ITAC SEC filings, in plain English
Everything Industrial Tech Acquisitions, Inc. has filed with the SEC that we hold — 40 filings, newest first, 2 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
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What changed: Industrial Tech Acquisitions, Inc. issued definitive merger materials — also a prospectus for up to 9,680,736 Arbe Ordinary Shares, 10,938,976 warrants and the 10,938,976 ordinary shares issuable on their exercise — under the Business Combination Agreement dated March 18, 2021 with Arbe Robotics Ltd., an Israeli company, and Autobot MergerSub, Inc. Merger Sub merges into ITAC, which survives as a wholly owned subsidiary of Arbe, and ITAC's Class A and Class B holders receive an equal number of Arbe Ordinary Shares. Why it matters: ITAC's holders move to an Israeli issuer one-for-one, and their warrants become Arbe Warrants at the same exercise price and for the same exercise period, so nothing about the SPAC's own securities is repriced. What changes underneath them is Arbe's own capital: immediately before the effective time Arbe recapitalises, forcing exercise of its outstanding warrants other than the Continuing Warrants — those not required by their terms to be exercised and not voluntarily exercised — and converting each outstanding Arbe Preferred Share into ordinary shares.
pipe, outside datenothing moved · 2 with no prior record of ours
- PIPE
- no earlier filing$3.4M
- Outside date
- no earlier filing2021-08-31
The clause …“include Texas Ventures, an affiliate of the Company, which subscribed for $3,400,000 in the PIPE financing. E. Scott Crist, who is chief executive officer and a director of the Company and the managing member of the Sponsor, is a”…
SpacBrain reads this as the agreement may be terminated from 2021-08-31.
The clause …“to the Closing set forth in Article VI have not been satisfied or waived by August 31, 2021 (the “ Outside Date ”); provided, however, that the right to terminate this Agreement under this Section 7.1(a) shall not be available to a”…
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: Industrial Tech Acquisitions, Inc. filed a preliminary proxy statement and prospectus for a special meeting on the Business Combination Agreement dated March 18, 2021 with Arbe Robotics Ltd., an Israeli company, and Autobot MergerSub, Inc. Merger Sub merges into ITAC, which survives as a wholly owned subsidiary of Arbe; ITAC's Class A and Class B holders receive an equal number of Arbe Ordinary Shares and ITAC warrant holders receive Arbe Warrants on the same terms. The prospectus covers up to 9,680,736 ordinary shares, 10,938,976 warrants and the 10,938,976 shares underlying them. Why it matters: The exchange is one-for-one in both stock and warrants, so an ITAC holder's instrument count does not change — what changes is the issuer, which becomes an Israeli company. The fee table prices the pieces separately: $10.125 per ordinary share, $1.105 per warrant, $11.00 per unit and $11.50 per share issuable on warrant exercise, for $237,914,858.40 in aggregate. Before the effective time Arbe recapitalises, requiring its own outstanding warrants to be exercised except for Continuing Warrants not required by their terms and not voluntarily exercised.
- What changed vs 2021-06-04trust $77.0M → $77.0M +0%
trust account, combination deadline, sponsor loans outstanding +11 moved · 3 with no prior record of ours
- Trust account
- $77.0M$77.0M
- Combination deadline
- not previously extracted2021-10-31
- Sponsor loans outstanding
- $100K · unchanged
- Redeemable shares
- 7.62M · unchanged
SpacBrain reads this as $2,794 was added to the trust between the two filings.
The clause …“60,123 110,466 Total current assets 165,805 516,847 Marketable securities held in Trust Account 77,007,185 77,000,788 Total Assets $ 77,172,990 $ 77,517,635 Liabilities and Stockholders’ Equity Accounts payable $ 46,402 $ 109,432”…
The clause …“by which their business combination must be completed from August 31, 2021 to October 31, 2021. 17 Note 8 — Stockholders’ Equity Preferred Stock — The Company is authorized to issue a total of 1,000,000 preferred shares at par value of”…
The clause …“to $250,000. As of the date of this Quarterly Report on Form 10-Q, there is $100,000 outstanding under the Promissory Note. Further, the Sponsor confirmed and agreed that that the Promissory Note would only be repaid in the event that”…
The clause …“authorized; 151,236 and 2,195,955 shares issued and outstanding (excluding 7,623,600 and 5,578,881 shares subject to possible redemption), respectively 15 220 Class B common stock, $ 0.0001 par value; 20,000,000 shares authorized;”…
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 2020-11-16trust $75.8M → $77.0M +2%shares 6.81M → 7.62M +12%
trust account, redeemable shares, sponsor loans outstanding2 moved · 1 with no prior record of ours
- Trust account
- $75.8M$77.0M
- Redeemable shares
- 6.81M7.62M
- Sponsor loans outstanding
- not previously extracted$100K
SpacBrain reads this as $1,253,457 was added to the trust between the two filings.
The clause …“114,514 110,466 Total current assets 313,444 516,847 Marketable securities held in Trust Account 77,004,391 77,000,788 Total Assets $ 77,317,835 $ 77,517,635 Liabilities and Stockholders’ Equity Accounts payable $ 6,209 $ 109,432 Due”…
SpacBrain reads this as 813,878 more shares carry a redemption right.
The clause …“authorized; 151,236 and 2,195,955 shares issued and outstanding (excluding 7,623,600 and 5,578,881 shares subject to possible redemption), respectively 15 220 Class B common stock, $0.0001 par value; 20,000,000 shares authorized;”…
The clause …“would be identical to the Private Placement Warrants. As of June 3, 2021, the outstanding balance under the convertible promissory note was $100,000. Related Party Extension Loans The Company will have until 15 months from the closing”…
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.