MKLY SEC filings, in plain English
Everything McKinley has filed with the SEC that we hold — 40 filings, newest first, 38 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: The filing is a Form 425 submitting a press release issued by Space-Eyes, Inc. on August 26, 2026, which announces that Space-Eyes has entered into a purchase option agreement granting it the exclusive right to acquire 100% of KMS Solutions, LLC. The document states that financial details were not disclosed and that the option may be exercised through December 31, 2026, subject to the completion of Space-Eyes’ proposed business combination with McKinley Acquisition Corporation. The filing does not report any changes to the redemption deadline (2027-02-13), trust value, or extension terms. Why it matters: This filing discloses a strategic expansion by the target company, Space-Eyes, involving an exclusive option to acquire KMS Solutions, a U.S. Navy engineering services provider. While this transaction is contingent upon the successful closing of the merger with McKinley, it represents a material development in the target's business strategy and potential post-combination operations. Investors should note that the acquisition is not yet consummated and depends on the effectiveness of the related registration statement for the McKinley deal.
What changed: This is a Form 425 filing containing a press release and prospectus communication filed by McKinley Acquisition Corp. to announce four post-combination board appointments for Space-Eyes, Inc., and to reiterate transaction mechanics, valuation assumptions, and forward-looking risk disclosures in connection with their pending business combination. The filing confirms the parties entered a definitive business combination agreement on July 31, 2026, and expects closing in the fourth quarter of 2026. It restates that McKinley holds approximately $176.7 million in its trust account and that the parties have sourced up to $75 million in PIPE financing. It specifies that pro forma valuations imply an equity value of $638 million and an enterprise value of $370 million, deriving these numbers assuming no redemptions from the trust and receipt of the initial $5 million tranche of PIPE financing. The document does not alter the existing redemption deadline, seeks no trust extension, leaves the redemption mechanism unchanged, and notes the combined company will list as CUAS on Nasdaq subject to exchange approval. Why it matters: The press release, issued by Space-Eyes, attributes its commercial trajectory to an AI-powered geospatial intelligence platform named CATE, covering counter-UAS, defense, security, and space-based applications. Capt. Jatin Bains, founder and CEO of Space-Eyes, states the board appointments reflect capabilities required to scale a defense and intelligence technology firm. Incoming director James Reese claims the company is constructing an integrated intelligence layer for mission protection. Professor Harbir Singh claims Space-Eyes possesses a common technology foundation capable of supporting multiple products. Norm Christensen claims the platform operates flexibly across sensors and mission sets. Terry Meguid claims the convergence of national security and artificial intelligence requires strict capital allocation and governance. The filing materializes the capital stack for redemption calibrations by anchoring the stated valuations ($638 million equity, $370 million enterprise) to the documented $176.7 million trust balance and up to $75 million PIPE, while explicitly warning that shareholder redemptions, regulatory approvals, and contract timing remain conditional. Investors tracking cash flow dilution or funding shortfalls should monitor whether actual redemptions reduce the trust below the modeled parameters before the fourth quarter 2026 close.
pipenothing moved · 1 with no prior record of ours
- PIPE
- not previously extracted$176.7M
The clause …“private investment in public equity financing. McKinley holds approximately $176.7 million in its trust account, and the parties have sourced up to $75 million in PIPE financing, in each case subject to the terms and conditions of 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: Quarterly report on Form 10-Q for the period ended June 30, 2026, filed August 13, 2026, by McKinley Acquisition Corporation, a blank-check company. The 10-Q discloses the July 30, 2026 entry into a definitive Business Combination Agreement with Space-Eyes, Inc. for a de-SPAC merger valuing the combined company at $275 million (company equity value). It also describes a PIPE financing of up to $83.66 million (net $75 million) from JBA Asset Management. Trust value increased to $10.33 per share as of June 30, 2026 (from $10.15 at year-end), with $178.2 million in trust. The company recorded a net income of $899,136 for Q2 2026 and $2.19 million for the six months, driven by trust interest. The sponsor agreed to vote in favor and waive redemption rights. Earn-out shares of up to 8 million shares based on stock price milestones are included. The company also disclosed a going concern uncertainty if the business combination does not close within the 18-month deadline (February 2027). Why it matters: This is the first public disclosure of a definitive deal target, valuation, and financing structure, which is the most material event for SPAC shareholders. Investors can now assess the target (Space-Eyes, an earth observation/space technology company), the PIPE terms, sponsor conduct, and trust per share above $10.00. The filing also provides the latest trust value, redemption mechanics, and timeline, all critical for redemption decisions ahead of the shareholder vote.
What changed vs 2026-05-15trust $176.7M → $178.2M +1%trust account, going-concern doubt1 moved · 1 with no prior record of ours
- Trust account
- $176.7M$178.2M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $1,528,089 was added to the trust between the two filings.
The clause …“— 8,026 Total current assets 1,142,544 1,743,068 Non-current assets: Cash held in Trust Account 178,185,780 175,137,749 Prepaid expenses – non-current 7,767 41,240 Total non-current assets 178,193,547 175,178,989 Total Assets $”…
The clause …“assessment of going concern considerations in accordance with ASC 205-40, Going Concern Considerations, as of June 30, 2026, the Company does not have sufficient liquidity to meet its obligations for a reasonable period of time”…
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: A Limited Power of Attorney (Exhibits A and B) attached to a Schedule 13G submission, executed to appoint an authorized agent for regulatory filings. The filing contains no updates regarding MKLY’s redemption deadlines, trust value per share, extension provisions, target deal progress, or sponsor conduct. According to the Power of Attorney executed by Shuji Matsuura, Adam Hopkins, and affiliated executives on 8-13-2026, the instrument solely delegates authority to complete and timely file Form 13G and related SEC submissions under Sections 13(d) and 13(g). The document also lists three affiliated entities—Mizuho Bank, Ltd. (classified as a non-U.S. institution equivalent to Bank at 1-5-5, Otemachi, Chiyoda-ku, Tokyo 100-8176, Japan), Mizuho Americas LLC (a parent holding company at 1271 Avenue of the Americas, NY, NY 10020, USA), and Mizuho Securities USA LLC (a registered Broker-Dealer at 1271 Avenue of the Americas, NY, NY 10020, USA)—and records their respective signatories’ titles. As stated by the executing parties, the text makes no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Why it matters: Investors tracking redemption windows, trust account composition, extension voting, merger execution, or sponsor fidelity will find no mechanical shifts or operational disclosures. Because the filing functions exclusively as a routine compliance exhibit delegating signature authority for statutory ownership reporting, it carries no material implication for deal progression, capital structure, or shareholder rights. As confirmed by the drafting and signing authorities, it requires no action beyond administrative SEC submission.
What changed: This is a Form 8-K filed by McKinley Acquisition Corporation (the SPAC) under Rule 425, announcing the entry into a definitive Business Combination Agreement with Space-Eyes, Inc. The filing incorporates the full text of the underlying Business Combination Agreement and related ancillary documents (Stockholder Support Agreement, Sponsor Support Agreement, Registration Rights and Lock-Up Agreement, a Securities Purchase Agreement for a PIPE financing, a form of Senior Secured Convertible Note, a form of Warrant, and a joint press release). McKinley announced a de-SPAC transaction with Space-Eyes. The key mechanics are: (i) McKinley will domesticiate from a Cayman Islands entity to a Delaware corporation; (ii) Merger Sub will merge into Space-Eyes, with Space-Eyes surviving as a wholly-owned subsidiary of McKinley; (iii) The combined company will be renamed 'Space-Eyes, Inc.' and is expected to trade under the ticker CUAS; (iv) The aggregate consideration to Space-Eyes stockholders is $275,000,000 worth of SPAC stock, valued at $10.00 per share, plus up to 8,000,000 earn-out shares triggered by VWAP milestones ($12.50, $15.00, $17.50). (v) The Outside Date for closing is April 30, 2027. (vi) The trust/share is $10.00; the trust has no less than $172,500,000. (vii) The sponsor, McKinley Partners LLC, has agreed to vote its shares in favor and abstain from redemption. (viii) A PIPE investment of up to $75 million (in two tranches) was sourced from JBA Asset Management (manager of HBC Investment Ltd.), structured as senior secured convertible notes (10% interest, maturing 2031) and warrants (exercise price $12.00). Why it matters: This filing is the definitive announcement of the long-anticipated business combination between SPAC MKLY and Space-Eyes. It locks in the enterprise value, equity value, and deal structure, including a comprehensive PIPE financing from a notable institutional manager (HBC / JBA Asset Management) that includes a secured note structure with a control account. The sponsor has locked up its founder shares for one year, and key Space-Eyes stockholders have signed support agreements and agreed to lock-ups. The filing provides deep detail on the target's business (AI-driven C-UAS, geospatial intelligence), revenue model (sole-source production contracts), and government contracting posture. For investors tracking redemptions, the $10.00 trust value and the sponsor's commitment not to redeem are positive signals. The document establishes the new deadline (April 30, 2027) and sets up the process for the S-4 proxy and shareholder vote.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2027-04-30 · unchanged
The clause …“the agreement by written notice if the closing has not occurred on or before April 30, 2027 (the “ Outside Date ”), provided that the right to terminate on this basis is not available to any Party that either directly or indirectly”…
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: An 8-K filed to announce a definitive business combination agreement (merger agreement) and related agreements, entered into between SPAC McKinley Acquisition Corp and target Space-Eyes, Inc on July 30, 2026. Definitive deal has been announced. Key terms include: purchase consideration of $275MM equity value ($10.00/share reference); earn-out of up to 8MM additional shares; PIPE commitment from JBA Asset Management for up to ~$83.66MM principal / ~$75MM net (senior secured convertible notes and warrants); Sponsor waives redemption rights; trust value disclosed as no less than ~$172.5MM as of agreement date ($10.00/share trust); outside termination date Apr 30, 2027; closing conditions include shareholder approval, S-4 effectiveness, Hart-Scott-Rodino clearance, Nasdaq listing. Why it matters: This filing sets a concrete redemption/valuation baseline and deadline for investors: trust value ~$10/share, outside termination Apr 30 2027, estimated close Q4 2026. The PIPE terms (10% notes due 2031, convert at lower of $12.00 or 120% of merger close price; warrant exercise $12.00) define the floor/term structure. Space-Eyes claims it delivers AI-driven C-UAS and geospatial intelligence.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- not previously extracted2027-04-30
SpacBrain reads this as the agreement may be terminated from 2027-04-30.
The clause …“the agreement by written notice if the closing has not occurred on or before April 30, 2027 (the “ Outside Date ”), provided that the right to terminate on this basis is not available to any Party that either directly or indirectly”…
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: Form 425 prospectus communication containing a joint press release announcing a definitive business combination agreement between McKinley Acquisition Corp. and Space-Eyes, Inc. FIRST, this filing is a Form 425 submission accompanied by a joint press release that finalizes the merger agreement, targets a fourth quarter 2026 close, and designates the combined company to trade on Nasdaq under the ticker symbol CUAS. SECOND, regarding redemption and trust mechanics, the press release confirms McKinley holds $176.7 million in trust capital, explicitly anchors the $638 million implied pro forma equity valuation to a zero-redemption assumption, locks in a $75 million PIPE ($5 million initial tranche, up to $70 million in subsequent closings), requires issuance of shares equal to 9.9 percent of post-merger common stock to PIPE buyers, imposes first-priority security interests on substantially all assets of both entities, and details convertible note terms including 10 percent annual interest, a 2031 maturity, warrants exercisable at $12.00 per share, and a conversion rate based on the lower of $12.00 or 120 percent of the closing stock price, while leaving the existing February 13, 2027 trust deadline unchanged. THIRD, concerning substantive claims, Capt. Jatin Bains (CEO and founder of Space-Eyes) asserts two decades of technology development, while the company describes its proprietary CATE AI fusion engine integrating radar, RF, EO/IR, and satellite inputs to produce sensor-agnostic counter-drone platforms and geospatial intelligence covering maritime awareness, wildfire detection, and satellite command and control; they claim progression from prototype deployments to large-scale sole-source production contracts. Peter Wright (CEO of McKinley Acquisition Corp.) labels autonomous defense a secular trend with strong investor demand. Eric Trump is named as an investor and strategic adviser. Clear Street LLC acts as lead advisor and placement agent, with Alexander Capital as co-adviser and placement agent. The document forecasts ongoing market growth for geospatial intelligence and C-UAS applications but provides no specific historical revenue, profit metrics, or executed contract dollar amounts. Why it matters: Tethering the $638 million equity valuation explicitly to a non-redemption baseline against $176.7 million in trust capital directly determines post-closing shareholder economics and liquidation hierarchy. The PIPE dilution mechanics, asset liens, and warrant/note structures establish complex capital stack exposures that influence the net value available to remaining public shareholders upon a redemption decision. The Q4 2026 closing anchor fixes the proxy mailing and redemption deadline window, while the complete reliance on forward-looking engineering roadmaps and market sizing—absent audited financials or binding contract values—means the filing primarily recalibrates the risk-reward calculus rather than providing verified operating performance.
What changed: Form 425 filed by McKinley Acquisition Corporation pursuant to Rule 425, comprising a ~60-second broadcast commercial script transcript and two televised interview transcripts soliciting market interest ahead of the proposed business combination with Space-Eyes, Inc. Nothing changed regarding redemption mechanics, trust value, extension timelines, or sponsor conduct. The filing confirms only that McKinley expects to file a Registration Statement on Form S-4 containing a preliminary proxy statement/prospectus, which will be mailed to MKLY shareholders to solicit votes on the Business Combination. Why it matters: It outlines the immediate regulatory next step (S-4 drafting and proxy distribution) without amending shareholder protection terms or the 2027-02-13 deadline. Substantively, McKinley Executive Chairman Adam Dooley and CEO Peter Wright outline an investment approach centered on capital attraction and domestic re-shoring, while stating overseas deployments will require ITAR authorization. Space-Eyes, Inc. founder and board chairman Captain Jayton S. Baines, COO Dylan Monroe, and president of national security Derek Gordon claim their Morpheus platform exploits drone communication protocols to track operators, neutralizes swarm attacks by taking down one unit every couple of seconds via protocol hacks, employs ultrasonic acoustics against lower-TRL fiber optic drones, and targets multi-domain dominance from subsurface naval operations to space. They note China commands 1700 drones with a single controller, warn that a $300 commercial drone threatens borders and stadiums, reference past selection among eight firms for Colorado Springs’ Catalyst Campus incubator, and anticipate R&D acceleration through new initiatives in places like Huntsville, Alabama. These commercial and operational claims do not modify the merger agreement, redemption pricing, or trust account mechanics.
What changed: Form 8-K current report under Item 5.02 concerning director appointments and compensatory arrangements. According to the filing, Class B ordinary share holders appointed Joseph Shaposhnik as an additional independent director and Class I Director on May 14, 2026, making him eligible for election at the first annual general meeting. The board assigned him to the Audit Committee and Compensation Committee. The registrant states Shaposhnik will receive interests in McKinley Partners, LLC, the Company’s sponsor, for his directorial service. These changes affect board composition and sponsorship economics but do not alter the redemption calendar, trigger extensions, or change the February 13, 2027 termination deadline. Why it matters: The filing reports Shaposhnik’s background founding Rainwater Equity (which invests in recurring revenue businesses), creating TCW Group’s New America unit, covering semiconductor and entertainment software industries at Fidelity Investments, and earning degrees from UC Berkeley and UCLA Anderson. Expanding the board reinforces oversight capacity for financial controls and executive pay decisions prior to any merger vote. Because Shaposhnik’s compensation consists of sponsor units rather than fixed cash fees, his financial alignment rests exclusively with McKinley Partners, LLC, a governance feature investors evaluate when monitoring sponsor conduct and incentive misalignment during deal negotiations. The document contains no information regarding prospective target businesses, customer relationships, historical revenue, projected market size, strategic technology roadmaps, or pending litigation.
What changed: Securities and Exchange Commission Schedule 13G/A beneficial ownership report. The provided excerpt lists Verition Fund Management LLC and Maounis Nicholas Matthew as filing parties for an amended Schedule 13G. It contains no share quantities, ownership percentages, transaction dates, acquisition or disposition mechanics, or description of the security class covered. Why it matters: Absent numerical disclosures or threshold-crossing statements, the filing does not alter the February 13, 2027 redemption/extension deadline, any trust account valuation, the execution timeline of the announced business combination, or sponsor conduct. The amendment appears to be a routine compliance update to prior ownership filings rather than a material event affecting redemption investor rights or deal mechanics.
What changed: Quarterly Report (Form 10-Q) for McKinley Acquisition Corporation for the period ended March 31, 2026, including unaudited financial statements and management's discussion and analysis. The filing is the first quarterly report since the SPAC's IPO. It reveals the trust value grew from $175.1 million to $176.7 million due to $1.5 million in interest income, resulting in a redemption value of $10.24 per share. The company reported net income of $1.3 million. It also discloses a going concern qualification due to insufficient liquidity to meet its obligations for one year from the filing date, though management expects to address this through a business combination. The SPAC is still searching for a target and has not yet announced a deal. Why it matters: The trust value accretion is routine for a newly-public SPAC. The key items are the going concern qualification, which is a standard caution for pre-deal SPACs as they burn cash without revenue, and the disclosure that no deal has been announced, confirming the 'DEAL_ANNOUNCED' status from the header is not yet accurate. The filing also corrects a prior period error in deferred underwriting commissions (increased by $675,000 to $5.175 million), which is a notable detail for accounting accuracy. The $1.4 million cash burn rate (from $1.66 million at year-end to $1.41 million) gives a sense of the quarterly operating costs.
What changed vs 2025-11-13trust $173.5M → $176.7M +2%trust account, going-concern doubt, redeemable shares1 moved · 2 with no prior record of ours
- Trust account
- $173.5M$176.7M
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 17.3Mnot matched in this filing
SpacBrain reads this as $3,206,012 was added to the trust between the two filings.
The clause …“party 8,026 Total current assets 1,548,967 1,743,068 Non-current assets: Cash held in Trust Account 176,657,691 175,137,749 Prepaid expenses non-current 24,596 41,240 Total non-current assets 176,682,287 175,178,989 Total Assets $”…
The clause …“s assessment of going concern considerations in accordance with ASC 205-40, Going Concern Considerations, as of March 31, 2026, the Company does not have sufficient liquidity to meet its obligations for a reasonable period of time”…
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: A Schedule 13G/A, specifically an amendment to a statement of beneficial ownership of equity securities filed with the Securities and Exchange Commission, submitted by KARPUS MANAGEMENT, INC. and registered under accession number [0001072613-26-000432]. The excerpt confirms the transmission of a 13G/A amendment by KARPUS MANAGEMENT, INC. but discloses no revised share counts, percentage ownership thresholds, acquisition or disposition dates, or trigger conditions. Because it omits quantitative movement or covenant language, it introduces no measurable force on near-term redemption windows, adjusts no projections for net trust assets, proposes no amendment to a business combination extension timeline, registers zero due diligence advances toward a de‑SPAC transaction, and implicates no shifts in sponsor fiduciary behavior. Why it matters: Attributed solely to the provided excerpt, the filing contains no assertions regarding customer bases, revenue streams, addressable market sizing, corporate strategy, technology infrastructure, partner alliances, pending litigation, or executive personnel changes. Operating strictly as a routine procedural compliance record without appended schedules, explanatory footnotes, or conditional tender guidance, it offers no material catalyst to investors monitoring capital deployment horizons, liquidity mechanics, or M&A execution velocity. The submission functions as an administrative baseline rather than a driver of portfolio rebalancing or redemption decisioning.
What changed: Form 10-K annual report for McKinley Acquisition Corporation, a blank-check company, for the fiscal year ended December 31, 2025. First annual report since IPO. Cash in trust $175,137,749 ($10.15 per public share). No business combination target identified and no substantive discussions engaged. Deadline to complete a business combination is 18 months from IPO closing (August 13, 2025), i.e., by February 13, 2027 (or 24 months if a definitive agreement is signed within 18 months). Auditor includes a going-concern explanatory paragraph. Net income of $2,022,720 from interest on trust. Accumulated deficit of $2,303,752. Sponsor, officers and directors waived redemption rights and have agreed to vote in favor. No forward purchase agreements or backstop arrangements in place. No material litigation. Why it matters: Establishes baseline trust value and deadline. Confirms the SPAC has not yet identified a target despite being in the market since August 2025. The going-concern note signals that without a business combination the company will liquidate. Trust per-share value of $10.15 exceeds the nominal $10.00 due to interest, providing a small buffer for redeeming shareholders. No deal progress as of the filing date contradicts any 'DEAL_ANNOUNCED' status; investors should verify current status from later filings.
What changed: This document is an amended Schedule 13G, formally classified as a beneficial ownership report, submitted by Highbridge Capital Management, LLC. The provided excerpt lists only the filing designation, SEC accession number, and reporting entity. It discloses no adjusted share counts, beneficial ownership percentages, or acquisition/disposition dates. As an “A” amendment, it modifies a prior Section 13(g) submission, but the specific numerical changes are not contained in the supplied text. Bearing on SPAC mechanics, the filing reveals nothing regarding redemption thresholds, trust account status, extension voting, business combination deal progress, or sponsor conduct. Why it matters: Absent quantified holdings or transaction timestamps, the submission cannot be leveraged to assess redemption pressure, trust liquidity trajectories, or timeline feasibility relative to the referenced 2027-02-13 deadline. The document contains no assertions regarding customer concentration, revenue metrics, addressable market dimensions, strategic roadmaps, proprietary technology, commercial alliances, active litigation, or executive succession. It does not introduce new contractual provisions, financial commitments, or operational disclosures, and therefore does not materially alter existing position sizing, redemption modeling, or underwriting assumptions.(flagged for human review)
What changed: Routine compliance exhibit: Schedule 13G beneficial ownership report. The filing identifies Karpus Management, Inc. as the reporting holder. Regarding mechanics, it establishes a beneficial ownership threshold but provides zero information on redemption deadlines, trust account valuation, extension timelines, deal progression, or sponsor conduct. The sole numerical references are the SEC accession number [0001072613-26-000166] and the filing date 2026-02-13. Why it matters: As a standard regulatory submission focused exclusively on equity stakes, it does not impact capital preservation, redemption windows, business combination status, or sponsor governance. The document contains no claims attributed to management, advisors, or third parties regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel, meaning there is no new operational or financial substance to integrate with the existing parameters.
What changed: Schedule 13G/A, an amendment to a beneficial ownership report filed pursuant to Section 13(d) of the Securities Exchange Act. The provided excerpt identifies only the reporting persons—Wealthspring Capital LLC and Matthew Simpson—and contains no share quantities, purchase or sale prices, acquisition or disposition dates, or percentage thresholds. Consequently, it discloses no new terms, modifies no redemption deadline, leaves trust valuations untouched, records no extension motions, reports no advancement in deal execution, and updates no information regarding sponsor conduct relative to the merger timeline. Why it matters: A 13G/A is typically required when a holder crosses a material reporting threshold, acquires or disposes of a significant block, changes control status, or amends prior disclosure errors. Because the text supplies zero numerical data, it provides no basis to determine whether the holders have increased, decreased, or pledged equity stakes ahead of the announced business combination. Without quantified disclosures, the filing cannot signal shifting capital allocation preferences toward redemption or support for the target transaction. No additional substantive claims appear in the excerpt; therefore, no assertions regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel are present, and no attributions are applicable.
What changed: A Schedule 13G beneficial ownership report submitted by HIGHBRIDGE CAPITAL MANAGEMENT LLC under SEC docket 0000902664-25-004958. The filing identifies HIGHBRIDGE CAPITAL MANAGEMENT LLC as a reporting holder, but the provided text contains no statements regarding redemption activity, trust account valuation, extension mechanisms, merger timeline, or sponsor conduct. The document does not disclose any adjustments to shareholder rights, capital structure, or business combination milestones. Why it matters: For investors tracking MKLY’s 2027-02-13 deadline, trust preservation, or sponsor fidelity, this document offers no operational or mechanical updates. It serves strictly as a routine Section 13(d) registry notice confirming Highbridge Capital Management LLC’s ownership position, with no stated implications for redemption pressure, warrant exercise, or target integration.
What changed: A Joint Filing Agreement pursuant to Rule 13d-1(k) attached to a Schedule 13G beneficial ownership report for the Class A Ordinary Shares of McKinley Acquisition Corp. Verition Fund Management LLC and Nicholas Matthew Maounis executed a joint filing agreement on November 14, 2025, consolidating their Schedule 13G disclosures for MKLY securities under Rule 13d-1(k), with William Anderson signing as CFO for Verition and Nicholas Maounis signing individually. The filing contains no adjustments to redemption mechanics, no restatement of the per-share trust account balance, no proposal to extend the business combination timeline, no update on target due diligence or merger closing, and no commentary on sponsor conduct. Beyond the regulatory coordination between the two holders, the document contains no claims regarding customer concentrations, revenue multiples, total addressable market sizes, commercialization strategies, proprietary technology, vendor or strategic partnerships, pending litigation, or executive appointments. Why it matters: This exhibit is a procedural compliance attachment rather than a substantive corporate announcement. For shareholders monitoring capital structure defenses and deal timelines, the filing confirms that Verition and Maounis operate under a single reporting umbrella for their MKLY positions, which streamlines future disclosure obligations under Rule 13d-1(k) but does not disclose aggregate share counts, purchase prices, or intent to exercise appraisal rights or vote against a deSPAC transaction. Without the accompanying Schedule 13G cover page, the filing provides no data to model voting alignment, redemption pressure, or financial backing for a proposed business combination. Investors tracking potential extension votes or sponsor funding commitments should await proxy solicitations, 13D amendments, or management letters that directly address capital calls or combination deadlines.
What changed: A Joint Filing Agreement pursuant to Rule 13d-1(k) attached as Exhibit 99.1 to a Schedule 13G beneficial ownership report. The filing contains no modifications to redemption calendars, trust account valuations, extension mechanisms, announced deal progress, or sponsor conduct. It exclusively establishes a coordinated disclosure framework among LMR Partners LLP, LMR PARTNERS Ltd, LMR Partners LLC, LMR PARTNERS AG, LMR PARTNERS (DIFC) Ltd, LMR Partners (Ireland) Limited, Ben Levine, and Stefan Renold for their November 14, 2025 Schedule 13G submission. Why it matters: For investors monitoring liquidation timelines, trust NAV fluctuations, or merger execution milestones, this document is mechanically inert. The agreement stipulates that each signatory independently bears responsibility for the completeness and accuracy of information pertaining to themselves, while explicitly disclaiming liability for the other filers’ disclosures. It verifies standard regulatory alignment across the LMR Partners global network but adds no substantive data regarding shareholder voting intentions, cash retention, or business combination catalysts.
What changed: A Schedule 13G beneficial ownership report identifying AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC as the reporting holders for the listed equity securities. The provided excerpt lists only the SEC form designation, the filing identifier [0001167557-25-000049], the three AQR entity names, and the date 2025-11-13. It contains no share quantities, percentage ownership thresholds, acquisition dates, purchase prices, or statements of purpose. Accordingly, the filing discloses no adjustments to redemption exposure, trust distribution mechanics, deadline extension negotiations, business combination milestones, or sponsor governance or conduct. Why it matters: Because the excerpt omits all numerical holdings and investment intent, it cannot confirm whether a statutory reporting threshold was crossed, whether the entities are maintaining positions for index tracking, passive allocation, or active SPAC arbitrage, or whether funds will be held or redeemed ahead of the 2027-02-13 deadline. The text makes no claims regarding customers, revenue, market size, competitive strategy, technology, partnerships, litigation, or personnel. Without quantitative disclosure or strategic commentary, the entry does not shift shareholder redemption calculations, alter trust value preservation expectations, or impact the target integration timeline until a complete filing containing share counts, acquisition dates, and purpose statements is available.
What changed: Quarterly report on Form 10-Q for the period ended September 30, 2025, filed by McKinley Acquisition Corporation (MKLY), a blank check company that completed its IPO on August 13, 2025. Trust account balance per share increased from $10.00 to $10.06 due to interest income of $951,679. No business combination target has been selected or discussed. The company has $1.88M in cash outside trust and working capital of $1.84M. The sponsor still owes $500,000 of the private placement proceeds (recorded as a subscription receivable). Transaction costs of $7.26M were incurred. The company has a going concern uncertainty noted. Why it matters: For investors tracking redemption deadlines, the trust value is $10.06 per share, above the IPO price. The deadline to complete a business combination is 18 months from the IPO closing (August 13, 2025), i.e., February 13, 2027. No extension has been proposed. The going concern statement indicates that if no deal is completed within the timeframe, the company will be forced to liquidate. The outstanding $500k subscription receivable from the sponsor is a minor red flag, but the sponsor has issued a promissory note for it.
trust account, redeemable shares, going-concern doubt +1nothing moved · 4 with no prior record of ours
- Trust account
- not previously extracted$173.5M
- Redeemable shares
- not previously extracted17.3M
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $121Knot matched in this filing
The clause …“related party 30,478 Total current assets 2,004,482 Non-current assets: Cash held in Trust Account 173,451,679 Prepaid expenses non-current 58,253 Total non-current assets 173,509,932 Total Assets $ 175,514,414 Liabilities, Class A”…
The clause “239,000,000 shares authorized; 540,000 shares issued and outstanding (excluding 17,250,000 shares subject to possible redemption) 55 Class B ordinary shares, $ 0.0001 par value; 10,000,000 shares authorized; 6,543,103 shares issued and”…
The clause “014-15, Disclosures of Uncertainties about an Entity s Ability to Continue as a Going Concern, as of September 30, 2025, the Company does not have sufficient liquidity to meet its current obligations which is considered to be one year”…
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: Schedule 13G, an SEC beneficial ownership report identifying Wealthspring Capital LLC and Matthew Simpson as the reporting persons. The provided filing text contains only the regulatory form designation, an accession number, and two holder names. It discloses no share quantities, ownership percentages, acquisition timestamps, or statements of purpose regarding MKLY securities. Consequently, it contains no updates to the February 13, 2027 redemption deadline, the stated per-share trust value, extension procedures, target business progress, or sponsor conduct. Why it matters: While the excerpt omits quantitative holdings and investment intent, a 13G confirms that Wealthspring Capital LLC and Matthew Simpson meet or have met the 5% beneficial ownership threshold triggering this disclosure category. In a SPAC environment, institutional position tracking helps investors anticipate voting alignment, potential redemption pressure, or post-merger support. Because the snippet provides neither exact stakes nor strategic rationale attributed to the holders, the filing does not currently shift the redemption calendar, trust dynamics, or deal timeline.
What changed: Quarterly report on Form 10-Q filed by McKinley Acquisition Corp for the period ended June 30, 2025 — a newly formed SPAC's first quarterly report covering formation, pre-IPO financials, and the IPO/private placement/over-allotment as subsequent events; it contains no merger agreement, target announcement, investor presentation, or litigation. The filing reports no business combination target: McKinley states it has not selected a target and has not had any substantive discussions with one. Subsequent to quarter end, it closed its IPO on August 13, 2025 (15,000,000 units at $10.00/unit = $150,000,000), sold 465,000 private placement units at $10.00/unit = $4,650,000, received Clear Street's August 15, 2025 exercise of the full 2,250,000-unit over-allotment = $22,500,000, and placed those over-allotment proceeds in the Trust Account. The standard 18-month Completion Window runs from the IPO closing; no extension vote or redemption deadline change appears. The disclosure also sets out up to 853,448 Class B founder shares subject to forfeiture depending on over-allotment exercise, 200,000 founder shares transferred to Clear Street, potential bonus shares to Clear Street, and representative shares. Why it matters: For deadline/trust tracking, this 10-Q establishes the initial trust baseline: $150,000,000 deposited at IPO closing plus $22,500,000 over-allotment proceeds to trust, with $10.00 per public share initially anticipated. It confirms there was no target or substantive deal discussions as of this filing, which is significant if the tracking status shows DEAL_ANNOUNCED. It also documents sponsor terms — redemption/liquidation waivers, voting commitment, forfeiture mechanics, and underwriter/related-party transfers — that bear on sponsor conduct and future redemption economics.
What changed: A routine compliance exhibit classified internally as a Form 3 insider ownership report. The filing records that McKinley Partners LLC - Delaware, designated as a 10% owner, holds 6,763,103 shares directly. On the specific mechanics you track—redemption deadlines, trust value, extensions, deal progress, and sponsor conduct—the document reports zero changes. There are no amendments to charter provisions, no board actions regarding date extensions, no target company disclosures, no pricing negotiations, and no sponsor conduct allegations or resolutions. The record was generated by McKinley Acquisition Corp for the SEC; no external principals, advisors, or executives authored or attributed statements. Why it matters: Although mechanically silent on your calendar, this initial ownership disclosure anchors the SPAC's equity base at exactly 6,763,103 shares without introducing new lock-ups, market purchases, or conditional financing. Form 3 operates purely as a threshold-triggered administrative report; it does not move securities, alter public float, or modify the liquidation mechanics governing the 2027-02-13 maturity window. The filing contains no claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Every figure—10% owner, 6,763,103 shares—originates exclusively from the issuer's statutory filing obligation, making it an administrative snapshot rather than an operational signal. For investors monitoring redemption pressure or trust preservation, the absence of transactional activity confirms stable foundational positioning with no immediate impact on vote thresholds or business combination timing.
What changed: A Form 8-K current report accompanied by an audited balance sheet, notes to financial statements, and XBRL exhibits documenting the consummation of McKinley Acquisition Corporation’s initial public offering and private placement, along with subsequent over-allotment exercise and related financial disclosures. Per Item 8.01 and Note 1, the registrant consummated its IPO on August 13, 2025, selling 15,000,000 public units at $10.00 per unit for $150,000,000 in gross proceeds. Simultaneously, Note 4 discloses that the sponsor and underwriters purchased 465,000 private placement units at $10.00 per unit ($4,650,000 aggregate). Note 1 confirms that $150,000,000 was deposited into the trust account as of August 13, 2025, with the filing stating the amount is initially anticipated to be $10.00 per public share. Note 7 and Note 10 record that Clear Street formally notified the company on August 15, 2025, of full exercise of its 45-day over-allotment option for 2,250,000 additional units, with delivery completed on August 19, 2025. Note 1 tallies total transaction costs at $7,262,013, consisting of $1,500,000 cash underwriting fee, $4,500,000 deferred underwriting fee, and $1,262,013 other offering costs. The attached balance sheet lists $2,420,478 due from the sponsor as a working capital receivable and a $500,000 share receivable representing undrawn private placement units. The independent auditor, CBIZ CPAs P.C., issued a going concern explanatory paragraph in its August 29, 2025 report, noting the company lacks capital resources to fund operations for a reasonable period and reported formation, general and administrative expenses of $112,895 alongside a matching net loss for the period from inception through August 13, 2025. Why it matters: The filing establishes the mechanical baseline for redemptions: $150,000,000 sits in the trust account, providing the fixed reference pool that determines the per-share redemption price calculated two business days prior to any initial business combination or liquidation vote. By confirming the 18-month completion window begins on the August 13, 2025 closing date, the filing validates the originally stated February 13, 2027 deadline for partner actions or special resolution extensions. Full over-allotment execution permanently fixes the sponsor’s equity position at 6,543,103 Class B founder shares (Note 6 states these were acquired for $25,000, or approximately $0.004 per share), which Note 8 clarifies will represent 20% of post-offering outstanding ordinary shares without forfeiture adjustment. Per Note 1, the sponsor has contractually waived redemption and liquidation rights for its founder shares if a business combination fails, and assumed liability to preserve the trust floor at the lesser of $10.00 per public share or the actual trust balance per share. Because management has not selected a target nor initiated substantive discussions (per Note 1), the completion window continues to run without deal-related catalysts. To address the auditor’s liquidity concerns, Note 6 states the company may rely on working capital loans from the sponsor or affiliates, with up to $1,500,000 potentially convertible into private placement-equivalent units at $10.00 per unit upon a successful business combination.
What changed: Exhibit A, a Joint Filing Agreement attached to a Schedule 13G beneficial ownership report. The listed affiliates—Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Siu Min Wong—have designated Saul Ahn as a common signatory to submit their Schedule 13G statements and future amendments under Rule 13d-1(k). The agreement invokes a Power of Attorney dated June 10, 2019 previously used for Haymaker Acquisition Corp II holdings. This filing does not modify the February 13, 2027 redemption deadline, affect the trust asset composition, propose an extension, accelerate or delay business combination milestones, or alter sponsor conduct. Why it matters: This is a procedural compliance exhibit that consolidates signature authority for a specific investor syndicate, eliminating the need for multiple identical SEC submissions. The text contains no substantive operational, financial, or strategic disclosures. It makes zero claims about customer concentrations, revenue run-rates, total addressable markets, technological infrastructure, partnership structures, active litigation, or leadership transitions. Every assertion originates solely from the signatories acknowledging their joint regulatory obligation. As it addresses only administrative routing for ownership reports, it provides no actionable signal for redemption window management or deal progression.
What changed: Form 8-K reporting the consummation of McKinley Acquisition Corporation's initial public offering (IPO) on August 11, 2025, and the closing on August 13, 2025, including all related agreements. McKinley Acquisition Corp. completed its IPO of 15,000,000 units at $10.00 per unit, raising $150,000,000 in gross proceeds, which were deposited into a trust account ($10.00 per public share). The filing also reports the simultaneous private placement of 465,000 units to the sponsor, Clear Street, and Brookline, and the adoption of amended charter, rights agreement, trust agreement, registration rights, and other standard SPAC documents. The company has not identified any business combination target as of the filing date. Why it matters: This filing establishes the key redemption mechanics: the trust value is $150 million ($10 per public share); the deadline to complete a business combination is 18 months from the IPO closing (August 13, 2025, thus by February 13, 2027), extendable to 24 months if a definitive agreement is signed within the first 18 months. Sponsor founder shares are subject to a one-year lock-up and potential forfeiture based on overallotment exercise. The filing provides complete contractual framework for public shareholders regarding redemption rights, trust protection, and sponsor conduct.
What changed: This document is a Rule 424(b)(4) filing submitting a final prospectus for an initial public offering of 15,000,000 Units by McKinley Acquisition Corporation, a Cayman Islands exempted company incorporated on March 27, 2025. The prospectus first discloses that McKinley Acquisition Corporation remains a blank check entity that has not selected a business combination target and has not initiated substantive discussions with any potential candidate. Why it matters: This prospectus resets the redemption and timeline baseline by confirming no acquisition target exists or is under substantive negotiation, contrary to external status markers. It codifies the precise trust funding level ($150,000,000/$172,500,000), defines the hard 18-to-24-month completion window with explicit extension mechanisms up to 36 months, and documents the mandatory $100,000 dissolution expense carveout.
What changed: A Form 3 insider ownership report (routine compliance exhibit) filed with the SEC by director Dooley Adam for McKinley Acquisition Corp. The filer confirmed 'No non-derivative transactions or holdings reported.' There is no change in beneficial ownership, no impact on trust per-share accounting, no extension activity, and no modification to deal progress or sponsor conduct. The report contains zero recorded purchases, sales, conversions, or grants. Why it matters: Investors tracking pre-combination capital flows or insider alignment receive a neutral data point from this submission. The absence of reported transactions provides no signal regarding director conviction, defensive selling, or derivative positioning ahead of the redemption deadline. The document makes no claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or additional personnel; it serves purely as a statutory status check confirming unchanged director holdings during the reporting window.
What changed: SEC Form 3, an initial statement of beneficial ownership filed to disclose insider equity positions upon appointment to the board or acquisition of significant security holdings. Director Jonathan Rosenzweig’s submission explicitly reports zero non-derivative transactions or holdings. Per the filing text, no shares were purchased, sold, or transferred, leaving the stated insider position entirely static. Why it matters: This routine compliance exhibit maintains current sponsor and director capital alignment without introducing new signals on redemption behavior, extension voting thresholds, or deal financing adjustments. Because the document discloses no transaction volume or equity movement, it does not alter the announced merger timeline, trust distribution mechanics, or MKLY’s operational disclosures. For investors tracking MKLY, the filing confirms unchanged insider positioning ahead of future milestones, providing a clean regulatory baseline rather than actionable guidance for redemption or extension strategies.
What changed: Form 3 – Initial Statement of Beneficial Ownership, a routine SEC compliance exhibit used to publicly register the initial equity positions and transaction activity of a designated insider upon assuming reporting obligations. Filed on August 11, 2025 (SEC accession number 0001213900-25-074585), the document lists Chief Executive Officer Peter Wright as the sole reporting person for McKinley Acquisition Corp. The text explicitly records that there were no non-derivative transactions or holdings reported by Mr. Wright. Accordingly, the filing discloses no alterations to the SPAC’s redemption calendar, trust account mechanics, extension voting procedures, announced deal progress, or sponsor trading behavior. No assertions regarding customer concentration, historical revenue, addressable market size, proprietary technology, strategic partnerships, active litigation, or executive compensation changes are included in the exhibit. Why it matters: While the report contains no forward-looking statements or operational data, it functions as a mandatory transparency baseline for investors tracking insider alignment and liquidity dynamics ahead of the February 13, 2027 trust liquidation deadline. The zero-transaction declaration confirms that CEO Wright did not acquire or divest direct common shares during the filing window, offering a neutral anchor point for evaluating subsequent insider sentiment as the company navigates post-deal execution. Because the form contains no attributed claims from any executive, sponsor representative, or third-party advisor, portfolio managers should await formal merger proxy statements, SEC-registered tender offers, or earnings releases for substantive valuation inputs or contractual targets.
What changed: SEC Form 3 — Initial Statement of Beneficial Ownership (insider ownership report). According to the Form 3 filed by Chief Operating Officer Shah Saurabh on 2025-08-11, he reported zero non-derivative transactions or holdings. The filing leaves the deal-announced status, the publicly disclosed trust share amount, and the 2027-02-13 redemption deadline untouched. It also reveals no changes to sponsor conduct, extension voting mechanics, or shareholder redemption pathways. Why it matters: Because the COO reported no non-derivative equity or warrants, the document offers no visibility into insider capital commitment, lock-up behavior, or operational alignment that could signal confidence ahead of the redemption window. It contains no statements regarding target customers, revenue metrics, market size, strategic direction, technology developments, partnership negotiations, pending litigation, or personnel shifts beyond confirming Saurabh’s executive title. As a routine compliance exhibit, it adds no new variables to the merger timeline, trust valuation, or acquisition execution.
What changed: A Form 3 initial insider ownership reporting statement, classified as a routine compliance exhibit. According to the filing submitted by reporting person Huang Daphne (CFO and Treasurer), the document discloses zero non-derivative transactions or holdings adjustments. The text contains no references to redemption calendar shifts, trust account mechanics, proposed business combination progress, or sponsor conduct modifications. Why it matters: For investors tracking capital alignment and liquidation windows, this confirms the CFO’s equity position remains static, indicating no incremental insider buying or selling ahead of potential shareholder votes. The filing advances neither merger negotiations nor extension procedures, and it contains no forward-looking assertions regarding target company customers, revenue streams, market sizing, operational strategy, proprietary technology, or third-party partnerships. As a standard regulatory disclosure, it provides no new data to recalibrate trust distributions or deadline tracking.
What changed: This document is a routine compliance exhibit: a Form 8-A12B filed on August 11, 2025, registering specific classes of securities pursuant to Section 12(b) of the Securities Exchange Act of 1934 for quotation on The NASDAQ Stock Market LLC. According to the registrant, the filing registers Units each consisting of one Class A ordinary share with a par value of $0.0001 per share and one right; separate Class A ordinary shares with a par value of $0.0001 per share; and Rights entitling the holder to receive one-tenth (1/10) of one Class A Ordinary Share. Why it matters: For investors monitoring redemption deadlines, trust value, extensions, deal progress, and sponsor conduct, this 8-A12B establishes the regulatory pathway for secondary trading by qualifying the units, shares, and fractional-rights for Nasdaq quotation. The registrant attributes all structural definitions to the Prospectus in its initial Registration Statement on Form S-1 filed on June 30, 2025 (File No.
What changed: SEC Form 3, an initial statement of beneficial ownership. The filing explicitly states that no non-derivative transactions or holdings were reported by director Tommaso Breschi, confirming zero equity movement. In terms of mechanics, this routine compliance exhibit bears no relevance to redemption calendars, trust value adjustments, extension proposals, deal execution status, or sponsor conduct. Concerning other substance, the document contains zero claims regarding customer bases, revenue streams, market sizing, corporate strategy, intellectual property, partnership agreements, litigation exposure, or executive personnel changes beyond the director’s initial reporting requirement. Why it matters: For investors monitoring MKLY, this filing introduces no actionable data points, does not alter liquidation timelines, and provides no insight into target company fundamentals or financing structures. It is functionally inert for redemption scheduling or valuation modeling, serving solely as a regulatory placeholder for the director's unreported baseline position.
What changed: FORM 3 — insider ownership report. Mechanically, the filing explicitly states 'No non-derivative transactions or holdings reported.' As a result, reporting person Kevin (director) executed zero share purchases, sales, or adjustments during the reporting window. There are no modifications to insider equity positions, no alterations to the capitalization table affecting redemption calculations, no direct impact on SPAC trust liquidity or extension financing, and no new signals regarding the announced merger execution or sponsor conduct. Why it matters: For investors monitoring the 2027-02-13 deadline, trust preservation, and holder behavior, this routine compliance submission confirms director-level ownership remained completely static. The document contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel movements. Attributed solely to the SEC filing text and the designated reporting person, the unambiguous absence of reported activity indicates that insider conduct is not being used to signal conviction or withdrawal ahead of the stated expiration. Because the submission reports zero movement, it preserves existing structural baselines and provides no additional data points to recalibrate redemption assumptions or deal viability.
What changed: A CORRESP (Correspondence) specifically titled 'Underwriter’s Acceleration Request Letter,' filed with the SEC Division of Corporation Finance by Clear Street LLC acting as underwriter for Mckinley Acquisition Corporation. Per the letter signed by Managing Director Ryan Gerety of Clear Street LLC, the underwriter requested that the SEC exercise authority under Rule 461 to cause the Form S-1 Registration Statement (File No. 333-288439) to become effective on August 11, 2025, at 4:30 p.m., Eastern Standard Time. Why it matters: Accelerating the S-1 effective date shortens the interval before definitive offering materials or merger documents must be delivered, which directly triggers the start of shareholder redemption windows, voting schedules, and settlement timelines for the business combination. While the registration clock moves forward, the substantive mechanics governing how redemptions interact with the $10.33 trust balance, whether automatic extensions apply, or how sponsors negotiate during the run-up remain unaddressed in this correspondence.
What changed: A Rule 461 request for acceleration of effectiveness of a Form S-1 registration statement. Chief Executive Officer Peter Wright, writing on behalf of McKinley Acquisition Corporation, requests that the Securities and Exchange Commission accelerate the effective date of File No. 333-288439 to August 11, 2025, at 4:30 p.m., Eastern Time. The correspondence introduces no amendments to the trust account balance, redemption mechanics, merger conditions, or the February 13, 2027 deadline. Why it matters: The Company states that submitting the acceleration request signals that the Registration Statement has addressed current Securities and Exchange Commission staff feedback and is moving toward final regulatory approval. For shareholders monitoring deal execution, a confirmed mid-August effectiveness date typically precedes the mailing of definitive proxy/prospectus materials, release of committed financing, and the subsequent activation of the redemption or conversion process.
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.