MAAC SEC filings, in plain English
Everything Montes Archimedes 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.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
minimum cash conditionnothing moved · 1 with no prior record of ours
- Minimum cash condition
- not previously extracted$210.0M
SpacBrain reads this as the min-cash condition binds at $210,000,000.
The clause …“proceeds available for release to MAAC from MAAC’s trust account being equal to or greater than $210.0 million at the time of Closing (the “Minimum Cash Condition”). As a result of the Redemptions, the trust account proceeds”…
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 2021-05-20trust $410.8M → $410.8M +0%shares 36.3M → 33.6M -7%
trust account, redeemable shares2 moved
- Trust account
- $410.8M$410.8M
- Redeemable shares
- 36.3M33.6M
SpacBrain reads this as $7,077 was added to the trust between the two filings.
The clause “877 Total current assets 1,301,440 1,977,461 Cash and Marketable Securities held in Trust Account 410,798,072 410,803,411 Total Assets $ 412,099,512 $ 412,780,872 Liabilities and Stockholders' Equity: Current”…
SpacBrain reads this as 2,638,247 shares are no longer redeemable.
The clause …“and Contingencies Class A common stock, $ 0.0001 par value; 33,639,240 and 34,375,578 shares subject to possible redemption at $ 10.00 per share as of June 30, 2021 and December 31, 2020, respectively 336,392,400 ”…
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: Montes Archimedes Acquisition Corp. issued definitive merger materials for a completely virtual special meeting at 10:00 a.m. Eastern Time on September 28, 2021, on the Business Combination Agreement dated May 1, 2021 as amended June 9, 2021 among MAAC, Roivant Sciences Ltd. and Rhine Merger Sub, Inc. MAAC's outstanding shares and warrants are automatically cancelled and extinguished and converted into shares and warrants of Roivant, a Bermuda exempted limited company, expected to list on Nasdaq as ROIV and ROIVW. Why it matters: A MAAC holder ends up holding a Bermuda company's shares, and gets there by their own securities being extinguished rather than by acquiring anything. The June 9, 2021 amendment exists only to reflect lock-up agreements entered into by MAAC's independent directors and Roivant. The PIPE is 22,000,000 MAAC Class A Shares at $10.00 per share for gross proceeds of $220,000,000, sold under the Section 4(a)(2) exemption and converting one-for-one into Roivant Common Shares at the Merger, with registration rights granted afterwards.
pipenothing moved · 1 with no prior record of ours
- PIPE
- no earlier filing$100.0M
The clause …“shareholders and their affiliates committed to invest an aggregate of over $100 million in the PIPE Financing, demonstrating their continued conviction in Roivants business and prospects for growth following the Business”…
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.
trust account, redeemable sharesnothing moved · 2 with no prior record of ours
- Trust account
- not previously extracted$410.8M
- Redeemable shares
- not previously extracted36.3M
The clause …“4,877 Total current assets 1,699,907 1,977,461 Cash and Marketable Securities held in Trust Account 410,790,995 410,803,411 Total Assets $ 412,490,902 $ 412,780,872 Liabilities and Stockholders' Equity: Current liabilities: Accounts”…
The clause …“Commitments and Contingencies Class A common stock, $0.0001 par value; 36,277,487 and 34,375,578 shares subject to possible redemption at $10.00 per share as of March 31, 2021 and December 31,2020, respectively 362,774,870”…
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.