Mana Capital Acquisition Corp.
MAAQ · Nasdaq
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 Mana Capital LLC, listed on Nasdaq in November 2021.
- What it's doing now
- It agreed to buy Cardio Diagnostics Holdings, Inc., an AI-driven cardiovascular epigenetic diagnostics company. 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
- Cardio Diagnostics Holdings, Inc. — industry and peer companies.
- Industry
- Health Care — AI-driven cardiovascular epigenetic diagnostics
- 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
- 24 November 2021
- size not on file
- Headquarters
- 311 W. SUPERIOR STREET, CHICAGO, IL, 60645
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- no Form 3/4 ownership filing captured yet
- Listed securities
- MAAQ 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.
- 24 November 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.
- closedHealth Care
The score
deterministic, from filed fieldsMAAQ 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 — 294 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
Mana Capital Acquisition Corp. was a blank-check company that traded on the Nasdaq Stock Market under the common ticker MAAQ and operated under SEC SIC industry code 2835 for In Vitro & In Vivo Diagnostic Substances. The company priced its initial public offering on November 24, 2021, pursuant to a 424B prospectus filed under SEC file number 333-260360. The MAAQ ticker was printed on the cover page of an 8-K filed on September 23, 2022. The vehicle completed a business combination and is closed, as established by a Form 25 filed on October 26, 2022, under 17 CFR 240.12d2-2(a)(3), indicating its shares became the successor's rights and units. EDGAR now files the company's SEC CIK 0001870144 as Cardio Diagnostics Holdings, Inc.
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 presentation signals meaningful reimbursement and commercialization milestones for the de-SPAC company, with Medicare coverage determination and commercial payer pilots still in progress—key drivers for revenue ramp and the ~$175B combined TAM.
Nothing can be read from this document about what was communicated to stockholders — the accompanying material is not part of the captured text, so the filing establishes only that additional proxy materials were filed on that date.
All per-share history in this report is restated for the 1-for-30 split, so nothing here is comparable to figures published before May 2025 on a pre-split basis. This summary is drawn from the cover page and introductory notes; the financial statements are not covered here.
Seeking the same Nasdaq 20% authorisation for a third consecutive year tells a holder how this company funds itself: through repeated private issuances of convertible securities, each requiring shareholder consent because each exceeds a fifth of the share count. Approval hands management standing authority to issue below market in non-public transactions, and the cumulative effect across three such authorisations is the dilution former MAAQ holders have absorbed. Being preliminary, the terms may change before the definitive proxy.
This is the third consecutive annual meeting at which holders have been asked to lift the Nasdaq 20% cap for private placements - the company has made serial dilution an annual governance ritual rather than a one-off financing event. Each approval covers a fresh series of transactions, so the cumulative issuance across three years is far larger than any single vote suggests. The Mana Capital trust was released at the de-SPAC.
Seeking a second reverse split authorisation twelve months after the first means the prior approval either went unused or failed to hold the price above $1.00 - either way the stock has continued to fall. The company would go on to request Nasdaq 20% issuance approvals at the 2024 and 2025 annual meetings as well, so split authority and dilution authority alternate on an annual cycle. The Mana Capital trust was released at the de-SPAC.
Show 6 more material filings
Consideration is capped in shares rather than fixed in dollars: Cardio's holders of capital stock, options, warrants and equity rights receive up to a maximum aggregate of 11,170,232 shares of common stock on a fully diluted basis. The trust held $65,010,733 in cash and marketable securities at June 30, 2022, with $45,587 held outside it for working capital, and the stock closed at $10.04 on the record date. The cover contradicts itself: a document marked subject to completion and dated October 5, 2022 also states it is dated October 7, 2022 and first mailed on or about that date.
This is a small deal with a thin financing: the PIPE is defined only as at least $3,000,000, in debt or equity, from investors who have yet to sign subscription agreements. Post-combination there would be about 15,421,508 shares — MANA's public stockholders 42.2%, the Sponsor, officers and directors about 10.5%, and holders of MANA Rights about 6.0% through 928,571 shares. The sponsor's 1,625,000 shares rise from 10.5% to 17.2% of both ownership and votes at maximum redemption, and the sponsor separately transfers 150,000 of them to CEO Jonathan Intrater after closing.
Former holders of Cardio's capital stock, options and warrants are entitled to receive up to a maximum aggregate of 11,289,809 shares of common stock on a fully-diluted basis, subject to the terms of the Merger Agreement. Almost every other number a reader would want is a placeholder in this version: the proxy statement's own date, the mailing date, the meeting date, the record date, the amount of marketable securities in MANA's trust account, the closing price of MANA common stock on the record date, and the cash held outside the trust are each left blank.
Former holders of Cardio's capital stock, options and warrants are entitled to receive up to a maximum aggregate of 11,321,938 shares of common stock on a fully-diluted basis, subject to the terms of the Merger Agreement. Everything else a reader would need to price the deal is a placeholder in this version: the proxy statement's own date, the mailing date, the meeting date, the record date, the marketable securities in MANA's trust account, the closing price of MANA common stock on the record date, and the cash held outside the trust are each left blank.
Almost every quantity a reader would want is still a placeholder. The cover gives the trust balance, the closing price of MANA's common stock, the cash held outside trust, the record date and the meeting date all as empty brackets, so nothing about trust value or timing can be taken from this version, and the share cap of 11,321,938 is the only firm figure in it. The registrant's stated I.R.S. Employer Identification Number, printed as 87-09255674, carries one digit more than an EIN holds; recorded as printed rather than corrected.
Almost every quantity in this filing is still a blank. The document states that former Cardio holders will receive up to an aggregate of '[ ]' shares of common stock, gives the meeting date, the mailing date and the record date as '[ ], 2022', and reports the trust account as '$[ ] in marketable securities'. Nothing here supports a share count, a deadline or a trust figure, and none is recorded — this row is a placeholder for a transaction whose terms the filing does not yet state.
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.
What changed: Cardio Diagnostics Holdings (post-merger entity from MAAQ) filed an investor presentation detailing commercial progress including CMS final payment rate of $854/test (Dec 2025), first in-network coverage via Atlas Healthcare Physicians (June 2026), out-of-network billing capability (July 2026), and in-house CLIA lab operations reducing COGS ~30%. Why it matters: The presentation signals meaningful reimbursement and commercialization milestones for the de-SPAC company, with Medicare coverage determination and commercial payer pilots still in progress—key drivers for revenue ramp and the ~$175B combined TAM.
What changed: DEFA14A of Cardio Diagnostics Holdings, Inc. — definitive additional proxy materials filed August 7, 2026. The captured document consists of the Schedule 14A cover page identifying the registrant, the 'Definitive Additional Materials' box and the fee statement ('No fee required'); no substantive soliciting content appears in the text available here. Why it matters: Nothing can be read from this document about what was communicated to stockholders — the accompanying material is not part of the captured text, so the filing establishes only that additional proxy materials were filed on that date.(flagged for human review)
What changed: Q2 2026 10-Q of Cardio Diagnostics Holdings, Inc. (Nasdaq: CDIO). As of August 7, 2026 there were 2,959,469 shares of common stock outstanding. The introductory note states the company effected a 1-for-30 reverse stock split effective May 12, 2025, and that all issued and outstanding stock and per-share amounts in the report, together with the exercise prices and share numbers under its equity incentive plans and outstanding warrants, have been adjusted for that split for all prior periods presented. Why it matters: All per-share history in this report is restated for the 1-for-30 split, so nothing here is comparable to figures published before May 2025 on a pre-split basis. This summary is drawn from the cover page and introductory notes; the financial statements are not covered here.
What changed: Cardio Diagnostics Holdings, Inc. (the post-merger entity from Mana Capital Acquisition Corp.) filed a DEF 14A for its 2026 annual meeting on September 18, 2026, with a record date of July 31, 2026 and 2,959,469 shares outstanding. The proxy includes a proposal (No. 2) to approve the future issuance of shares equal to 20% or more of outstanding common stock in a non-public transaction to raise up to $10.0 million, consistent with similar proposals approved at the 2023, 2024, and 2025 annual meetings but never utilized. Why it matters: This filing confirms the post-merger company is operational and seeking continued shareholder authorization for potential dilutive capital raises, though it has relied on an ATM facility since early 2024. For SPAC trackers, it signals the de-SPAC entity is navigating ongoing capital needs and Nasdaq listing compliance rather than any new trust, extension, or redemption event.
Show the other 10 filings
What changed: Cardio Diagnostics Holdings, Inc., the Mana Capital Acquisition Corp. successor, filed a preliminary proxy for a virtual annual meeting on Friday, September 18, 2026 at 11:00 a.m. Central Time, with a July 31, 2026 record date and a notice of internet availability to be mailed on or about August 7, 2026. Among the proposals is approval under Nasdaq Rule 5635(d) of issuing securities convertible into or exercisable for common stock equal to 20% or more of the shares outstanding in a non-public transaction or series of transactions. Similar approvals were sought in 2023 and 2024. Why it matters: Seeking the same Nasdaq 20% authorisation for a third consecutive year tells a holder how this company funds itself: through repeated private issuances of convertible securities, each requiring shareholder consent because each exceeds a fifth of the share count. Approval hands management standing authority to issue below market in non-public transactions, and the cumulative effect across three such authorisations is the dilution former MAAQ holders have absorbed. Being preliminary, the terms may change before the definitive proxy.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
Mana Capital 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
from 424B3 0001079973-25-001490
Trading & liquidity
Company profile
Directors & officers
No Form 3/4 ownership filing has been captured for this SPAC yet, so the roster is empty rather than guessed.
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
8 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.
- Dogan Meeshanthiniwith 1 other reporting person on the same schedule20.9% · SC 13D/AJun 28, 2023 stale
- Mana Capital LLC20.0% · SC 13DDec 3, 2021 stale
- Philibert Robertwith 1 other reporting person on the same schedule19.1% · SC 13D/AJun 28, 2023 stale
- Saba Capital Management, L.P.with 1 other reporting person on the same schedule7.2% · SC 13GDec 3, 2021 stale
- BlackRock Inc.4.9% · SC 13G/AMay 8, 2024 stale
- Space Summit Capital LLC0.0% · SC 13G/AFeb 8, 2023 stale
- Weiss Asset Management LPwith 2 other reporting persons on the same schedule0.0% · SC 13G/AFeb 6, 2023 stale
- Feis Lawrence Michaelwith 1 other reporting person on the same schedule0.0% · SC 13G/AOct 28, 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
- Cardio Diagnostics Holdings, Inc. to List on Nasdaq Following Successful Business Combination with Mana Capital Acquisition Corp.
Business Wireundated 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
35 full SEC filing texts archived — searchable, never lost.
- Vault note — MAAQ (Mana Capital Acquisition Corp.)
vault-note · /vault/tickers/MAAQ
- Vault deal note — Cardio Diagnostics Holdings, Inc. (MAAQ)
vault-note · /vault/deals/cardio-diagnostics-holdings-inc
- Ihre Datenschutzeinstellungen
news · consent.yahoo.com
- Cardiologs Raises $15 Million in Series A Funding Led by Alven
news · prnewswire.com
- Ihre Datenschutzeinstellungen
news · consent.yahoo.com
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 2835 (In Vitro & In Vivo Diagnostic Substances). The screen found it by filing SHAPE instead — S-1 2021-10-19 → 8-A12B 2021-11-22 → 424B4 2021-11-24 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 2835 + self-described blank check in 424B4 0001553350-21-001105; 424B 0001553350-21-001105 priced 2021-11-24 under S-1 0001079973-21-001049 (file 333-260360, an offering for cash); common ticker MAAQ off 10-Q 0001079973-22-000958 (2022-08-10); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-260360, which belongs to S-1 0001079973-21-001049 (2021-10-19) — 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 2021-11-24). Ending PROVEN, not inferred: CLOSED per Form 25 0001354457-22-000592 (2022-10-26) — Form 25 filed under 17 CFR 240.12d2-2(a)(3) — the rule for securities that "have come to evidence other securities in substitution therefor", i.e. the shares became the successor's (class: rights & units). EDGAR now files this CIK as "Cardio Diagnostics Holdings, Inc." — the SPAC's own name is kept here and the successor is the target. 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 "Mana Capital LLC" (SEC CIK 0001896528) sourced from Form 3 reportingOwner (10% owner) acc 0001079973-21-001186.
[CLOSED-RENAME] EDGAR CIK 0001870144 records "Mana Capital Acquisition Corp." ending 2022-10-26; the registrant continues as "Cardio Diagnostics Holdings, Inc.". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2022-10-26. No deal value is set — a rename says what was acquired, never for how much. 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.
OTHER -> BIOTECH, on S-4/A 0001079973-22-001293: "Cardio was formed to further develop and commercialize a series of products for major types of cardiovascular disease and associated co-morbidities including co"
BIOTECH -> HEALTHCARE. The quote this segment was SET FROM contradicts it: S-4/A 0001079973-22-001293 (2022-10-05) — "Cardio was formed to further develop and commercialize a series of products for major types of cardiovascular disease and associated co-morbidities". Cardio Diagnostics sells epigenetic DIAGNOSTIC tests for cardiovascular disease. It develops no therapeutic; the word "products" in its own sentence is the test, not a drug. Our own profile agrees — "Health Care / AI-driven cardiovascular epigenetic diagnostics" — and so does Deal.targetSector ("Health Care"). BIOTECH is a drug developer; diagnostics, devices, care delivery and health services are HEALTHCARE — the axis SEGMENT_LEXICON already encodes. Spac.segment untouched: a mandate and a purchase are different facts. integrity A1.