MARX SEC filings, in plain English
Everything Mars 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.
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live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2024-12-23 · unchanged
The clause …“into Amendment No. 5 to the Business Combination Agreement to extend the Outside Date for a second time to December 23, 2024 (the “ Fourth Extension ”). No other changes were made to the Business Combination Agreement. A copy of”…
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: Mars Acquisition Corp. called an extraordinary general meeting for December 5, 2024 at 10:00 AM Eastern Time to approve its ScanTech business combination. Assuming a per-share value of approximately $10.97 based on funds in the Trust Account as of June 30, 2024, total consideration is $172.28 million with no redemptions or $167.53 million at maximum redemption, less Closing Net Debt above $20 million, plus Earnout Shares of up to ten percent of the fully diluted total, estimated at $32.28 million. Why it matters: The $10.97 per-share trust value is the floor, and it is intact. What should concern holders is that the January 30, 2024 extension to November 16, 2024 was granted without the Sponsor depositing any additional funds into the trust, and the October 30 extension to February 16, 2025 came by board resolution rather than a shareholder vote — time keeps being added at no cost to the sponsor and no benefit to holders. The earnout adds up to 10% of the fully diluted company on top.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- not previously extracted2024-12-23
SpacBrain reads this as the agreement may be terminated from 2024-12-23.
The clause “Agreement (the “Fifth Business Combination Agreement Amendment”) to extend the Outside Date to December 23, 2024 in order to facilitate the completion of the Business Combination. See the subsection entitled “ The Business Combination”…
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.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2024-12-23 · unchanged
The clause …“into Amendment No. 5 to the Business Combination Agreement to extend the Outside Date for a second time to December 23, 2024 (the “ Fourth Extension ”). No other changes were made to the Business Combination Agreement. A copy of”…
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.
outside date1 moved
- Outside date
- 2024-09-302024-11-15
SpacBrain reads this as 46 days later than the previous record.
The clause …“Agreement, extending the deadline to consummate the Business Combination (“ Outside Date ”) for a third time to November 15, 2024. In addition, every issued and outstanding Mars ordinary shares (“ Ordinary Shares ”) that is not”…
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.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2024-11-15 · unchanged
The clause …“Agreement, extending the deadline to consummate the Business Combination (“ Outside Date ”) for a third time to November 15, 2024. In addition, every issued and outstanding Mars ordinary shares (“ Ordinary Shares ”) that is not”…
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, combination deadline, going-concern doubt +2nothing moved · 5 with no prior record of ours
- Trust account
- $72.6M · unchanged
- Combination deadline
- 2024-11-16 · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus on opportunities in cryptocurre… · unchanged
- Redeemable shares
- 2.08M · unchanged
The clause …“As of June 30, 2024 and September 30, 2023, the Company had $ 22,836,871 and $ 72,587,820 held in the Trust Account, respectively. Emerging growth company The Company is an “emerging growth company,” as defined in Section 2(a) of the”…
The clause …“combination shall have occurred prior thereto. If Mars cannot complete the Business Combination by November 16, 2024, we will need to extend the period of time to consummate a business combination up to two times, each by an”…
The clause …“within the Combination Period as described above. As a result, there is substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statement are issued or are”…
The clause …“Shareholders’ Equity (Deficit) $ 23,101,425 $ 72,915,777 (1) Excludes 2,081,432 and 6,900,000 shares subject to possible redemption as of June 30, 2024 and September 30, 2023, respectively . The accompanying notes are an”…
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 2024-02-15trust $73.6M → $72.6M -1%deadline 2025-05-16 → 2024-11-16shares 6.90M → 2.08M -70%
trust account, combination deadline, redeemable shares +23 moved · 2 with no prior record of ours
- Trust account
- $73.6M$72.6M
- Combination deadline
- 2025-05-162024-11-16
- Redeemable shares
- 6.90M2.08M
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus on opportunities in cryptocurre… · unchanged
SpacBrain reads this as $989,905 left the trust between the two filings.
The clause …“As of March 31, 2024 and September 30, 2023, the Company had $ 22,534,939 and $ 72,587,820 held in the Trust Account, respectively. Emerging growth company The Company is an “emerging growth company,” as defined in Section 2(a) of the”…
SpacBrain reads this as 181 days earlier than the previous record.
The clause …“combination shall have occurred prior thereto. If Mars cannot complete the Business Combination by November 16, 2024, we will need to extend the period of time to consummate a business combination up to two times, each by an”…
SpacBrain reads this as 4,818,568 shares are no longer redeemable.
The clause …“Shareholders’ Equity (Deficit) $ 22,878,358 $ 72,915,777 (1) Excludes 2,081,432 and 6,900,000 shares subject to possible redemption as of March 31, 2024 and September 30, 2023, respectively The accompanying notes are an integral”…
The clause …“within the Combination Period as described above. As a result, there is substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statement are issued or are”…
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.
outside date1 moved
- Outside date
- 2024-05-152024-09-30
SpacBrain reads this as 138 days later than the previous record.
The clause …“into Amendment No. 3 to the Business Combination Agreement to extend the Outside Date for a second time to September 30, 2024 (the “ Second Extension ”). No other changes were made to the Business Combination Agreement. A copy of”…
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.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2024-09-30 · unchanged
The clause …“into Amendment No. 3 to the Business Combination Agreement to extend the Outside Date for a second time to September 30, 2024 (the “ Second Extension ”). No other changes were made to the Business Combination Agreement. A copy of”…
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 2023-07-20trust $71.6M → $73.6M +3%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $71.6M$73.6M
- Combination deadline
- not previously extracted2025-05-16
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus on opportunities in cryptocurre… · unchanged
- Redeemable shares
- 6.90M · unchanged
SpacBrain reads this as $1,945,324 was added to the trust between the two filings.
The clause …“ $ 131,140 $ 178,793 Prepaid expenses 91,071 149,164 Investments held in trust account 73,577,725 72,587,820 Total Assets $ 73,799,936 $ 72,915,777 LIABILITIES AND SHAREHOLDERS’ EQUITY ”…
The clause …“extend the deadline by an additional three months, up to two more times, to May 16, 2025. We may need to obtain additional financing if we become obligated to redeem a significant number of our public shares upon another extension or”…
The clause …“within the Combination Period as described above. As a result, there is substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statement are issued or are”…
The clause …“and Shareholders’ Equity $ 73,799,936 $ 72,915,777 (1) Excludes 6,900,000 shares subject to possible redemption as of December 31, 2023 F-4 Table of Contents MARS ACQUISITION CORP. STATEMENTS OF OPERATIONS (UNAUDITED) ”…
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.