completing in 2022, avoids the 1% excise tax that attaches to redemptions from January 1, 2023. Removing the Redemption Limitation is the mechanical step that permits a full redemption. Glenfarne ultimately liquidated, so this vote determined how much reached holders.
- What changed vs 2022-08-11trust $272.8M → $273.7M +0%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $272.8M$273.7M
- Combination deadline
- 2023-03-23 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 27.3M · unchanged
SpacBrain reads this as $914,652 was added to the trust between the two filings.
The clause …“expenses 354,348 917,349 Total current assets 496,604 1,738,347 Investments held in Trust Account 273,715,820 272,595,711 Total Assets $ 274,212,424 $ 274,334,058 Liabilities, Class A Common Stock Subject to Possible Redemption and”…
The clause …“about an Entity’s Ability to Continue as a Going Concern,” the Company has until March 23, 2023 to consummate the proposed Business Combination. It is uncertain that the Company will be able to consummate the proposed Business”…
The clause …“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 …“and outstanding as of September 30, 2022 and December 31, 2021 (excluding 27,254,262 shares subject to possible redemption) 86 86 Class B common stock, $ 0.0001 par value; 20,000,000 shares authorized; 6,813,566 shares issued and”…
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 2022-05-13trust $272.6M → $272.8M +0%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $272.6M$272.8M
- Combination deadline
- 2023-03-23 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 27.3M · unchanged
SpacBrain reads this as $203,132 was added to the trust between the two filings.
The clause …“deferred tax asset 8,507 - Total current assets 787,425 1,738,347 Investments held in Trust Account 272,801,168 272,595,711 Total Assets $ 273,588,593 $ 274,334,058 Liabilities, Class A Common Stock Subject to Possible Redemption and”…
The clause …“about an Entity’s Ability to Continue as a Going Concern,” the Company has until March 23, 2023 to consummate the proposed Business Combination. It is uncertain that the Company will be able to consummate the proposed Business”…
The clause …“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 …“issued and outstanding as of June 30, 2022 and December 31, 2021 (excluding 27,254,262 shares subject to possible redemption) 86 86 Class B common stock, $ 0.0001 par value; 20,000,000 shares authorized; 6,813,566 shares issued and”…
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 $272.6M → $272.6M +0%going concern APPEARED
trust account, going-concern doubt, combination deadline +12 moved · 2 with no prior record of ours
- Trust account
- $272.6M$272.6M
- Going-concern doubt
- not statedstated
- Combination deadline
- not previously extracted2023-03-23
- Redeemable shares
- 27.3M · unchanged
SpacBrain reads this as $29,585 was added to the trust between the two filings.
The clause …“expenses 727,182 917,349 Total current assets 1,264,381 1,738,347 Investments held in Trust Account 272,598,036 272,595,711 Total Assets $ 273,862,417 $ 274,334,058 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 …“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 …“about an Entity’s Ability to Continue as a Going Concern,” the Company has until March 23, 2023 to consummate the proposed Business Combination. It is uncertain that the Company will be able to consummate the proposed Business”…
The clause …“issued and outstanding as of March 31, 2022 and December 31, 2021 (excluding 27,254,262 shares subject to possible redemption) 86 86 Class B common stock, $ 0.0001 par value; 20,000,000 shares authorized; 6,813,566 shares issued and”…
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 2021-08-13trust $272.5M → $272.6M +0%shares 24.9M → 27.3M +10%
trust account, redeemable shares2 moved
- Trust account
- $272.5M$272.6M
- Redeemable shares
- 24.9M27.3M
SpacBrain reads this as $29,586 was added to the trust between the two filings.
The clause “0 Prepaid expenses 1,110,502 - Total current assets 2,025,749 7,000 Investments held in Trust Account 272,568,451 - Deferred offering costs - 282,610 Total Assets $ 274,594,200 $ 289,610 Liabilities, Class A Common Stock Subject to”…
SpacBrain reads this as 2,390,603 more shares carry a redemption right.
The clause …“and subject to the occurrence of uncertain future events. Accordingly, 27,254,262 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 2021-06-01trust $250.0M → $272.5M +9%shares 22.6M → 24.9M +10%
trust account, redeemable shares2 moved
- Trust account
- $250.0M$272.5M
- Redeemable shares
- 22.6M24.9M
SpacBrain reads this as $22,538,865 was added to the trust between the two filings.
The clause “0 Prepaid expenses 1,306,774 - Total current assets 2,261,160 7,000 Investments held in Trust Account 272,538,865 - Deferred offering costs - 282,610 Total Assets $ 274,800,025 $ 289,610 Liabilities and Stockholders' Equity: Current”…
SpacBrain reads this as 2,243,619 more shares carry a redemption right.
The clause …“to occurrence of uncertain future events. Accordingly, as of June 30, 2021, 24,863,659 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: Glenfarne Merger Corp. received a Nasdaq delisting notice on May 28, 2021 for delayed filing of its Q1 2021 10-Q, stemming from a warrant accounting reassessment. The company filed the 10-Q on June 1, 2021 and Nasdaq confirmed compliance on June 3, 2021. Why it matters: The warrant reclassification to liabilities reflects the broader SPAC warrant accounting guidance from the SEC's April 12, 2021 statement, but the issue was resolved within days with no lasting listing impact.
What changed: Glenfarne Merger Corp. filed its 10-Q for the quarter ended March 31, 2021, the first quarterly report after its March 2021 IPO and the April over-allotment exercise that lifted trust to about $272.5 million. Why it matters: The first quarterly picture of GGMC as a searching SPAC with its trust in place at $10.00 per public share.
What changed: On May 10, 2021 Glenfarne Merger Corp. announced that from that date holders may separately trade the Class A common stock (GGMC) and one-third warrants (GGMCW) comprising its units, with unseparated units continuing as GGMCU on Nasdaq. Why it matters: Unit separation lets the trust-backed share price apart from the warrant, the precondition for any GGMC redemption trade.
What changed: Glenfarne Merger Corp. filed a restated pro forma balance sheet for the April 20, 2021 partial over-allotment exercise of 2,254,262 additional units, lifting trust from $250,000,000 to $272,542,620 and deferred underwriting to $9,538,992; the restatement also carries $13,986,632 of derivative warrant liabilities and leaves 373,934 founder shares subject to forfeiture. Why it matters: Two changes in one filing: the trust settles at about $272.5 million at $10.00 per public share, and the warrants have been reclassified as liabilities under the SEC's April 2021 SPAC warrant statement.
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.