ALKURI GLOBAL ACQUISITION CORP.
KURI · Nasdaq · formerly ARK GLOBAL ACQUISITION CORP.
NO ACTION REQUIRED
Nothing left to do
The purchase completed and the shares became shares in the company it bought. 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 deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
In plain terms
- What it is
- A SPAC from Ark Sponsor LLC, listed on Nasdaq in February 2021.
- What it's doing now
- It agreed to buy Babylon Holdings Ltd.. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
- What you should know
- This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.
At a glance
- Where it stands
- Closed (deSPAC)
- The business it bought
- Babylon Holdings Ltd.
- Industry
- the deal record does not name the target's industry yet
- Deal value
- not stated in the filings we hold
- 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
- 8 February 2021
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 4235 HILLSBORO PIKE SUITE 300, NASHVILLE, TN, 37215
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Williams Rich (Chief Executive Officer) · Smith Stephen N. (Director) · May Katie (Director)
- Listed securities
- KURI 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.
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 deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
What has happened, and what is coming
1 dated milestoneEvery 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.
- 8 February 2021IPOpassed
IPO size not on file
The deal
terms as filedWhat it is buying, on what terms, and how much of the combined company new shares take from you.
- closedSEC primaryDeal structureSEC-primary — BCA 8-K / S-4 / DEFM14A
- PIPE
- ≈ $230M · unsourced
PIPE terms — instrument, coupon, conversion price and any reset floor — are not sourced for this deal. The size above is itself unsourced — a stored figure no filing we hold states — so neither the size nor the terms should be read as cited.
stated in:0001193125-21-288124
The score
deterministic, from filed fieldsKURI 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
ALKURI GLOBAL ACQUISITION CORP. was a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker KURI. The company priced its initial public offering on February 8, 2021, pursuant to a 424B prospectus filed under SEC file number 333-251832, which corresponded to an S-1 registration statement filed on December 30, 2020, registering shares sold for cash. The registrant was classified under SEC SIC industry code 8000 (Services-Health Services) and described itself as a blank-check company in that prospectus. On October 21, 2021, the closing date contemplated by its merger agreement, a merger subsidiary merged with and into Alkuri, with Alkuri continuing as the surviving corporation and a wholly owned subsidiary of Babylon. The company's lifecycle is closed, as established by an 8-K filed on October 22, 2021, in connection with the special meeting, and the vehicle no longer files.
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.
The founder takes fifteen votes per share: after the Reclassification the Babylon Class B Shares carry fifteen votes each against one for Class A, have the same economic terms, and are held by Dr. Ali Parsadoust, ALP Partners Limited and the Parsa Family Foundation. Babylon issues the Founder a further 38,800,000 Class B Stockholder Earnout Shares at Closing, restricted until price milestones are met, while only 1,293,750 of the Sponsor's 7,187,500 converted shares are similarly restricted. The deal implies a $4.2 billion post-closing equity value.
The conversion is one-for-one, so an Alkuri holder's share count does not change — what changes is what a share represents. The filing states the business combination implies a $4.2 billion post-closing equity value against a current Babylon equity value of $3.515 billion, and that each Babylon Class A and Class B share has a target value at the time of the combination of $10.00 based on that $3.515 billion. After the Reclassification Babylon has two classes, so a second class exists that Alkuri holders do not receive.
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: Alkuri Global Acquisition Corp. issued definitive merger materials for a special meeting on the merger agreement dated June 3, 2021 with Babylon Holdings Limited, a company organized under the laws of the Bailiwick of Jersey, and Liberty USA Merger Sub, Inc. Merger Sub merges into Alkuri, which continues as a wholly owned subsidiary of Babylon, and each share of Alkuri Common Stock converts into one Babylon Class A ordinary share. The document is also a prospectus for up to 43,125,000 Class A ordinary shares and 14,558,333 warrants of Babylon. Why it matters: The founder takes fifteen votes per share: after the Reclassification the Babylon Class B Shares carry fifteen votes each against one for Class A, have the same economic terms, and are held by Dr. Ali Parsadoust, ALP Partners Limited and the Parsa Family Foundation. Babylon issues the Founder a further 38,800,000 Class B Stockholder Earnout Shares at Closing, restricted until price milestones are met, while only 1,293,750 of the Sponsor's 7,187,500 converted shares are similarly restricted. The deal implies a $4.2 billion post-closing equity value.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
Ark Sponsor LLCnamed as sponsor in this SPAC’s filings — but with no researched track record behind it yet.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1284 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
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/4 · 100.0% of the $10 unit
from 424B4 0001104659-21-013826
Trading & liquidity
Company profile
Directors & officers
- Williams RichChief Executive Officer
- Smith Stephen N.Director
- May KatieDirector
- Krenzer SteveChief Financial Officer
- Harinstein JasonDirector
- Al-Maadeed SultanDirector
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
2 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.
- Empyrean Capital Partners, LPwith 2 other reporting persons on the same schedule5.0% · SC 13GMar 1, 2021 stale
- RP Investment Advisors LPwith 4 other reporting persons on the same schedule0.0% · SC 13G/AFeb 11, 2022 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.
News
company wires and the financial pressReporting we have matched to this ticker. Headlines belong to the outlets that wrote them.
Show the headlines
- Babylon Announces Filing and Availability of Annual Report on Form 20-F
Business Wireundated by the source
- Saudi Arabia backs $550 million investment in health startup Babylon
CNBCundated by the source
- Babylon, A World Leading, Digital-first, Value-based Care Company, Announces Plans To Become A Public Company Via $4.2 Billion Merger With Alkuri Global Acquisition Corp.
PR Newswireundated by the source
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
36 full SEC filing texts archived — searchable, never lost.
- Vault note — KURI (ALKURI GLOBAL ACQUISITION CORP.)
vault-note · /vault/tickers/KURI
- Vault deal note — Babylon Holdings Ltd. (KURI)
vault-note · /vault/deals/babylon-holdings-ltd
- Babylon, A World Leading, Digital-first, Value-based Care Company, Announces Plans To Become A Public Company Via $4.2 Billion Merger With Alkuri Global Acquisition Corp.
news · prnewswire.com
- Babylon Health - Wikipedia
news · en.wikipedia.org
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 trail5 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 8000 (Services-Health Services). The screen found it by filing SHAPE instead — S-1 2020-12-30 → 8-A12B 2021-02-04 → 424B4 2021-02-08 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 8000 + self-described blank check in 424B4 0001104659-21-013826; 424B 0001104659-21-013826 priced 2021-02-08 under S-1 0001104659-20-140611 (file 333-251832, an offering for cash); common ticker KURI off 10-Q 0001104659-21-105217 (2021-08-13); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-251832, which belongs to S-1 0001104659-20-140611 (2020-12-30) — 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 2021-02-08). Ending PROVEN, not inferred: CLOSED per 8-K 0001104659-21-128695 (2021-10-22) — ade in connection with the Special Meeting. On October 21, 2021 (the " Closing Date "), as contemplated by the Merger Agreement, Merger Sub merged with and into Alkuri, with Alkuri continuing as the surviving corporation (the " Surviving Company ") and a wholly owned subsidiary of Babylon (the " Business Combination " and together with the other transactions contemplated by the Merger Agreement, t. 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.
sponsor "Ark Sponsor LLC" sourced from prospectus definition (10-K) acc 0001104659-21-043433.
[CLOSED-2.01] SEC accession 0001104659-21-128695 (Form 8-K, item 2.01 Completion of Acquisition or Disposition of Assets); the cover's date of earliest event reported is 2021-10-21. That is the SEC's own date for this report and NOT necessarily the closing day — an 8-K may cover several events, and where the two differ the closing date is in the quoted sentence below. Target read STRUCTURALLY from the merger agreement's party list — the party that is neither the registrant (identified by the filing's own cover page) nor a merger sub (identified by the clause making it a subsidiary of another party) nor an accommodation party (identified by a "solely for purposes of" joinder), and it was the only one left. The sentence it was read from: "(" Alkuri " or the " Company ") entered into a Merger Agreement (the " Merger Agreement "), by and among Alkuri, Babylon Holdings Ltd., a company organized under the laws of the Bailiwick of Jersey with registered number 115471 (" Babylon "), Liberty USA Merger Sub, Inc., a Delaware corporation (" Merger Sub "), and, solely for purposes of Section 1.08 of the Merger Agreement, each of Alkuri Sponsors LLC (the " Sponsor ") and Dr. Ali Parsadoust (the " Founder ")." No deal value is set — an item-2.01 heading is not a figure. No date column is set: Deal has announcedAt, voteDate and expectedCloseAt and nowhere to record an actual close, so the SEC's date is kept here until that column exists. [DEAL-STRUCTURE-MINED] pipeSizeM=230 from primary filings (0001193125-21-288124).
entity created from the filed target name; no About paragraph on file, so every other field awaits a sourced read
pipeBasis set to UNSOURCED: the size came from the research seed / an earlier record and no filing we hold states it — surfaces now label it "unsourced"; an LLM re-read to FILED replaces this when credits allow