Social Capital Hedosophia Holdings Corp. VI
IPOF · NYSE
NO ACTION REQUIRED
Nothing left to do
The cash went back to shareholders and the company wound up. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
In plain terms
- What it is
- A SPAC from SCH Sponsor VI LLC, listed on NYSE in October 2020.
- What it's doing now
- It never completed a purchase. The company wound up and the cash in the account went back to shareholders — the ordinary ending when a SPAC runs out of time. No agreed deal for it is on file with us, so we cannot say whether one was ever announced and later fell through.
- What you should know
- This SPAC has finished. The cash was paid back to shareholders and the company wound up, so there is nothing left to claim — the money went where the charter said it would.
At a glance
- Where it stands
- Liquidated
- Deal
- none — it wound up and returned the cash instead
- Industry
- no filing we hold states a sector this SPAC restricted its search to
- Deal value
- no deal to value — it wound up instead
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 13 October 2020
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 506 SANTA CRUZ AVENUE, SUITE 300, MENLO PARK, CA, 94025
- registered in the Cayman Islands
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Palihapitiya Chamath (CEO & Chairman of the Board) · Ryans James (Chief Financial Officer) · Rao Varsha Rajendra (Director)
- Listed securities
- IPOF common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 13 October 2020IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsIPOF is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 295 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
Social Capital Hedosophia Holdings Corp. VI was a blank-check company whose common shares traded on the New York Stock Exchange under the ticker IPOF. The company priced its initial public offering on October 13, 2020, as reflected in 424B prospectus 0001104659-20-114518, and was registered with the SEC under CIK 0001818873 and SIC industry code 6770. The common ticker IPOF appears on the cover page of 8-K 0001104659-22-101951, filed September 21, 2022. The company subsequently liquidated, winding up and returning trust cash to shareholders, with the redemption of its Units and Class A Ordinary Shares established by Form 25 0000876661-22-000849 filed on October 17, 2022.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
The auditor's report on this $1.15 billion trust carries an explanatory paragraph expressing substantial doubt about the company's ability to continue as a going concern - driven entirely by money outside the trust, $366,309 of cash and $1,048,891 of working capital, which the trust may not legally fund. Share counts reconcile (4,420,017 + 110,579,983 = 115,000,000) and the deferred fee is exactly $0.35 a unit. The 14 October 2022 date is the charter deadline as printed, extendable only by charter amendment; it was not written to any deadline column.
The private placement warrants cost the sponsor $2.00 apiece, double the $1.00 most of this cohort pays and a third more than the $1.50 the larger deals use - so the sponsor's at-risk capital per warrant, which is what is lost if no deal closes, is materially higher than the tier's default. Amending the public warrants requires 65% of them for anything other than the enumerated exceptions. A quarter-warrant unit needs four units to make one exercisable warrant.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
Show the other 10 filings
- What changed vs 2022-05-06trust $1.15B → $1.15B +0%sponsor loan $1.0M → $1.3M
trust account, sponsor loans outstanding, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $1.15B$1.15B
- Sponsor loans outstanding
- $1.0M$1.3M
- Combination deadline
- 2022-10-14 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 115.0M · unchanged
SpacBrain reads this as $1,460,846 was added to the trust between the two filings.
The clause “34,433 Total current assets 215,555 471,731 Marketable securities held in Trust Account 1,151,702,972 1,150,139,597 Total Assets $ 1,151,918,527 $ 1,150,611,328 LIABILITIES, TEMPORARY EQUITY AND”…
SpacBrain reads this as the sponsor has advanced $250,000 more.
The clause …“the effective date of a Business Combination. As of June 30, 2022, there was $ 1,262,500 outstanding under the Promissory Note. The Company may need to raise additional capital through loans or additional investments from its Sponsor,”…
The clause …“It is uncertain whether or not the Company will be able to consummate a Business Combination by October 14, 2022. If a Business Combination is not consummated by this date and such date is not extended pursuant to the Company’s”…
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 for a reasonable period of time, which is considered to be one year from the”…
The clause …“500,000,000 shares authorized, 0 shares issued and outstanding (excluding 115,000,000 shares subject to possible redemption) at June 30, 2022 and December 31, 2021 — — Class B ordinary shares, $ 0.0001 par value; 50,000,000”…
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 2021-11-19trust $1.15B → $1.15B +0%sponsor loan $663K → $1.0M
trust account, sponsor loans outstanding, redeemable shares +32 moved · 4 with no prior record of ours
- Trust account
- $1.15B$1.15B
- Sponsor loans outstanding
- $663K$1.0M
- Redeemable shares
- not previously extracted115.0M
- Combination deadline
- 2022-10-14 · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus on businesses operating in the …not matched in this filing
SpacBrain reads this as $131,521 was added to the trust between the two filings.
The clause “34,433 Total current assets 379,262 471,731 Marketable securities held in Trust Account 1,150,242,126 1,150,139,597 Total Assets $ 1,150,621,388 $ 1,150,611,328 LIABILITIES, TEMPORARY EQUITY AND”…
SpacBrain reads this as the sponsor has advanced $350,000 more.
The clause …“the effective date of a Business Combination. As of March 31, 2022, there was $ 1,012,500 outstanding under the Promissory Note. The Company may need to raise additional capital through loans or additional investments from its Sponsor,”…
The clause …“500,000,000 shares authorized, 0 shares issued and outstanding (excluding 115,000,000 shares subject to possible redemption) at March 31, 2022 and December 31, 2021 — — Class B ordinary shares, $ 0.0001 par value; 50,000,000”…
The clause …“Association. It is uncertain whether the Company will be able to consummate a Business Combination by October 14, 2022. If a Business Combination is not consummated by this date and such date is not extended pursuant to the Company’s”…
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 for a reasonable period of time, which is considered to be one year from 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.
- What changed vs 2021-03-30trust $1.15B → $1.15B +0%sponsor loan $500K → $813Kmandate language changedshares 110.6M → 115.0M +4%
trust account, sponsor loans outstanding, mandate language +34 moved · 2 with no prior record of ours
- Trust account
- $1.15B$1.15B
- Sponsor loans outstanding
- $500K$813K
- Mandate language
- we intend to focus our search for a target business operatin…focus its search for a target business operating in the tech…
- Redeemable shares
- 110.6M115.0M
- Combination deadline
- 2022-10-14 · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $115,019 was added to the trust between the two filings.
The clause “582 of cash from operating activities. At December 31, 2021, we had investments held in the Trust Account of $1,150,139,597 (including approximately $140,000 of interest income) consisting of money market funds which are invested in U.S.”…
SpacBrain reads this as the sponsor has advanced $312,500 more.
The clause …“effective date of a Business Combination. As of December 31, 2021, there was $812,500 outstanding under the Promissory Note. In order to fund working capital deficiencies or finance transaction costs in connection with a Business”…
SpacBrain reads this as 4,420,017 more shares carry a redemption right.
The clause …“500,000,000 shares authorized, 0 shares issued and outstanding (excluding 115,000,000 shares subject to possible redemption) — — Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares authorized; 28,750,000 shares”…
The clause …“a Business Combination. However, if the Company has not completed a Business Combination by October 14, 2022 (as such period may be extended pursuant to the Company’s Amended and Restated Memorandum and Articles of”…
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, 2021, we had $37,298 in our operating bank accounts and a working”…
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 $1.15B → $1.15B +0%sponsor loan $500K → $663K
trust account, sponsor loans outstanding, combination deadline +32 moved · 4 with no prior record of ours
- Trust account
- $1.15B$1.15B
- Sponsor loans outstanding
- $500K$663K
- Combination deadline
- 2022-10-14 · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus on businesses operating in the … · unchanged
- Redeemable shares
- 102.1Mnot matched in this filing
SpacBrain reads this as $28,992 was added to the trust between the two filings.
The clause “76,165 Total Current Assets 636,798 1,242,474 Marketable securities held in Trust Account 1,150,110,605 1,150,024,578 Total Assets $ 1,150,747,403 $ 1,151,267,052 LIABILITIES, TEMPORARY EQUITY AND”…
SpacBrain reads this as the sponsor has advanced $162,500 more.
The clause …“effective date of a Business Combination. As of September 30, 2021, there was $ 662,500 outstanding under the Promissory Note. The Company may need to raise additional capital through loans or additional investments from its Sponsor,”…
The clause …“a Business Combination. However, if the Company has not completed a Business Combination by October 14, 2022 (as such period may be extended pursuant to the Company’s Amended and Restated Memorandum and Articles of”…
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 for a reasonable period of time, which is considered to be one year from 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.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
SCH Sponsor VI LLCnamed as sponsor in this SPAC’s filings — but with no researched track record behind it yet.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1280 tracked SPACs (24%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
Unit: U = S + W/4 · 100.0% of the $10 unit
from 424B4 0001104659-20-114518
Trading & liquidity
Company profile
Directors & officers
- Palihapitiya ChamathCEO & Chairman of the Board
- Ryans JamesChief Financial Officer
- Rao Varsha RajendraDirector
- Leary SarahDirector
- Osborne IanDirector
- Trieu StevenChief Financial Officer
- Williams Simon P.V.General Counsel and Secretary
- Costolo RichardDirector
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
4 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- SCH Sponsor VI LLCwith 2 other reporting persons on the same schedule20.0% · SC 13GFeb 16, 2021 stale
- ADAR1 Partners, LPwith 3 other reporting persons on the same schedule6.7% · SC 13GSep 30, 2022 stale
- Empyrean Capital Partners, LPwith 2 other reporting persons on the same schedule5.4% · SC 13GDec 18, 2020 stale
- INTEGRATED CORE STRATEGIES (US) LLCwith 4 other reporting persons on the same schedule4.6% · SC 13G/AFeb 1, 2021 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
38 full SEC filing texts archived — searchable, never lost.
- Vault note — IPOF (Social Capital Hedosophia Holdings Corp. VI)
vault-note · /vault/tickers/IPOF
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
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.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
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.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
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.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail2 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from the HISTORICAL census (EDGAR's SIC 6770 registrant list, walked in full: 3,325 registrants, 1,167 of which ever priced an IPO). The live discovery job cannot reach this registrant — it reads the filing tape, and this one stopped filing. Admission rule: src/lib/universe-admit.ts. SIC 6770 (Blank Checks); 424B 0001104659-20-114518 priced 2020-10-13; common ticker IPOF off 8-K 0001104659-22-101951 (2022-09-21); lifecycle EXITED. Ending PROVEN, not inferred: LIQUIDATED per Form 25 0000876661-22-000849 (2022-10-17) — Form 25 filed under 17 CFR 240.12d2-2(a)(1) — the rule for a class "called for redemption" or "redeemed or paid at maturity/retirement". For a SPAC that class is the public shares and that redemption is the trust going back (class: Units and Class A Ordinary Shares). No wind-up press release was readable on the registrant's own file, so the per-share figure is not stored.. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
sponsor "SCH Sponsor VI LLC" sourced from prospectus definition (10-K/A) acc 0001104659-21-084218.