KNSW SEC filings, in plain English
Everything KnightSwan Acquisition Corp 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 vs 2023-08-11trust $242.5M → $239.1M -1%shares 23.0M → 4.64M -80%
trust account, redeemable shares, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $242.5M$239.1M
- Redeemable shares
- 23.0M4.64M
- Combination deadline
- 2024-07-25 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $125K · unchanged
SpacBrain reads this as $3,384,305 left the trust between the two filings.
The clause “0, 2023 and December 31, 2022, the Company had approximately $ 49.8 million and $ 239.1 million in cash held in the Trust Account, respectively. The Company’s portfolio of investments is comprised solely of U.S. government securities,”…
SpacBrain reads this as 18,355,353 shares are no longer redeemable.
The clause …“issued and outstanding at September 30, 2023 and December 31, 2022 (excluding 4,644,647 and 23,000,000 shares subject to possible redemption) — — Class B common stock, $ 0.0001 par value, 24,000,000 shares authorized, 5,750,000 shares”…
The clause …“the Company has to consummate a business combination from July 25, 2023 to July 25, 2024 (or such earlier date after July 25, 2023 as determined by the Company’s board of directors) (the “Extension Amendment Proposal”). The”…
The clause …“redeem the public shares and thereafter liquidate and dissolve raises substantial doubt about the ability to continue as a going concern. Management has determined that the Company does not have funds that are sufficient to fund”…
The clause …“of the Proposed Public Offering. During January 2022, the Company borrowed $ 124,500 under the Promissory Note. The amounts outstanding under the Promissory Note were paid in full at the close of the IPO. As of September 30,”…
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 2023-05-12trust $241.5M → $242.5M +0%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $241.5M$242.5M
- Combination deadline
- not previously extracted2024-07-25
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $125K · unchanged
- Redeemable shares
- 23.0M · unchanged
SpacBrain reads this as $997,639 was added to the trust between the two filings.
The clause …“assets 52,656 434,868 Total Current Assets 790,179 1,674,869 Investments held in the Trust Account 242,484,305 239,149,497 Total Assets $ 243,274,484 $ 240,824,366 LIABILITIES, COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND”…
The clause …“the Company has to consummate a business combination from July 25, 2023 to July 25, 2024 (or such earlier date after July 25, 2023 as determined by the Company’s board of directors) (the “Extension Amendment Proposal”). The”…
The clause …“redeem the public shares and thereafter liquidate and dissolve raises substantial doubt about the ability to continue as a going concern. Management has determined that the Company does not have funds that are sufficient to fund”…
The clause …“of the Proposed Public Offering. During January 2022, the Company borrowed $ 124,500 under the Promissory Note. The amounts outstanding under the Promissory Note were paid in full at the close of the IPO. As of June 30, 2023”…
The clause …“issued and outstanding at June 30, 2023 and December 31, 2022 (excluding 23,000,000 shares subject to possible redemption) — — Class B common stock, $ 0.0001 par value, 24,000,000 shares authorized, 5,750,000 shares issued and”…
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: KnightSwan Acquisition Corporation called a special meeting for July 20, 2023 at 10:00 a.m. Eastern Time, virtual, to extend the Termination Date from July 25, 2023 to July 25, 2024 without requiring the Sponsor to exercise its existing Extension Option. On the record date the redemption price was approximately $10.53 per share, based on approximately $242.4 million on deposit in the Trust Account. Under the existing charter the Sponsor could extend only twice by three months each, and only by depositing an additional $2,300,000 into trust for each extension. Why it matters: This proposal replaces a $2,300,000 deposit obligation with a free twelve-month extension — a direct transfer of value from the trust's accretion to the sponsor, and the single most important fact for KNSW holders. Against roughly $242.4 million of trust at $10.53 per share, redeeming at this meeting locks in a value that will no longer grow from sponsor deposits. KnightSwan ultimately liquidated, so no deal ever justified the extension.
- What changed vs 2022-11-10trust $237.2M → $241.5M +2%
trust account, going-concern doubt, sponsor loans outstanding +11 moved · 3 with no prior record of ours
- Trust account
- $237.2M$241.5M
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $125K · unchanged
- Redeemable shares
- 23.0M · unchanged
SpacBrain reads this as $4,331,476 was added to the trust between the two filings.
The clause …“services 244,322 434,868 Total Current Assets 1,193,881 1,674,869 Investments held in the Trust Account 241,486,666 239,149,497 Total Assets $ 242,680,547 $ 240,824,366 LIABILITIES, COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND”…
The clause …“redeem the public shares and thereafter liquidate and dissolve raises substantial doubt about the ability to continue as a going concern. Management has determined that the Company has funds that are sufficient to fund the”…
The clause …“of the Proposed Public Offering. During January 2022, the Company borrowed $ 124,500 under the Promissory Note. The amounts outstanding under the Promissory Note were paid in full at the close of the IPO. As of March 31,”…
The clause …“issued and outstanding at March 31, 2023 and December 31, 2022 (excluding 23,000,000 shares subject to possible redemption) — — Class B common stock, $ 0.0001 par value, 24,000,000 shares authorized, 5,750,000 shares issued and”…
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 2022-08-11trust $236.1M → $237.2M +0%
trust account, going-concern doubt, sponsor loans outstanding +11 moved · 3 with no prior record of ours
- Trust account
- $236.1M$237.2M
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $125K · unchanged
- Redeemable shares
- 23.0M · unchanged
SpacBrain reads this as $1,064,066 was added to the trust between the two filings.
The clause …“Current Assets 2,130,147 2,055 Deferred offering costs — 429,168 Investments held in the Trust Account 237,155,190 — Total Assets $ 239,285,337 $ 431,223 LIABILITIES, COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS’”…
The clause …“redeem the public shares and thereafter liquidate and dissolve raises substantial doubt about the ability to continue as a going concern. Management has determined that the Company has funds that are sufficient to fund the”…
The clause …“of the Proposed Public Offering. During January 2022, the Company borrowed $ 124,500 under the Promissory Note. The amounts outstanding under the Promissory Note were paid in full at the close of the IPO. As of September 30,”…
The clause …“issued and outstanding at September 30, 2022 and December 31, 2021 (excluding 23,000,000 shares subject to possible redemption) — — Class B common stock, $ 0.0001 par value, 24,000,000 shares authorized, 5,750,000 shares issued and”…
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 2022-05-16trust $235.8M → $236.1M +0%
trust account, going-concern doubt, sponsor loans outstanding +11 moved · 3 with no prior record of ours
- Trust account
- $235.8M$236.1M
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $125K · unchanged
- Redeemable shares
- 23.0M · unchanged
SpacBrain reads this as $319,668 was added to the trust between the two filings.
The clause …“2,055 Other assets 182,472 — Deferred offering costs — 429,168 Investments held in the Trust Account 236,091,124 — Total Assets $ 238,607,811 $ 431,223 LIABILITIES, COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS’”…
The clause …“redeem the public shares and thereafter liquidate and dissolve raises substantial doubt about the ability to continue as a going concern. Management has determined that the Company has funds that are sufficient to fund the”…
The clause …“of the Proposed Public Offering. During January 2022, the Company borrowed $ 124,500 under the Promissory Note. The amounts outstanding under the Promissory Note were paid in full at the close of the IPO. As of June 30, 2022”…
The clause …“issued and outstanding at June 30, 2022 and December 31, 2021 (excluding 23,000,000 shares subject to possible redemption) — — Class B common stock, $ 0.0001 par value, 24,000,000 shares authorized, 5,750,000 shares issued and”…
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.