InterPrivate Acquisition Corp.
IPV · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The purchase completed and the shares became shares in the company it bought. 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 deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
In plain terms
- What it is
- A SPAC, listed on Nasdaq in February 2020.
- What it's doing now
- It agreed to buy Aeva Technologies, Inc., a 4D LiDAR-on-chip for autonomous driving company. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
- What you should know
- This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.
At a glance
- Where it stands
- Closed (deSPAC)
- The business it bought
- Aeva Technologies, Inc. — Technologies, Inc.
- Industry
- Information Technology — 4D LiDAR-on-chip for autonomous driving
- Deal value
- not stated in the filings we hold
- 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
- 5 February 2020
- size not on file
- Headquarters
- 555 ELLIS STREET, MOUNTAIN VIEW, CA, 94043
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- MOTLAGH KATHERINE (Director) · Sinha Saurabh (Chief Financial Officer) · Dardashti Soroush Salehian (Chief Executive Officer)
- Listed securities
- IPV 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 deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
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.
- 5 February 2020IPOpassed
IPO size not on file
The deal
terms as filedWhat it is buying, on what terms, and how much of the combined company new shares take from you.
- closedInformation Technology
What Aeva Technologies, Inc. does — read from aeva.com on 26 August 2026
Aeva is a company providing next-generation sensing and perception systems using unique FMCW technology for 4D LiDAR applications in automotive, industrial, and defense sectors.
AutomotiveIndustrialDefenseRoboticsDeal structureSEC-primary — BCA 8-K / S-4 / DEFM14A- PIPE
- ≈ $120M · unsourced
- Break fee
- $68M
PIPE terms — instrument, coupon, conversion price and any reset floor — are not sourced for this deal. The size above is itself unsourced — a stored figure no filing we hold states — so neither the size nor the terms should be read as cited.
stated in:0001213900-20-040791
The score
deterministic, from filed fieldsIPV 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
InterPrivate Acquisition Corp. was a blank-check company whose common stock traded on the New York Stock Exchange under the ticker IPV and whose SEC filings are recorded under CIK 0001789029. The company priced its initial public offering on February 5, 2020, under SEC file number 333-235849, with the 424B prospectus (accession 0001213900-20-002614) describing itself as a blank-check company and registering shares sold for cash under S-1 0001213900-20-000502. Its SEC SIC industry code was 3714, classified under Motor Vehicle Parts & Accessories. The ticker IPV appears on the cover page of the company's 10-K filed March 11, 2021 (accession 0001213900-21-014857). The vehicle completed a business combination and no longer files, with the change in shell company status established by an 8-K filed March 18, 2021 (accession 0001193125-21-085979) reporting Item 5.06. EDGAR now files CIK 0001789029 under the name Aeva Technologies, Inc.
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 warrant revaluation of $44.7 million is larger than the entire operating loss, and warrant liabilities of $74.0 million are now a third of total assets against $27.5 million of equity — a small move in the share price swings the reported result more than the business does. Product revenue fell 39% while service revenue nearly tripled, so the gross margin improvement is a mix change, not a hardware one.
The hyperscaler agreement is a joint development agreement with deployment targeted for 2027 and production for 2028, not revenue today; quarterly revenue remains $6.1 million against a $34.6 million operating loss. The GAAP per-share loss narrowed largely on a much larger share count.
A 7.0% dividend payable in kind at the issuer's option, on preferred carrying a 120% liquidation preference, compounds ahead of the common without ever requiring cash — the structure preserves liquidity today at the cost of a growing senior claim. The pay-versus-performance table shows the backdrop: for 2024 compensation actually paid to the CEO was $4,373,443 against a $1,513,000 summary table total, the value of an initial fixed $100 investment stood at $12.57, and the net loss was $152 million after $149 million in 2023.
A single investor also holds a board seat by contract: under the September 27, 2022 Sylebra Letter Agreement, Mr. Eberle was appointed a Class III director with a term expiring at this 2024 annual meeting, and Sylebra and its associates agreed to standstill restrictions in exchange. For 2023 the chief executive's summary compensation total was $7,613,310 with $4,893,052 actually paid, an initial fixed $100 investment was worth $5.21, and the net loss was $149 million.
Three amendments in, the economics have not moved, so what remains open for an InterPrivate holder is the closing conditions and the redemption election rather than the price. The expected issuance still rests on Aeva's share, option and award counts as of December 31, 2020. Because the aggregate exercise price of the options is added to the $1.7 billion before dividing by $10.00, the share count rises with what option holders would have to pay in, not only with the equity value ascribed to Aeva.
The exchange ratio did not move, so the extra 2,955,365 shares come entirely from a larger target share base at the later measurement date — the registration is being topped up to track Aeva's share and award count rather than to change the deal. The two tranches are priced very differently for fee purposes: the initial shares at $10.575, the average of the high and low on November 25, 2020, and the additional shares at $15.06, the average on January 29, 2021. An additional fee of $4,855.80 is paid on top of the $196,875.06 already paid.
Show 2 more material filings
Adding the option exercise price into the numerator before dividing means Aeva's option holders are paid for their strike as well as their spread, so the share count grows with the amount option holders would have had to pay in. On Aeva's share, option and restricted stock unit counts at the end of 2020, the filing expects approximately 151,307,387 InterPrivate shares to be issued. The document is a combined proxy statement, prospectus and consent solicitation statement, so Aeva's stockholders act separately from InterPrivate's meeting.
The exchange ratio of 9.0964856 is what turns a small target share count into a very large issuance: Aeva had 16,660,760 common shares outstanding as of November 30, 2020 or expected to be issued before the combination — a figure that already includes 8,606,780 preferred shares converting immediately beforehand — plus 2,107,515 shares issuable under options and restricted stock units. For fee purposes the shares are priced at $10.575, the average of the high and low trading prices of InterPrivate common stock on November 25, 2020.
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: The 10-Q filed under Commission file number 001-39204 is that of Aeva Technologies, Inc. (Nasdaq: AEVA) for the quarter ended June 30, 2026, with 69,705,758 shares outstanding as of July 30, 2026. Total revenues were $6,136 thousand against $5,511 thousand a year earlier — product revenue fell to $2,546 thousand from $4,203 thousand while professional service revenue rose to $3,590 thousand from $1,308 thousand — and gross profit turned positive at $2,189 thousand from a $2,720 thousand loss. Why it matters: The warrant revaluation of $44.7 million is larger than the entire operating loss, and warrant liabilities of $74.0 million are now a third of total assets against $27.5 million of equity — a small move in the share price swings the reported result more than the business does. Product revenue fell 39% while service revenue nearly tripled, so the gross margin improvement is a mix change, not a hardware one.
What changed: Exhibit 99.1 to an 8-K of Aeva Technologies, Inc. (Nasdaq: AEVA): the August 5, 2026 press release reporting Q2 2026 results. Revenue was $6.1 million against $5.5 million a year earlier. GAAP operating loss was $34.6 million versus $34.9 million and non-GAAP operating loss $26.0 million versus $25.1 million; GAAP net loss per share was $1.23 versus $3.49 and non-GAAP net loss per share $0.41 versus $0.44 on 64.7 million weighted average shares. Total available liquidity was $302.9 million at June 30, 2026, consisting of $177.9 million of cash, equivalents and marketable securities and a $125. Why it matters: The hyperscaler agreement is a joint development agreement with deployment targeted for 2027 and production for 2028, not revenue today; quarterly revenue remains $6.1 million against a $34.6 million operating loss. The GAAP per-share loss narrowed largely on a much larger share count.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
No sponsor entity is named in the filings parsed for this SPAC so far.
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
from 424B3 0001193125-24-021073
Trading & liquidity
Company profile
Directors & officers
- MOTLAGH KATHERINEDirector
- Sinha SaurabhChief Financial Officer
- Dardashti Soroush SalehianChief Executive Officer
- Rezk MinaChief Technology Officer
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
10 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.
- Rezk Mina23.5% · SC 13DMar 22, 2021 stale
- Sylebra Capital Ltdwith 2 other reporting persons on the same schedule19.9% · SC 13D/ANov 13, 2023 stale
- Dardashti Soroush Salehian12.6% · SC 13DMar 22, 2021 stale
- Canaan XI L.P.with 1 other reporting person on the same schedule8.6% · SC 13D/ADec 20, 2021 stale
- Lux Venture Partners IV, LLCwith 5 other reporting persons on the same schedule7.6% · SC 13D/AAug 15, 2022 stale
- ADAGE CAPITAL PARTNERS GP, L.L.C.with 2 other reporting persons on the same schedule6.2% · SC 13G/AFeb 7, 2024 stale
- VANGUARD GROUP INC3.6% · SC 13G/AFeb 13, 2024 stale
- InterPrivate Acquisition Management LLCwith 1 other reporting person on the same schedule2.8% · SC 13G/AFeb 14, 2022 stale
- INTEGRATED CORE STRATEGIES (US) LLCwith 4 other reporting persons on the same schedule1.1% · SC 13G/AFeb 9, 2021 stale
- Alyeska Investment Group, L.P.with 2 other reporting persons on the same schedule0.0% · SC 13G/AFeb 14, 2022 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.
News
company wires and the financial pressReporting we have matched to this ticker. Headlines belong to the outlets that wrote them.
Show the headlines
- Aeva and InterPrivate Acquisition Corp. Announce Closing ...
Nasdaqundated by the source
- Lidar startup Aeva raises another $200M ahead of its debut ...
TechCrunchundated by the source
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
34 full SEC filing texts archived — searchable, never lost.
- Vault note — IPV (InterPrivate Acquisition Corp.)
vault-note · /vault/tickers/IPV
- Vault deal note — Aeva Technologies, Inc. (IPV)
vault-note · /vault/deals/aeva-technologies-inc
- Aeva - 2026 Funding Rounds & List of Investors - Tracxn
news · tracxn.com
- Ihre Datenschutzeinstellungen
news · consent.yahoo.com
- Aeva - Wikipedia
news · en.wikipedia.org
- Aeva – 4DLiDAR for Autonomous Navigation
company-site · aeva.com
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 trail4 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 EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 3714 (Motor Vehicle Parts & Accessories). The screen found it by filing SHAPE instead — S-1 2020-01-08 → 8-A12B 2020-01-29 → 424B4 2020-02-05 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 3714 + self-described blank check in 424B4 0001213900-20-002614; 424B 0001213900-20-002614 priced 2020-02-05 under S-1 0001213900-20-000502 (file 333-235849, an offering for cash); common ticker IPV off 10-K 0001213900-21-014857 (2021-03-11); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-235849, which belongs to S-1 0001213900-20-000502 (2020-01-08) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2020-02-05). Ending PROVEN, not inferred: CLOSED per 8-K 0001193125-21-085979 (2021-03-18) — 8-K item 5.06 "Change in Shell Company Status" (EDGAR item index, items: 1.01,2.01,3.02,3.03,5.01,5.02,5.03,5.06,9.01). EDGAR now files this CIK as "Aeva Technologies, Inc." — the SPAC's own name is kept here and the successor is the target. 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.
[CLOSED-RENAME] EDGAR CIK 0001789029 records "InterPrivate Acquisition Corp." ending 2021-03-15; the registrant continues as "Aeva Technologies, Inc.". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2021-03-15. No deal value is set — a rename says what was acquired, never for how much. No date column is set: Deal has announcedAt, voteDate and expectedCloseAt and nowhere to record an actual close, so the SEC's date is kept here until that column exists. [DEAL-STRUCTURE-MINED] pipeSizeM=120, terminationFeeM=68 from primary filings (0001213900-20-040791).
pipeBasis set to UNSOURCED: the size came from the research seed / an earlier record and no filing we hold states it — surfaces now label it "unsourced"; an LLM re-read to FILED replaces this when credits allow
OTHER -> AI, on S-4/A 0001213900-21-007911: "Aeva began operations in 2017 and is a provider of comprehensive perception solutions for automated driving applications."