Industrial Tech Acquisitions II, Inc.
ITAQ · Nasdaq
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 Industrial Tech Acquisitions, Inc. / Industrial Tech Acquisitions II, Inc. / Texas Ventures Acquisition III Corp (Viswanathan Aruna), listed on Nasdaq in January 2022.
- 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
- Nearly all the original shareholders have already taken their money back — 1.3M shares are left of the 17.3M sold at listing. 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 January 2022
- size not on file · 102.0% of each $10 unit into trust
- Headquarters
- 5090 RICHMOND AVE, SUITE 319, HOUSTON, TX, 77056
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- CRIST EUGENE SCOTT (Chief Executive Officer) · SMITH R GREG (Chief Financial Officer) · Moore Harvin C. IV (Director)
- Listed securities
- ITAQ 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.
At the 10 April 2023 event. Almost the entire public float took the cash; what is left is a thin float carrying the whole deal.
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.
- 92.18% of the public shares were handed back at the 10 April vote — the holders who wanted cash rather than shares in the new company took it then.
What has happened, and what is coming
2 dated milestonesEvery 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 January 2022IPOpassed
IPO size not on file
92.2% of the public float took the cash
Who has already taken their money back
1 filed eventEach time shareholders were offered their cash back, some took it. Heavy cash-outs drain the account and shrink the number of shares left — whatever remains has to carry the deal.
Worst single event
92.18%
of the public float walked at a single vote
Shares redeemed, all events
15.90M
≈92% of the earliest known float
Every figure below is stated in the linked filing; nothing here is estimated.
- Apr 10, 2023Extension92.18%float 17.25M → 1.35M−15.90M0001213900-23-039336
The score
deterministic, from filed fieldsITAQ 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 — 292 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
Industrial Tech Acquisitions II, Inc. is a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker ITAQ. The company priced its initial public offering on January 13, 2022, under SEC file number 333-254594, which was registered on an S-1 form filed on March 22, 2021, for the sale of shares for cash. The registrant is classified under SEC SIC industry code 2860 for Industrial Organic Chemicals and has the SEC CIK 0001841586. The company completed a business combination and no longer files, with its closed status established by an 8-K filed on November 1, 2023. This filing detailed the October 31, 2023, merger of ITAQ Merger Sub Inc. with and into NEXT, making NEXT a wholly-owned subsidiary of Industrial Tech Acquisitions II, Inc., and involved Industrial Tech Partners II, LLC as the sponsor.
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.
This version fixes neither a share count nor a vote date — both are placeholders, as is the meeting URL. That the meeting stands in lieu of the 2023 annual meeting is a stated fact about the vehicle. The merger agreement dates from November 2022, so the transaction was nearly a year old at this filing.
This is the baseline of the ITAQ registration and it fixes nothing quantitative: the prospectus date, the registered share count, the meeting date and the meeting time are all placeholders. That the meeting stands in lieu of the 2023 annual meeting is the one stated fact about the vehicle. Nothing here should be treated as a settled term.
Leaving the per-share deposit undetermined at the time of the vote means ITAQ holders cannot price what staying is worth — the compensation depends on facts fixed only after the redemption deadline passes. The IPO closed January 14, 2022, so this is an extension sought barely fifteen months in on a deal signed only four months earlier. The company ultimately liquidated, making the April 6, 2023 tender deadline the decision that mattered.
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: Industrial Tech Acquisitions II, Inc. ('ITAQ', a Delaware corporation) filed Amendment No. 1 to its Form S-4; the preliminary proxy statement/prospectus inside is dated October 17, 2023. No explanatory note names the change. The meeting is a SPECIAL MEETING IN LIEU OF THE 2023 ANNUAL MEETING of stockholders, to be held at a time and on a date left blank, in a VIRTUAL format — the document states stockholders will NOT be able to attend in person — at an incomplete https://www.cstproxy.com/[________] address, using a control number from Continental Stock Transfer & Trust Company. Why it matters: This version fixes neither a share count nor a vote date — both are placeholders, as is the meeting URL. That the meeting stands in lieu of the 2023 annual meeting is a stated fact about the vehicle. The merger agreement dates from November 2022, so the transaction was nearly a year old at this filing.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2023-08-31 · unchanged
The clause …“declared the Registration Statement effective on prior to July 14, 2023, the Outside Date shall be automatically extended to August 31, 2023; provided, however , the right to terminate this Agreement under this Section 7.1(b) shall not”…
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 2023-05-15trust $180.2M → $165.1M -8%shares 17.3M → 1.35M -92%
trust account, redeemable shares, sponsor loans outstanding +32 moved · 4 with no prior record of ours
- Trust account
- $180.2M$165.1M
- Redeemable shares
- 17.3M1.35M
- Sponsor loans outstanding
- not previously extracted$50K
- Combination deadline
- 2023-12-14 · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus its search on targets operating… · unchanged
SpacBrain reads this as $15,042,402 left the trust between the two filings.
The clause …“were redeemed at approximately $10.38 per share, resulting in a reduction of $165,137,380.09 in the amount held in the Trust Account. The following table contains monthly information about the repurchases of our equity securities for”…
SpacBrain reads this as 15,901,113 shares are no longer redeemable.
The clause …“value; 100,000,000 shares authorized; none issued and outstanding, (excluding 1,348,887 and 17,250,000 shares subject to possible redemption) at June 30, 2023 and December 31, 2022 — — Class B common stock, $ 0.0001 par value;”…
The clause …“of funds outside of the Trust Account. As of June 30, 2023, there were $ 50,000 outstanding under working capital loans. 7 INDUSTRIAL TECH ACQUISITIONS II, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2023 (Unaudited)”…
The clause …“the Company’s Public Shares if the Company is unable to complete the initial Business Combination by December 14, 2023 (or such earlier date as determined by the board of directors of the Company) (the “Combination Period”), subject to”…
The clause …“subsequent dissolution, coupled with the Company’s current liquidity, raises substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities”…
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 II, Inc. ('ITAQ', a Delaware corporation) filed its ORIGINAL Form S-4. The document is 'SUBJECT TO COMPLETION, DATED JULY, 2023' — even the day is missing — and the cover reads 'PROSPECTUS FOR UP TO [__] SHARES OF CLASS A COMMON STOCK'. The meeting is a SPECIAL MEETING IN LIEU OF THE 2023 ANNUAL MEETING of stockholders, to be held at a time and on a date left blank, in a virtual format determined by the ITAQ board. Why it matters: This is the baseline of the ITAQ registration and it fixes nothing quantitative: the prospectus date, the registered share count, the meeting date and the meeting time are all placeholders. That the meeting stands in lieu of the 2023 annual meeting is the one stated fact about the vehicle. Nothing here should be treated as a settled term.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- not previously extracted2023-08-31
SpacBrain reads this as the agreement may be terminated from 2023-08-31.
The clause …“declared the Registration Statement effective on prior to July 14, 2023, the Outside Date shall be automatically extended to August 31, 2023; provided, however , the right to terminate this Agreement under this Section 7.1(b) shall not”…
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.
Liquidation / termination drag: 1 liquidation and 0 terminations across 4 vehicles raised → 25% attrition (terminations 1.25×, stale shells 0.75×).
Mixed record · low confidence
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 · 102.0% of the $10 unit
from 424B4 0001213900-22-001942
Trading & liquidity
Company profile
Directors & officers
- CRIST EUGENE SCOTTChief Executive Officer
- SMITH R GREGChief Financial Officer
- Moore Harvin C. IVDirector
- Viswanathan ArunaDirector
- Clark Andrew C.Director
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
5 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.
- Exos Asset Management LLCwith 1 other reporting person on the same schedule20.8% · SC 13DJun 30, 2023 stale
- Altris Ltdwith 1 other reporting person on the same schedule6.4% · SC 13DOct 3, 2023 stale
- Shaolin Capital Management LLC6.2% · SC 13GFeb 14, 2023 stale
- Saba Capital Management, L.P.with 1 other reporting person on the same schedule0.0% · SC 13G/AFeb 8, 2024 stale
- Harraden Circle Investments, LLCwith 1 other reporting person on the same schedule0.0% · SC 13G/AJan 31, 2024 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
39 full SEC filing texts archived — searchable, never lost.
- Vault note — ITAQ (Industrial Tech Acquisitions II, Inc.)
vault-note · /vault/tickers/ITAQ
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 trail3 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 2860 (Industrial Organic Chemicals). The screen found it by filing SHAPE instead — S-1 2021-03-22 → 8-A12B 2022-01-10 → 424B4 2022-01-13 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 2860 + self-described blank check in 424B4 0001213900-22-001942; 424B 0001213900-22-001942 priced 2022-01-13 under S-1 0001213900-21-017024 (file 333-254594, an offering for cash); common ticker ITAQ off 8-K 0001213900-23-081947 (2023-11-01); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-254594, which belongs to S-1 0001213900-21-017024 (2021-03-22) — 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 2022-01-13). Ending PROVEN, not inferred: LIQUIDATED per Form 25 0001354457-23-000802 (2023-11-02) — 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: Class A Common Stock, Warrants, Units). 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.
warrantStrike=11.5, unitSeparationDays=52 from the definitive prospectus (0001213900-22-001942). NOT FILLED: warrantCallPrice — no stated candidate; rightShareRatio — no stated candidate
sponsor "Industrial Tech Partners II, LLC" (SEC CIK 0001841587) sourced from Form 3 reportingOwner (10% owner) acc 0001213900-22-001628.