GMBT SEC filings, in plain English
Everything Queen's Gambit Growth Capital has filed with the SEC that we hold — 40 filings, newest first, 1 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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live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
- What changed vs 2021-03-29trust $345.0M → $345.1M +0%going concern APPEARED
trust account, going-concern doubt, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $345.0M$345.1M
- Going-concern doubt
- not statedstated
- Combination deadline
- not previously extracted2023-01-23
- Redeemable shares
- not previously extracted34.5M
- Mandate language
- We intend to focus our search on a target business that prov… · unchanged
SpacBrain reads this as $92,122 was added to the trust between the two filings.
The clause “Total current assets 1,220,829 - Deferred offering costs - 280,543 Investments held in Trust Account 345,092,122 - Total Assets $ 346,312,951 $ 280,543 Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders'”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“value for our shareholders. • Our proximity to our liquidation date expresses substantial doubt about our ability to continue as a “going concern.” • We may not be able to complete our initial business combination within the 24 months”…
The clause “Concern” management has determined that if the Company is unable to complete a Business Combination by January 23, 2023, then the Company will cease all operations except for the purpose of liquidating. The date for mandatory liquidation”…
The clause …“of uncertain future events. Accordingly, as of the Initial Public Offering, 34,500,000 Class A ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders’ equity section of our”…
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: Definitive proxy statement of Queen's Gambit Growth Capital and prospectus of Pivotal Holdings Corp, dated March 15, 2022, for the combination with Swvl Inc., a British Virgin Islands company, under a Business Combination Agreement dated July 28, 2021. Four steps run in order: the SPAC merges into a Cayman Merger Sub; Holdings redeems its own outstanding Class A and Class B shares for par value; the SPAC Surviving Company distributes the BVI Merger Sub shares to Holdings; and BVI Merger Sub merges into Swvl, which survives as a wholly owned subsidiary of Holdings. Why it matters: Neither the SPAC nor the target ends up as the listed company. Pivotal Holdings Corp does, and both the SPAC Surviving Company and Swvl become its subsidiaries — a double-dummy structure in which the registrant on the prospectus is an entity that had no public securities before the deal. SPAC holders are made whole one-for-one: each Class A ordinary share becomes one Holdings Common Share A, each Class B becomes one Holdings Common Share B, each warrant is assumed on the same terms, and each unit of one Class A share and one-third of a warrant becomes an identically composed Holdings unit.
pipe, outside datenothing moved · 2 with no prior record of ours
- PIPE
- no earlier filing$185.0M
- Outside date
- no earlier filing2022-05-31
The clause …“SPAC and Holdings collectively having cash on hand equal to or in excess of $185 million after consummation of the PIPE Financing after the distribution of the funds in the Trust Account (and deducting all amounts to be paid pursuant”…
SpacBrain reads this as the agreement may be terminated from 2022-05-31.
The clause …“2, 2022, Swvl and SPAC agreed that the Second BCA Amendment would extend the Outside Date to May 31, 2022. On March 3, 2022, Swvl, SPAC, Holdings, Cayman Merger Sub and BVI Merger Sub executed the Second BCA Amendment. Both Swvl 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.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- not previously extracted2022-05-31
SpacBrain reads this as the agreement may be terminated from 2022-05-31.
The clause …“subject to the terms and conditions therein, the parties thereto extended the Outside Date (as defined in the Business Combination Agreement) to May 31, 2022. The foregoing description of the Second Amendment is qualified in its”…
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.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2022-05-31 · unchanged
The clause …“subject to the terms and conditions therein, the parties thereto extended the Outside Date (as defined in the Business Combination Agreement) to May 31, 2022. The foregoing description of the Second Amendment is qualified in its”…
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 $345.1M → $345.1M +0%shares 30.2M → 34.5M +14%
trust account, redeemable shares2 moved
- Trust account
- $345.1M$345.1M
- Redeemable shares
- 30.2M34.5M
SpacBrain reads this as $8,793 was added to the trust between the two filings.
The clause “Total current assets 2,079,917 - Deferred offering costs - 280,543 Investments held in Trust Account 345,083,423 - Total Assets $ 347,163,340 $ 280,543 Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders'”…
SpacBrain reads this as 4,346,056 more shares carry a redemption right.
The clause …“of uncertain future events. Accordingly, as of the Initial Public Offering, 34,500,000 Class A ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders’ equity section of the”…
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.
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.