JIH SEC filings, in plain English
Everything Juniper Industrial Holdings, 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.
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- What changed vs 2020-11-16trust $347.6M → $347.5M -0%shares 32.9M → 24.2M -26%
trust account, redeemable shares, mandate language2 moved · 1 with no prior record of ours
- Trust account
- $347.6M$347.5M
- Redeemable shares
- 32.9M24.2M
- Mandate language
- the Company intends to focus its search for a target busines… · unchanged
SpacBrain reads this as $122,407 left the trust between the two filings.
The clause …“Other Unobservable Inputs (Level 3) Assets: Cash and marketable securities held in Trust Account $ 347,472,903 $ $ Liabilities: Derivative warrant liabilities- Public Warrants $ 31,740,000 $ $ Derivative warrant liabilities-”…
SpacBrain reads this as 8,634,790 shares are no longer redeemable.
The clause “Commitments and Contingencies (Note 5) Class A common stock, $0.0001 par value; 24,248,144 and 27,215,323 shares subject to possible redemption at $10.06 and $10.07 per share at March 31, 2021 and December 31, 2020, respectively”…
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: Juniper Industrial Holdings, Inc. issued definitive merger materials dated May 7, 2021, first mailed on or about May 10, 2021, on the Business Combination Agreement dated December 21, 2020 under which Janus Midco, LLC becomes a wholly owned subsidiary of Janus Parent, Inc., which becomes the public company and is renamed Janus International Group, Inc. The document is also a prospectus for 140,525,000 shares of Parent common stock and 27,400,000 Parent warrants, and each outstanding JIH share converts into one Parent share. Why it matters: The sponsor is treated differently from the public on both sides of its position: Juniper Industrial Sponsor, LLC receives an equivalent number of Parent shares but 2,000,000 of them are subject to an Earnout Agreement, and its warrants convert into Parent warrants representing only 50% of the number it held, while public warrants convert one for one at the same $11.50 exercise price. Listing is applied for but not granted — Parent has applied to the NYSE as JBI and JBI WS, and JIH's own securities are expected to be delisted.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- no earlier filing2021-08-31
SpacBrain reads this as the agreement may be terminated from 2021-08-31.
The clause …“of the transactions contemplated hereby shall not have occurred on or before August 31, 2021 (the Outside Date ); provided that the right to terminate this Agreement under this Section 12.1(c) shall not be available to any Party”…
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: FY2020 10-K. Trust held $347,472,903 at December 31, 2020 against $345,714,541 a year earlier; $2,109,586 of trust income was earned in 2020 and about $0.5m withdrawn to pay taxes. The redeemable block fell from 33,024,303 to 32,617,127 Class A shares. Cash outside trust $1,789,687, but accrued expenses jumped from $166,318 to $3,723,443, and the filing states a working-capital deficit of about $1.8m and going-concern doubt. A business combination agreement is in place with an outside date of August 31, 2021. Cover shows 34,500,000 Class A and 8,625,000 Class B. Why it matters: The going-concern conclusion is driven by deal costs, not by the trust: accrued expenses rose more than twentyfold in the year while the trust grew. The going-concern sentence is also mis-drafted in two places - 'raises substantial about the Company's ability to continue as a going concern', with the word 'doubt' missing - so a text search for the standard phrase will not find it here. Trust figures are as of December 31, 2020, and about $2.5m of trust interest remains available for taxes.
What changed vs 2020-03-30trust $345.7M → $347.5M +1%going concern APPEAREDmandate language changedshares 33.0M → 32.6M -1%trust account, going-concern doubt, mandate language +24 moved · 1 with no prior record of ours
- Trust account
- $345.7M$347.5M
- Going-concern doubt
- not statedstated
- Mandate language
- we intend to focus our search within the industrial sector, …we intend to focus our search for an initial business combin…
- Redeemable shares
- 33.0M32.6M
- Combination deadline
- 2021-11-13 · unchanged
SpacBrain reads this as $1,785,459 was added to the trust between the two filings.
The clause …“material exposure to interest rate risk. At December 31, 2020, approximately $347.5 million was held in the Trust Account for the purposes of consummating a business combination. If we complete a business combination prior to November”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“statements have been prepared assuming that the Company will continue as a going concern. As more fully described in Note 1 to the financial statements, the Companys business plan is dependent on the completion of a business”…
SpacBrain reads this as 407,176 shares are no longer redeemable.
The clause …“of uncertain future events. Accordingly, at December 31, 2020 and 2019, 32,617,127 and 33,024,303 shares of Class A common stock subject to possible redemption, respectively, is presented as temporary equity, outside of the”…
The clause …“for the purposes of consummating a business combination. If we complete a business combination prior to November 13, 2021, the funds in the Trust Account will be used to pay for the business combination, redemptions of common stock,”…
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.