LCW SEC filings, in plain English
Everything Learn CW Investment 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: Learn CW Investment Corporation, a Cayman Islands SPAC, issued definitive merger materials for an extraordinary general meeting on September 30, 2024 to approve its business combination with Innventure LLC under the October 24, 2023 agreement. Learn SPAC HoldCo will be renamed Innventure, Inc. and list on the Nasdaq Global Market as INV. Merger consideration to the Innventure Members is Holdco common stock equal to $435 million less outstanding indebtedness and other adjustments set out in the agreement. Why it matters: Public shareholders choosing between the deal and cash face a redemption value of approximately $10.99 per public share as of September 5, 2024, including interest net of taxes — so the decision is that certain amount against equity in a $435 million enterprise. Nasdaq listing of the Holdco common stock, par value $0.0001, is a condition to closing. Redemption elections had to be completed with Equiniti, physically or through DTC, before 5:00 p.m. Eastern Time on September 26, 2024, two business days before the meeting.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2024-10-13 · unchanged
The clause …“Learn CW and its officers, directors, director nominees, and the Sponsor; • “Outside Date” are to October 13, 2024; • “Person” are to an individual (including current and former employees), corporation, company, partnership (including”…
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 2024-05-22trust $100.8M → $100.3M -0%sponsor loan $3.0M → $3.8M
trust account, sponsor loans outstanding, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $100.8M$100.3M
- Sponsor loans outstanding
- $3.0M$3.8M
- Combination deadline
- 2024-10-13 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 9.34M · unchanged
SpacBrain reads this as $450,000 left the trust between the two filings.
The clause …“costs. As of June 30, 2024 and December 31, 2023, we had $101,592,732 and $100,304,232 cash held in the Trust Account, respectively. We intend to use substantially all of the funds held the Trust Account. To the extent that our”…
SpacBrain reads this as the sponsor has advanced $750,000 more.
The clause …“of the loan of up to $ 3,800,000 , which was fully drawn as of such date. The outstanding balance under this loan amounted to $ 3,800,000 as of June 30, 2024. Management determined that there was an embedded conversion feature related”…
The clause …“must consummate an initial business combination from October 13, 2023 to October 13, 2024, by electing to extend the date to consummate an initial business combination on a monthly basis for up to twelve (12) times by an additional”…
The clause …“business combination not occur, and potential subsequent dissolution, raises substantial doubt about the Company’s ability to continue as a going concern for the next twelve months from the issuance of this filing. No adjustments have”…
The clause “$ 0.0001 par value; 200,000,000 shares authorized; none outstanding (excluding 9,338,421 shares subject to possible redemption) at June 30, 2024 and December 31, 2023 - - Class B ordinary shares, $ 0.0001 par value; 20,000,000 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 vs 2023-12-01trust $235.6M → $100.8M -57%sponsor loan $1.3M → $3.0M
trust account, sponsor loans outstanding, redeemable shares +22 moved · 3 with no prior record of ours
- Trust account
- $235.6M$100.8M
- Sponsor loans outstanding
- $1.3M$3.0M
- Redeemable shares
- not previously extracted9.34M
- Combination deadline
- 2024-10-13 · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $134,824,043 left the trust between the two filings.
The clause …“392,343 602,682 Total Current Assets 644,832 718,916 Cash and Investments Held in Trust Account 100,754,232 100,304,232 Total Assets $ 101,399,064 $ 101,023,148 LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND”…
SpacBrain reads this as the sponsor has advanced $1,772,000 more.
The clause …“of the Company at a price of $ 1.00 per private placement warrant. The outstanding balance under this loan amounted to $ 3,050,000 as of March 31, 2024 and $ 2,439,000 as of December 31, 2023. Management determined that there was”…
The clause …“zero shares of Class A ordinary share issued or outstanding, (excluding the 9,338,421 Class A shares subject to possible redemption). Class B Ordinary Shares — The Company is authorized to issue 20,000,000 Class B ordinary shares,”…
The clause …“combination (the “Extension Amendment Proposal”) from October 13, 2023 to October 13, 2024, by electing to extend the date to consummate an initial business combination on a monthly basis for up to twelve (12) times by an additional”…
The clause …“business combination not occur, and potential subsequent dissolution, raises substantial doubt about the Company’s ability to continue as a going concern for the next twelve months from the issuance of this filing. No adjustments have”…
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.