HIGA SEC filings, in plain English
Everything H.I.G. Acquisition Corp. 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.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
- What changed vs 2022-05-16trust $364.0M → $364.5M +0%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $364.0M$364.5M
- Combination deadline
- 2022-10-23 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 36.4M · unchanged
SpacBrain reads this as $462,318 was added to the trust between the two filings.
The clause …“expenses 189,241 495,072 Total current assets 193,178 499,383 Investments held in Trust Account 364,482,454 363,987,687 Total Assets $ 364,675,632 $ 364,487,070 LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION,”…
The clause …“about an Entity’s Ability to Continue as a Going Concern,” the Company has until October 23, 2022 to consummate a Business Combination. As of June 30, 2022, the Company had approximately $ 4 ,000 in its operating bank accounts”…
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 …“value; 950,000,000 shares authorized; no ne issued or outstanding (excluding 36,394,500 shares subject to possible redemption) (1) — — Class B ordinary shares, $ 0.0001 par value; 95,000,000 shares authorized; 9,098,625 shares issued”…
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 2021-11-05trust $364.0M → $364.0M +0%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $364.0M$364.0M
- Combination deadline
- not previously extracted2022-10-23
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 36.4M · unchanged
SpacBrain reads this as $41,623 was added to the trust between the two filings.
The clause …“expenses 343,001 495,072 Total current assets 347,187 499,383 Investments held in Trust Account 364,020,136 363,987,687 Total Assets $ 364,367,323 $ 364,487,070 LIABILITIES , CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION”…
The clause …“about an Entity’s Ability to Continue as a Going Concern,” the Company has until October 23, 2022 to consummate a Business Combination. It is uncertain that we will be able to consummate a Business Combination by this time. If a”…
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 …“value; 950,000,000 shares authorized; no ne issued or outstanding (excluding 36,394,500 shares subject to possible redemption) (1) — — Class B ordinary shares, $ 0.0001 par value; 95,000,000 shares authorized; 9,098,625 shares issued”…
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 2021-03-30trust $364.0M → $364.0M -0%going concern APPEAREDshares 34.7M → 36.4M +5%
trust account, going-concern doubt, redeemable shares +23 moved · 2 with no prior record of ours
- Trust account
- $364.0M$364.0M
- Going-concern doubt
- not statedstated
- Redeemable shares
- 34.7M36.4M
- Combination deadline
- not previously extracted2022-10-23
- Mandate language
- We intend to target large, high quality businesses with capi… · unchanged
SpacBrain reads this as $12,313 left the trust between the two filings.
The clause …“expenses 495,072 1,096,949 Total current assets 499,383 1,127,052 Investments held in Trust Account 363,987,687 363,951,287 Total Assets $ 364,487,070 $ 365,078,339 LIABILITIES , CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern.” We may not have sufficient liquidity to meet our anticipated obligations over the next”…
SpacBrain reads this as 1,676,153 more shares carry a redemption right.
The clause …“value; 950,000,000 shares authorized; none issued and outstanding (excluding 36,394,500 shares subject to possible redemption) — — Class B ordinary shares, $ 0.0001 par value; 95,000,000 shares authorized; 9,098,625 shares issued and”…
The clause …“unable to raise additional funds to alleviate liquidity needs and complete a business combination by October 23, 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.
- What changed vs 2021-08-16trust $364.0M → $364.0M +0%going concern APPEAREDshares 32.4M → 36.4M +12%
trust account, going-concern doubt, redeemable shares3 moved
- Trust account
- $364.0M$364.0M
- Going-concern doubt
- not statedstated
- Redeemable shares
- 32.4M36.4M
SpacBrain reads this as $9,176 was added to the trust between the two filings.
The clause …“expenses 609,967 1,096,949 Total current assets 614,353 1,127,052 Investments held in Trust Account 363,978,513 363,951,287 Total assets $ 364,592,866 $ 365,078,339 LIABILITIES AND SHAREHOLDERS’ DEFICIT Current liabilities: Accounts”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“all. As a result of the above, in connection with the Company’s assessment of going concern considerations in accordance with Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to”…
SpacBrain reads this as 3,952,143 more shares carry a redemption right.
The clause …“value; 950,000,000 shares authorized; none issued or outstanding (excluding 36,394,500 shares subject to possible redemption) — — Class B ordinary shares, $ 0.0001 par value; 95,000,000 shares authorized; 9,098,625 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 2021-05-24trust $364.0M → $364.0M +0%shares 32.7M → 32.4M -1%
trust account, redeemable shares2 moved
- Trust account
- $364.0M$364.0M
- Redeemable shares
- 32.7M32.4M
SpacBrain reads this as $9,075 was added to the trust between the two filings.
The clause …“expenses 758,246 1,096,949 Total current assets 762,707 1,127,052 Investments held in Trust Account 363,969,337 363,951,287 Total assets $ 364,732,044 $ 365,078,339 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities Current liabilities:”…
SpacBrain reads this as 221,931 shares are no longer redeemable.
The clause …“authorized; 3,952,143 and 4,075,737 shares issued and outstanding (excluding 32,442,357 and 32,318,763 shares subject to possible redemption) at June 30, 2021 and December 31, 2020 395 408 Class B ordinary shares, $ 0.0001 par value;”…
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.
trust account, redeemable sharesnothing moved · 2 with no prior record of ours
- Trust account
- not previously extracted$364.0M
- Redeemable shares
- not previously extracted32.7M
The clause …“expenses 932,872 1,096,949 Total current assets 937,448 1,127,052 Investments held in Trust Account 363,960,262 363,951,287 Total assets $ 364,897,710 $ 365,078,339 Liabilities and Shareholders Equity Liabilities Current liabilities:”…
The clause …“36,890,700 Commitments and Contingencies (Note 5) Class A ordinary shares; 32,664,288 and 32,318,763 shares subject to possible redemption at $10.00 per share at March 31, 2021 and December 31, 2020, respectively 326,642,880”…
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: FY2020 10-K for H.I.G. Acquisition Corp., a Cayman blank-check sponsored by an H.I.G. Capital affiliate, with no definitive acquisition agreement signed. At 31 December 2020: 34,718,347 Class A shares subject to possible redemption carried at $347,183,470 ($10.00 a share), 1,676,153 non-redeemable Class A and 9,098,625 Class B outstanding, deferred underwriting commissions $12,738,075, total liabilities $12,894,860, shareholders' equity $5,000,009. Net loss from 2 September 2020 (inception) approximately $317,000. Cover: 36,394,500 Class A as of 30 March 2021. Why it matters: Cover and balance sheet reconcile exactly - 1,676,153 + 34,718,347 = 36,394,500 Class A - and equity of $5,000,009 is the $5,000,001 net-tangible-assets plug that sets the redeemable carrying amount in every pre-2021 SPAC balance sheet, not a discrepancy. The going-concern note is written both ways: 'We do not have sufficient liquidity to meet our anticipated obligations over the next year' is immediately followed by the conclusion that sponsor Working Capital Loans fund the company for at least a year from issuance. The conclusion is the one the auditor signed.
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.