KSMT SEC filings, in plain English
Everything Kismet Acquisition One Corp has filed with the SEC that we hold — 40 filings, newest first, 6 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
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
- What changed vs 2021-06-25trust $250.1M → $250.1M +0%shares 22.9M → 22.6M -1%
trust account, redeemable shares, mandate language2 moved · 1 with no prior record of ours
- Trust account
- $250.1M$250.1M
- Redeemable shares
- 22.9M22.6M
- Mandate language
- the Company intends to focus on companies in the telecommuni… · unchanged
SpacBrain reads this as $6,235 was added to the trust between the two filings.
The clause …“expenses 355,500 409,687 Total current assets 364,058 1,171,210 Investments held in Trust Account 250,087,787 250,064,076 Total assets $ 250,451,845 $ 251,235,286 Liabilities and Shareholders’ Equity: Current liabilities: Accounts”…
SpacBrain reads this as 315,384 shares are no longer redeemable.
The clause “536,384 16,978,722 Commitments and Contingencies Ordinary shares, no par value; 22,591,546 and 22,925,656 shares subject to possible redemption at $ 10.00 per share as of June 30, 2021 and December 31, 2020, respectively 225,915,460”…
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: Kismet Acquisition One Corp, a British Virgin Islands business company, issued definitive merger materials for a special meeting of shareholders on August 18, 2021 at 10:00 a.m. Eastern time at the offices of Greenberg Traurig, LLP in McLean, Virginia. Under the Business Combination Agreement dated January 31, 2021 as amended July 17, 2021, Kismet merges into Nexters Inc. under Section 170 of the BVI Business Companies Act, 2004, with Pubco surviving, and Pubco then acquires all the share capital of Nexters Global Ltd, a Cyprus company, for cash and Pubco ordinary shares. Why it matters: The vote is a single bundled proposal: approving the business combination means approving the BVI merger, the Plan of Merger made under section 170(5), the Share Acquisition and every other transaction under the agreement together, with no way to accept one and refuse another. Holders who do not redeem become security holders of Pubco, itself a British Virgin Islands company, so the shares they end up with are not Delaware shares. The only other item on the ballot is an adjournment proposal.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- no earlier filing2021-09-30
SpacBrain reads this as the agreement may be terminated from 2021-09-30.
The clause …“condition contained in the Business Combination Agreement, and change the “Outside Date” for the parties to consummate the Proposed Transactions to September 30, 2021. 128 TABLE OF CONTENTS Kismet’s Board of Directors’ Reasons for”…
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.
pipenothing moved · 1 with no prior record of ours
- PIPE
- not previously extracted$50.0M
The clause …“which recently announced in relation to its SPAC merger deal that it secured $50 million of PIPE investments from Mubadala Investment Company and VPE Capital, which when paired with $50 million from Kismet Sponsor Limited, meets the”…
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.
outside date1 moved
- Outside date
- 2021-06-302021-09-30
SpacBrain reads this as 92 days later than the previous record.
The clause …“closing condition contained in the Business Combination, and changes the “Outside Date” for the parties to consummate the Transactions to September 30, 2021. The Amendment also replaces (i) the form of Registration Rights Agreement”…
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.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2021-09-30 · unchanged
The clause …“closing condition contained in the Business Combination, and changes the “Outside Date” for the parties to consummate the Transactions to September 30, 2021. The Amendment also replaces (i) the form of Registration Rights Agreement”…
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 2020-11-10trust $250.0M → $250.1M +0%shares 23.7M → 22.9M -3%
trust account, redeemable shares, mandate language2 moved · 1 with no prior record of ours
- Trust account
- $250.0M$250.1M
- Redeemable shares
- 23.7M22.9M
- Mandate language
- the Company intends to focus on companies in the telecommuni… · unchanged
SpacBrain reads this as $66,816 was added to the trust between the two filings.
The clause …“expenses 451,304 409,687 Total current assets 733,731 1,171,210 Investments held in Trust Account 250,081,552 250,064,076 Total assets $ 250,815,283 $ 251,235,286 Liabilities and Shareholders’ Equity: Current liabilities: Accounts”…
SpacBrain reads this as 823,457 shares are no longer redeemable.
The clause “745,977 16,978,722 Commitments and Contingencies Ordinary shares, no par value; 22,906,930 and 22,925,656 shares subject to possible redemption at $10.00 per share as of March 31, 2021 and December 31, 2020, respectively 229,069,300”…
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.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- not previously extracted2021-06-30
SpacBrain reads this as the agreement may be terminated from 2021-06-30.
The clause …“forth in the Business Combination Agreement shall not have occurred prior to June 30, 2021 (the “Outside Date”); provided that if the Registration Statement is not declared effective by not later than 15 business days prior to the”…
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.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2021-06-30 · unchanged
The clause …“forth in the Business Combination Agreement shall not have occurred prior to June 30, 2021 (the “Outside Date”); provided that if the Registration Statement is not declared effective by not later than 15 business days prior to the”…
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: First 10-Q with a funded trust: investments held in Trust Account are $250,014,736 at September 30, 2020 - $14,736 of earnings on a $250,000,000 deposit - with 23,730,387 ordinary shares subject to possible redemption at $10.00 = $237,303,870 and 8,019,613 shares outside. Deferred underwriting is $8,750,000; cash outside trust is $931,960 with working capital of about $1.0 million. The statements are prepared on a going-concern basis with no substantial-doubt language. Why it matters: $14,736 of trust income on a quarter of a billion dollars is the practical floor of the 2020 rate environment: this shell's entire runway is the $931,960 outside trust. The single-class, no-par ordinary share structure means the cover's 31,750,000 shares is the whole company and reconciles exactly to 23,730,387 + 8,019,613. The trust figure is a September 30, 2020 balance, not a redemption price, and nothing was written to any trust or price field.
trust account, redeemable shares, mandate languagenothing moved · 3 with no prior record of ours
- Trust account
- not previously extracted$250.0M
- Redeemable shares
- not previously extracted23.7M
- Mandate language
- the Company intends to focus on companies in the telecommuni… · unchanged
The clause …“$ 931,960 Prepaid expenses 495,260 Total current assets 1,427,220 Investments held in Trust Account 250,014,736 Total assets $ 251,441,956 Liabilities and Shareholder’s Equity: Current liabilities: Accounts payable $ 273,543 Accrued”…
The clause …“and Contingencies Ordinary shares, no par value; unlimited shares authorized; 23,730,387 shares subject to possible redemption at $10.00 per share 237,303,870 Shareholders’ Equity: Preferred shares, no par value; unlimited shares”…
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: First 10-Q of a company incorporated June 3, 2020, covering 27 days to June 30, 2020: approximately $500 in the operating bank account, a working capital deficit of about $121,000 and a net loss of about $10,200, all general and administrative. No trust account exists in the period; liquidity came from the Sponsor's $25,000 for founder shares and a loan. The cover reports 32,687,500 ordinary shares outstanding at September 17, 2020 following the post-period IPO. Why it matters: Approximately $500 of cash is the whole balance sheet outside accruals, and there is no trust to quote. This is the fourth pre-IPO stub-period 10-Q in a single ten-filing slice from mid-2020, so the pattern is systematic in this cohort rather than exceptional: the form is a 10-Q, the company is not yet a funded SPAC. Nothing was written to any trust, price or status field.
What changed: Item 8.01: Kismet Acquisition One Corp filed the audited balance sheet as of August 10, 2020 (Exhibit 99.1) and restated its IPO — 25,000,000 units at $10.00 under Form S-1 File No. 333-239972, gross proceeds $250,000,000, each unit one ordinary share plus one half of one warrant at $11.50 — together with the sponsor's simultaneous purchase of 6,750,000 private placement warrants at $1.00 for $6,750,000. It repeats that $250,000,000 of net IPO and private placement proceeds was deposited in the trust account for public shareholders. Why it matters: The audited confirmation of the position reported on August 11, 2020 rather than a new event: $250,000,000 in trust against 25,000,000 public shares. The balance sheet is in the exhibit and was not read for this summary, so only the figures the report states in its own text are asserted here. No target, completion deadline or deal term is stated.
What changed: Items 1.01/3.02/5.02/8.01: Kismet Acquisition One Corp's Form S-1 (File No. 333-239972) was declared effective August 5, 2020 and it consummated its IPO of 25,000,000 units at $10.00 on August 10, 2020, gross proceeds $250,000,000. Each unit is one ordinary share plus one half of one warrant at $11.50. The sponsor, Kismet Sponsor Limited, simultaneously bought 6,750,000 private placement warrants at $1.00 for $6,750,000. The report states $250,000,000 of net IPO and private placement proceeds went into the trust account with Continental as trustee. Why it matters: The opening position as stated: $250,000,000 in trust against 25,000,000 public shares, with $6,750,000 of at-risk sponsor money. Half-warrant coverage is a heavier dilution overhang than the third-warrant structures of the same week. The report also files a Forward Purchase Agreement with the sponsor dated August 5, 2020 — committed capital available at a business combination that would offset redemptions — but states none of its terms, size or conditions in the text read.
What changed: IPO pricing prospectus for Kismet Acquisition One Corp: units at $10.00, each one ordinary share and one-half of one warrant at $11.50; only whole warrants exercise. Deferred underwriting is $0.35 per unit, $8,750,000 ($10,062,500 if the additional-units option is exercised in full). The sponsor bought 6,750,000 private placement warrants and signs a forward purchase agreement for $20,000,000 of units, each one share and one-half of a warrant at $11.50. 24 months from closing, after which the trust is distributed pro rata by redemption and the company winds up. Why it matters: This prospectus contradicts itself in one sentence and it is the sentence that governs the call. It names the trigger prices in the order '$10.00 and $18.00', then names their captions in the order '$18.00' and '$10.00', then says they adjust to '100% and 180% ... respectively'. Read by price order the mapping is the market-standard one ($10.00 to 100%, $18.00 to 180%); read by caption order it is inverted. Flagged for review: the adjusted trigger cannot be stored from this document without choosing a reading.(flagged for human review)
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.