MACC SEC filings, in plain English
Everything Mission Advancement Corp. has filed with the SEC that we hold — 40 filings, newest first, 2 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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live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
- What changed vs 2022-08-09trust $345.4M → $346.7M +0%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $345.4M$346.7M
- Combination deadline
- 2023-03-05 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as $1,305,724 was added to the trust between the two filings.
The clause …“319,279 994,861 Prepaid expenses – non-current portion — 64,422 Investments held in trust account 346,698,074 345,018,988 Total Assets $ 347,017,353 $ 346,078,271 Liabilities, Common Stock Subject to Possible Redemption and”…
The clause …“be one year from the issuance date of the financial statements. The Company has until March 5, 2023, 24 months from the closing of the IPO, to consummate a business combination. It is uncertain that we will be able consummate a”…
The clause …“to it on commercially acceptable terms, if at all. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time, which is considered to be one year from the”…
The clause …“future events. Accordingly, as of September 30, 2022 and December 31, 2021, 34,500,000 shares of Class A common stock subject to possible redemption are presented at redemption value as temporary equity, outside of the stockholders’”…
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: Mission Advancement Corp. called a special meeting for December 6, 2022 at 12:00 p.m. Eastern time to change its termination date from March 5, 2023, being 24 months from the IPO closing, to a board-determined date no later than December 30, 2022, requiring the Company to wind up and redeem all outstanding Public Shares. Redemption pays the trust balance including interest net of taxes payable and up to $100,000 of interest for dissolution expenses. Holders may also elect an Optional Redemption at the same per-share amount before the wind-up. Why it matters: This is an accelerated liquidation rather than an extension: capital returns three months early, operating costs stop, and completing before December 30, 2022 keeps the redemption outside the 1% excise tax window that opens January 1, 2023 — worth roughly ten cents a share at par. For MACC holders the deduction is limited to taxes and up to $100,000 of dissolution costs spread across all shares, so recovery is close to full trust value.
- What changed vs 2022-05-13trust $345.0M → $345.4M +0%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $345.0M$345.4M
- Combination deadline
- 2023-03-05 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as $371,837 was added to the trust between the two filings.
The clause …“393,230 994,861 Prepaid expenses – non-current portion — 64,422 Investments held in trust account 345,392,350 345,018,988 Total Assets $ 345,785,580 $ 346,078,271 Liabilities, Common Stock Subject to Possible Redemption and”…
The clause …“be one year from the issuance date of the financial statements. The Company has until March 5, 2023, 24 months from the closing of the IPO, to consummate a business combination. It is uncertain that we will be able consummate a”…
The clause …“to it on commercially acceptable terms, if at all. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time, which is considered to be one year from the”…
The clause …“future events. Accordingly, as of June 30, 2022 and December 31, 2021, 34,500,000 shares of Class A common stock subject to possible redemption are presented at redemption value as temporary equity, outside of the stockholders’”…
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 2021-11-09trust $345.0M → $345.0M +0%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $345.0M$345.0M
- Combination deadline
- not previously extracted2023-03-05
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as $8,847 was added to the trust between the two filings.
The clause …“567,574 994,861 Prepaid expenses – non-current portion — 64,422 Investments held in Trust Account 345,020,513 345,018,988 Total assets $ 345,588,087 $ 346,078,271 Liabilities, Common Stock Subject to Possible Redemption and”…
The clause …“to be one year from the issuance date of the financial statements. We have until March 5, 2023, 24 months from the closing of the IPO, to consummate a business combination (the “Combination Period”). However, if we are unable to”…
The clause …“to it on commercially acceptable terms, if at all. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time, which is considered to be one year from the”…
The clause …“future events. Accordingly, as of March 31, 2022 and December 31, 2021, 34,500,000 shares of Class A common stock subject to possible redemption are presented at redemption value as temporary equity, outside of the stockholders’”…
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 2021-08-12trust $345.0M → $345.0M +0%shares 31.4M → 34.5M +10%
trust account, redeemable shares, going-concern doubt2 moved · 1 with no prior record of ours
- Trust account
- $345.0M$345.0M
- Redeemable shares
- 31.4M34.5M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $5,210 was added to the trust between the two filings.
The clause …“653,772 41,739 Prepaid expenses – non-current portion 160,535 - Investment Held in Trust account 345,011,666 - Total assets $ 345,825,973 $ 41,739 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable and accrued”…
SpacBrain reads this as 3,114,177 more shares carry a redemption right.
The clause …“occurrence of uncertain future events. Accordingly, as of September 30, 2021, 34,500,000 shares of Class A common stock subject to possible redemption are presented at redemption value as temporary equity, outside of the stockholders’”…
The clause …“to it on commercially acceptable terms, if at all. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time, which is considered to be one year from 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 vs 2021-05-17trust $345.0M → $345.0M +0%going concern APPEAREDshares 30.5M → 31.4M +3%
trust account, going-concern doubt, redeemable shares3 moved
- Trust account
- $345.0M$345.0M
- Going-concern doubt
- not statedstated
- Redeemable shares
- 30.5M31.4M
SpacBrain reads this as $5,154 was added to the trust between the two filings.
The clause …“costs associated with IPO — 41,739 Total current assets 1,207,475 41,739 Cash Held in Trust account 345,006,456 — Total assets $ 346,213,931 $ 41,739 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable and accrued”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“to it on commercially acceptable terms, if at all. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time, which is considered to be one year from the”…
SpacBrain reads this as 876,041 more shares carry a redemption right.
The clause …“the occurrence of uncertain future events. Accordingly, as of June 30, 2021, 31,385,823 shares of Class A common stock subject to possible redemption are presented at redemption value as temporary equity, outside of the stockholders’”…
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: Q1 2021 10-Q for Mission Advancement Corp., a Delaware blank-check in Phoenix whose 5 March 2021 offering of 34,500,000 units placed $345,000,000 in trust. At 31 March 2021 the trust held $345,001,302, invested in mutual funds and valued as a Level 1 asset, against Level 3 warrant liabilities of $23,927,460 valued by Monte Carlo simulation. 30,509,782 Class A shares are carried as redeemable at $305,097,820 against 3,990,218 non-redeemable and 8,625,000 Class B. Net loss for the quarter $1,765,843. Note 2 is a restatement of previously issued financial statements. Why it matters: The restatement is the April 2021 warrant reclassification applied retrospectively, and the $1.77 million quarterly loss is almost entirely its consequence: $864,511 of offering expenses allocated to warrant issuance plus the fair-value movement, against only $265,511 of actual operating cost and $1,302 of trust income. Note for the record that the tracker holds this registrant as 'Mission Acquisition Corp.' while every page of the document says Mission Advancement Corp.; the ticker, state and file number all match, so this is a wrong word in our own name field, not a mismapped filing.
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.