HMAC SEC filings, in plain English
Everything Hainan Manaslu 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.
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What changed: Hainan Manaslu Acquisition Corp.'s proxy and prospectus for its combination with Able View covers up to 10,086,500 ordinary shares, 7,241,500 warrants and 7,241,500 shares issuable on exercise, under an agreement dated November 21, 2022. As of March 31, 2023 the Trust Account held approximately $71.6 million, about $10.37 per share available for redemption. The Exchange Consideration is US$400,000,000, paid entirely in Pubco Ordinary Shares valued by reference to the redemption price. The Company may extend to February 14, 2024 by depositing $227,700 per one-month extension. Why it matters: Valuing the seller's consideration shares at the redemption price means Able View receives more shares as redemptions rise, so heavy redemption dilutes the holders who stay rather than protecting them. A US$400,000,000 valuation against a $71.6 million trust leaves HMAC public holders a small minority even with no redemptions. The $10.37 per-share redemption right is the certain alternative, and the $227,700 monthly extension deposits are a meaningful ongoing cost.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- no earlier filing2023-05-21
SpacBrain reads this as the agreement may be terminated from 2023-05-21.
The clause …“to the Closing set forth in Article IX have not been satisfied or waived by May 21, 2023 (the “ Outside Date ”); provided , however , that the right to terminate this Agreement under this Section 10.1(b) shall not be available to a”…
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 2022-11-14trust $70.2M → $71.6M +2%deadline 2023-05-14 → 2023-06-14
trust account, combination deadline, going-concern doubt +22 moved · 3 with no prior record of ours
- Trust account
- $70.2M$71.6M
- Combination deadline
- 2023-05-142023-06-14
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus on industries that complement t… · unchanged
- Redeemable shares
- 6.90M · unchanged
SpacBrain reads this as $1,360,010 was added to the trust between the two filings.
The clause “Prepaid expense 119,867 95,892 Total current assets 129,061 187,672 Investments held in trust account 71,587,428 70,830,102 TOTAL ASSETS $ 71,716,489 $ 71,017,774 LIABILITIES, TEMPORARY EQUITY AND SHAREHOLDERS’ DEFICIT Current”…
SpacBrain reads this as 31 days later than the previous record.
The clause …“doubt about the Company’s ability to continue as a going concern if a Business Combination is not consummated by June 14, 2023 or February 14, 2024 if the Company elect to extend the period of time to consummate a Business”…
The clause …“to it on commercially acceptable terms, if at all. These conditions raise substantial doubt about the Company’s ability to continue as a going concern if a Business Combination is not consummated by June 14, 2023 (unless further”…
The clause …“issued and outstanding as of March 31, 2023 and December 31, 2022 (excluding 6,900,000 shares subject to possible redemption) 207 207 Accumulated deficit ( 2,287,582 ) ( 2,091,821 ) Total shareholders’ deficit ( 2,287,375 ) ( 2,091,614”…
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 shares, combination deadline +2nothing moved · 5 with no prior record of ours
- Trust account
- not previously extracted$70.2M
- Redeemable shares
- not previously extracted6.90M
- Combination deadline
- 2023-05-14 · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus on industries that complement t… · unchanged
The clause …“assets 276,427 50,090 Deferred offering costs - 160,000 Cash and investments held in trust account 70,227,418 - TOTAL ASSETS $ 70,503,845 $ 210,090 LIABILITIES, TEMPORARY EQUITY AND SHAREHOLDERS’ DEFICIT Current liabilities: Accrued”…
The clause “2,066,500 and 1,725,000 shares issued and outstanding, respectively (excluding 6,900,000 and 0 shares subject to possible redemption) 207 173 Additional paid-in capital - 24,827 Accumulated deficit ( 1,971,783 ) ( 42,618 ) Total”…
The clause …“doubt about the Company’s ability to continue as a going concern if a Business Combination is not consummated by May 14, 2023 (unless further extended). These unaudited condensed consolidated financial statements do not include”…
The clause …“to it on commercially acceptable terms, if at all. These conditions raise substantial doubt about the Company’s ability to continue as a going concern if a Business Combination is not consummated by May 14, 2023 (unless further”…
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.