IGNY SEC filings, in plain English
Everything Ignyte 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.
going-concern doubt, sponsor loans outstandingnothing moved · 2 with no prior record of ours
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $379K · unchanged
The clause …“sources of financing will be available. Due to these uncertainties, there is substantial doubt about the Company’s ability to continue as a going concern. The accompanying unaudited condensed consolidated financial statements have been”…
The clause …“ended December 31, 2023. As of September 30, 2024 and December 31, 2023, the outstanding balance on the Promissory Note was $ 378,622 , including principal of $ 350,000 and $ 28,622 in accrued interest. The interest expense on November”…
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: Peak Bio, the post-combination successor to Ignyte Acquisition Corp., issued a joint proxy statement and prospectus for its merger with Akari Therapeutics under an Agreement and Plan of Merger amended by a side letter dated August 15, 2024, with Peak Bio surviving as a wholly owned Akari subsidiary. Each Peak Bio share converts into Akari American Depositary Shares, each ADS representing 2,000 Akari ordinary shares, at an Exchange Ratio. Up to $9.1 million of convertible promissory notes plus accrued interest convert at the effective time. Record date September 24, 2024. Why it matters: IGNY-legacy holders exchange an OTC Pink security with no exchange listing for Nasdaq-listed Akari ADSs, which restores liquidity and listing status — the main practical benefit here. Against that, up to $9.1 million of convertible notes convert into equity at closing, so the Exchange Ratio is being set on a share count that includes the noteholders. An ADS representing 2,000 ordinary shares signals a very low underlying share price at Akari.
sponsor loans outstanding, going-concern doubtnothing moved · 2 with no prior record of ours
- Sponsor loans outstanding
- not previously extracted$379K
- Going-concern doubt
- stated · unchanged
The clause …“year ended December 31, 2023. As of March 31, 2024 and December 31, 2023, the outstanding balance on the Promissory Note was $ 378,622 , including principal of $ 350,000 and $ 28,622 in accrued interest. The interest expense on November”…
The clause …“sources of financing will be available. Due to these uncertainties, there is substantial doubt about the Company’s ability to continue as a going concern. The accompanying unaudited condensed consolidated financial statements have been”…
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.
going-concern doubt, sponsor loans outstandingnothing moved · 2 with no prior record of ours
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $379K · unchanged
The clause …“sources of financing will be available. Due to these uncertainties, there is substantial doubt about the Company’s ability to continue as a going concern. The accompanying unaudited condensed consolidated financial statements have been”…
The clause …“year ended December 31, 2023. As of June 30, 2024 and December 31, 2023, the outstanding balance on the Promissory Note was $ 378,622 , including principal of $ 350,000 and $ 28,622 in accrued interest. The interest expense on November”…
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 2023-06-29mandate language changed
mandate language, sponsor loans outstanding, going-concern doubt1 moved · 2 with no prior record of ours
- Mandate language
- we are focusing our clinical efforts on developing PHP-303 f…we intend to focus our efforts on specific R&D programs, inc…
- Sponsor loans outstanding
- not previously extracted$1.4M
- Going-concern doubt
- stated · unchanged
The clause …“related party (see below). As of December 31, 2023 and 2022, $901,060 and $1,375,000 was outstanding under this loan. In March 2023, we received proceeds from an additional Founder Loans in the amount of $250,000. The loan had the”…
The clause …“market price of our Common Stock. Our management and auditors have expressed substantial doubt about our ability to continue as a going concern. Our auditors’ report to our December 31, 2023 financial statements includes an explanatory”…
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.
going-concern doubtnothing moved · 1 with no prior record of ours
- Going-concern doubt
- stated · unchanged
The clause …“sources of financing would be available. Due to these uncertainties, there is substantial doubt about the Company’s ability to continue as a going concern. The accompanying condensed consolidated financial statements have been prepared”…
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.