ICNC SEC filings, in plain English
Everything Iconic Sports 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 vs 2023-05-19trust $362.5M → $358.7M -1%deadline 2023-07-26 → 2023-08-26shares 34.5M → 13.4M -61%
trust account, combination deadline, redeemable shares +23 moved · 2 with no prior record of ours
- Trust account
- $362.5M$358.7M
- Combination deadline
- 2023-07-262023-08-26
- Redeemable shares
- 34.5M13.4M
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $750K · unchanged
SpacBrain reads this as $3,806,571 left the trust between the two filings.
The clause …“ (Level 1) (Level 2) (Level 3) Assets Cash and marketable securities held in trust account $ 358,731,581 $ — $ — Liabilities Public Warrants $ 2,318,400 $ — $ — Private Placement Warrants $ — $ — $”…
SpacBrain reads this as 31 days later than the previous record.
The clause …“respect to such Public Shares if the Company fails to complete its initial Business Combination by August 26, 2023 or during any Extension Period. With respect to the 5,000,000 Units that the Sponsor purchased in connection with the”…
SpacBrain reads this as 21,129,314 shares are no longer redeemable.
The clause …“500,000,000 shares authorized; 0 shares issued and outstanding (excluding 13,370,686 and 34,500,000 shares subject to possible redemption) — — Class B ordinary shares, $ 0.0001 par value, 50,000,000 shares authorized;”…
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. The Company has until August 26, 2023 or the expiration of an applicable”…
The clause …“Convertible Promissory Note”) to the Sponsor, pursuant to which the Company borrowed $750,000 (the “First Working Capital Loan”) from the Sponsor for general corporate purposes. Such loan may, at the Sponsor’s discretion, be converted”…
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 2022-11-10trust $355.7M → $362.5M +2%deadline 2023-04-26 → 2023-07-26sponsor loan $210K → $750K
trust account, combination deadline, sponsor loans outstanding +23 moved · 2 with no prior record of ours
- Trust account
- $355.7M$362.5M
- Combination deadline
- 2023-04-262023-07-26
- Sponsor loans outstanding
- $210K$750K
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as $6,798,093 was added to the trust between the two filings.
The clause …“ 358,916 741,379 Non-current assets Marketable securities held in Trust Account 362,538,152 358,731,581 Total Non-current Assets 362,538,152 358,731,581 Total Assets $ 362,897,068 $ 359,472,960 ”…
SpacBrain reads this as 91 days later than the previous record.
The clause …“articles of association, in the event that the Company has not consummated a Business Combination by July 26, 2023, without approval of Company’s public shareholders, the Company may, by resolution of the board of the Company, if”…
SpacBrain reads this as the sponsor has advanced $540,145 more.
The clause …“Convertible Promissory Note”) to the Sponsor, pursuant to which the Company borrowed $750,000 (the “First Working Capital Loan”) from the Sponsor for general corporate purposes. Such loan may, at the Sponsor’s discretion, be converted”…
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. The Company has until July 26, 2023 or the expiration of an applicable Extension”…
The clause …“500,000,000 shares authorized; 0 shares issued and outstanding (excluding 34,500,000 shares subject to possible redemption) — — Class B ordinary shares, $ 0.0001 par value, 50,000,000 shares authorized; 8,625,000 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: Iconic Sports Acquisition Corp. called an extraordinary general meeting for April 20, 2023 at 11:00 a.m. Eastern Time at Kirkland & Ellis LLP, to extend the Termination Date from April 26, 2023, initially to July 26, 2023 and then, at the Sponsor's request on five days' notice, monthly until April 26, 2024, a total of up to twelve months. Within ten business days of the meeting the Lender deposits $360,000 into the Trust Account in exchange for a non-interest-bearing unsecured convertible promissory note. A separate proposal would eliminate the net tangible asset redemption limitation. Why it matters: The extension deposits are convertible notes, so the sponsor's advances can become equity in any survivor rather than being repaid in cash — dilution that accumulates with each month. Twelve months of extension authority approved in one vote removes eleven future redemption windows, and eliminating the net tangible asset floor lets the company proceed however deep redemptions run. Iconic Sports ultimately liquidated, so redeeming here was the realizable outcome.
- What changed vs 2022-03-31trust $353.6M → $358.7M +1%
trust account, combination deadline, sponsor loans outstanding +21 moved · 4 with no prior record of ours
- Trust account
- $353.6M$358.7M
- Combination deadline
- not previously extracted2023-04-26
- Sponsor loans outstanding
- not previously extracted$750K
- Going-concern doubt
- stated · unchanged
- Mandate language
- we intend to focus our search on iconic businesses, includin… · unchanged
SpacBrain reads this as $5,100,689 was added to the trust between the two filings.
The clause …“in operating assets. As of December 31, 2022, we had marketable securities held in the trust account of $358,731,581 (including $1,898,709 of unrealized gains and $3,201,980 of dividend income) consisting of securities held in a”…
The clause …“respect to such Public Shares if the Company fails to complete its initial Business Combination by April 26, 2023 or during any Extension Period. The Sponsor has agreed that it will be liable to the Company if and to the extent any”…
The clause “Convertible Promissory Note”) to the sponsor, pursuant to which the Company may borrow $750,000 (the “Working Capital Loan”) from the sponsor for general corporate purposes. Such loan may, at the sponsor’s discretion, be converted into”…
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern.” As of December 31, 2022, we had $599,286 of cash and a working capital deficit of”…
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 2022-08-12trust $354.1M → $355.7M +0%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $354.1M$355.7M
- Combination deadline
- 2023-04-26 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $210K · unchanged
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as $1,606,817 was added to the trust between the two filings.
The clause …“ 335,259 1,387,522 Non-current assets Marketable securities held in Trust Account 355,740,059 353,630,892 Prepaid expenses – non-current — 142,093 Total Non-current Assets 355,740,059 353,772,985”…
The clause …“respect to such Public Shares if the Company fails to complete its initial Business Combination by April 26, 2023 or during any Extension Period. 6 Table of Contents The Sponsor has agreed that it will be liable to the Company if and”…
The clause …“and/or search for a target company. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern through April 26, 2023, which is within one year from the date this financial”…
The clause …“31, 2021 or the completion of the Initial Public Offering. The Company had borrowed $ 209,855 under the Promissory Note and repaid the outstanding amount in full on October 26, 2021. As of September 30, 2022 and December 31, 2021,”…
The clause …“500,000,000 shares authorized; 0 shares issued and outstanding (excluding 34,500,000 shares subject to possible redemption) — — Class B ordinary shares, $ 0.0001 par value, 50,000,000 shares authorized; 8,625,000 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 2022-05-16trust $353.7M → $354.1M +0%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $353.7M$354.1M
- Combination deadline
- 2023-04-26 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $210K · unchanged
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as $468,729 was added to the trust between the two filings.
The clause …“ 688,319 1,387,522 Non-current assets Marketable securities held in Trust Account 354,133,242 353,630,892 Prepaid expenses – non-current — 142,093 Total Non-current Assets 354,133,242 353,772,985”…
The clause …“respect to such Public Shares if the Company fails to complete its initial Business Combination by April 26, 2023 or during any Extension Period. 6 Table of Contents The Sponsor has agreed that it will be liable to the Company if and”…
The clause …“and/or search for a target company. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern through April 26, 2023, which is within one year from the date this financial”…
The clause …“31, 2021 or the completion of the Initial Public Offering. The Company had borrowed $ 209,855 under the Promissory Note and repaid the outstanding amount in full on October 26, 2021. As of June 30, 2022 and December 31, 2021, there”…
The clause …“500,000,000 shares authorized; 0 shares issued and outstanding (excluding 34,500,000 shares subject to possible redemption) — — Class B ordinary shares, $ 0.0001 par value, 50,000,000 shares authorized; 8,625,000 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 2021-12-10sponsor loan $151K → $210K
sponsor loans outstanding, trust account, combination deadline +31 moved · 5 with no prior record of ours
- Sponsor loans outstanding
- $151K$210K
- Trust account
- not previously extracted$353.7M
- Combination deadline
- not previously extracted2023-04-26
- Redeemable shares
- not previously extracted34.5M
- Going-concern doubt
- stated · unchanged
- Mandate language
- we intend to focus our search on iconic businesses, includin…not matched in this filing
SpacBrain reads this as the sponsor has advanced $58,405 more.
The clause …“31, 2021 or the completion of the Initial Public Offering. The Company had borrowed $ 209,855 under the Promissory Note and repaid the outstanding amount in full on October 26, 2021. As of March 31, 2022 and December 31, 2021, there”…
The clause …“ 1,197,608 1,387,522 Non-current assets Marketable securities held in Trust Account 353,664,513 353,630,892 Prepaid expenses – non-current 26,175 142,093 Total Non-current Assets 353,690,688 ”…
The clause …“respect to such Public Shares if the Company fails to complete its initial Business Combination by April 26, 2023 or during any Extension Period. 6 Table of Contents The Sponsor has agreed that it will be liable to the Company if and”…
The clause …“500,000,000 shares authorized; 0 shares issued and outstanding (excluding 34,500,000 shares subject to possible redemption) — — Class B ordinary shares, $ 0.0001 par value, 50,000,000 shares authorized; 8,625,000 shares issued”…
The clause …“and/or search for a target company. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern one year from the date this financial statement is issued. The financial”…
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.