ISAA SEC filings, in plain English
Everything Iron Spark I Inc. 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: Iron Spark I Inc. called a completely virtual special meeting for December 19, 2022 at 10:30 a.m. Eastern to amend its charter, moving the date by which it must complete an initial combination forward from June 11, 2023 to December 28, 2022 and setting the redemption price at $10.00, to liquidate and wind up early. The record date is November 25, 2022. It had signed a merger agreement with Hypebeast Limited on April 3, 2022, amended August 12, 2022 and again November 11, 2022, and says it will effect the early liquidation if the board determines no combination can close by December 31, 2022. Why it matters: Fixing the redemption price at a flat $10.00 rather than the pro rata trust amount is unusual and matters: holders receive the IPO deposit price and give up any accrued interest above it, so the accounting favours whoever is left holding the residual. The Hypebeast merger, twice amended across seven months, is being abandoned rather than completed. Winding up before December 31, 2022 also avoids the 1% excise tax on repurchases effective January 1, 2023, which would otherwise reduce proceeds further.
trust account, combination deadline, going-concern doubt +1nothing moved · 4 with no prior record of ours
- Trust account
- $171.8M · unchanged
- Combination deadline
- 2023-06-11 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 16.7M · unchanged
The clause …“September 30, 2022 and December 31, 2021, the Company had $ 169,406,343 and $ 171,811,812 in investments held in the Trust Account, respectively. The assets held in the Trust Account were held in money market funds, which are invested”…
The clause “CONDENSED FINANCIAL STATEMENTS SEPTEMBER 30, 2022 (UNAUDITED) The Company will have until June 11, 2023 to complete a Business Combination (the “Combination Period”). If the Company is unable to complete a Business Combination within the”…
The clause …“liquidation and subsequent dissolution of the Company. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of time within one year after the date that these condensed”…
The clause …“17,870,800 shares issued and 1,190,800 shares outstanding (excluding 16,680,000 shares subject to possible redemption) as of September 30, 2022 and December 31, 2021 119 119 Class B common stock, $ 0.0001 par value;”…
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, combination deadline, going-concern doubt +2nothing moved · 5 with no prior record of ours
- Trust account
- $171.8M · unchanged
- Combination deadline
- 2023-06-11 · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- we intend to target businesses larger than we could acquire …not matched in this filing
- Redeemable shares
- 16.7M · unchanged
The clause …“As of June 30, 2022 and December 31, 2021, the Company had $ 170,225,143 and $ 171,811,812 in investments held in the Trust Account, respectively. The assets held in the Trust Account were held in money market funds, which are invested”…
The clause …“combination. There is no assurance that our plans to consummate our initial business combination will be successful or successful within by June 11, 2023. The accompanying condensed financial statements do not include any adjustments”…
The clause …“liquidation and subsequent dissolution of the Company. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of time within one year after the date that these condensed”…
The clause …“17,870,800 shares issued and 1,190,800 shares outstanding (excluding 16,680,000 shares subject to possible redemption) as of June 30, 2022 and December 31, 2021 119 119 Class B common stock, $ 0.0001 par value; 10,000,000”…
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.
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.