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Monocle Acquisition Corp

MNCL · Nasdaq

Trust settledAerSale Corp · Finished

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 closing figure

No cash-per-share figure was filed for this vehicle before it finished.

Last close

no quote on file

Daily close

Nothing left to claim

this vehicle finished

There is nothing to hand back: holders who wanted cash elected it at the vote, and the rest became shares in the buyer.

Read what happened to the cash

The floor

Trust settled

This SPAC has finished — its trust was paid out or used to close the deal, so there is nothing left to redeem

Read the reasoning behind this verdict

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, listed on Nasdaq in February 2019.
What it's doing now
It agreed to buy AerSale Corp, an aircraft aftermarket services and MRO 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
AerSale Corp — AerSale serves airlines operating large jets manufactured by Boeing, Airbus and McDonnell Douglas and is dedicated to providing integrated aftermarket services and products designed to help aircraft owners and operators to realize …
Industry
Industrials — aircraft aftermarket services and MRO
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
7 February 2019
size not on file
Headquarters
9850 NW 41 STREET, DORAL, FL, 33178
registered in Delaware
Lead underwriter
not extracted from the prospectus yet
Key officers
Tschirhart Benjamin Thomas (See Remarks) · Pizzi Enrique (Chief Information Officer) · Jones Gary Edmund (See Remarks)
Listed securities
MNCL common
Cash held per sharenot filed for this window

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.

Next date that mattersno dated event on file

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.

  1. 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 milestone

Every 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.

  1. 7 February 2019IPOpassed

    IPO size not on file

The deal

terms as filed

What it is buying, on what terms, and how much of the combined company new shares take from you.

  • AerSale Corp—
    closedIndustrials

    What AerSale Corp does — read from aersale.com on 26 August 2026

    AerSale is a global aviation aftermarket service company providing lifecycle management for aircraft, engines, and components. The company offers MRO services, Used Serviceable Material (USM), and proprietary solutions like the AerAware Enhanced Flight Vision System and AerSafe fuel tank ignition mitigation.

    Aviation AftermarketMROAircraft Parts

The score

deterministic, from filed fields

MNCL 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.

Asymmetric return scoreNeither a price nor a cash-per-share figure is on file for this vehicle, and the score is a ratio between the two. Nothing is estimated to fill the gap.

The score is only published for names that carry both a price and a filed cash-per-share figure — 292 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.

See the names that are scored, and how

The company

from SEC filings
Read the full profile

Monocle Acquisition Corp was a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker MNCL. The company priced its IPO on February 7, 2019, under SEC file number 333-228470, with shares registered for cash on Form S-1. It was classified under SEC SIC industry code 5080, Wholesale-Machinery, Equipment & Supplies.

The vehicle completed a business combination and no longer files. Form 25 was filed on December 22, 2020, under 17 CFR 240.12d2-2(a)(3), evidencing that its shares came to represent successor securities, and EDGAR now lists CIK 0001754170 under the name AerSale Corp.

Material findings

from the full read of every filing

Every 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.

  • 10-Q7 August 20260001104659-26-092710opens on sec.gov in a new tab

    The risk list is specific to an asset-trading model: repossession rights, lien value against equipment value, and covenant compliance are the mechanics that determine whether the inventory on this balance sheet is realisable. The financial statements are not in the portion read here.

  • 8-K6 August 20260001104659-26-091978opens on sec.gov in a new tab

    Feedstock purchases fell 79%, so the input to future used-serviceable-material sales was cut at the same time current sales were absent — this is a business whose quarterly result turns on whether an aircraft transaction closes inside the period. Liquidity of $34.0 million against $376.0 million of inventory means the balance sheet is illiquid by construction, and the promised second-half improvement rests on named transactions that have not closed.

Filings

live EDGAR feed

Everything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.

  • 10-Q7 August 20260001104659-26-092710opens on sec.gov in a new tab

    What changed: The 10-Q filed under Commission file number 001-38801 is that of AerSale Corporation (Nasdaq: ASLE) for the quarter ended June 30, 2026, with 47,726,763 shares outstanding as of August 3, 2026. Why it matters: The risk list is specific to an asset-trading model: repossession rights, lien value against equipment value, and covenant compliance are the mechanics that determine whether the inventory on this balance sheet is realisable. The financial statements are not in the portion read here.

    combination deadlinenothing moved · 1 with no prior record of ours
    Combination deadline
    2028-07-24 · unchanged

    The clause …“and borrowing base limitations, and to extend the maturity date to July 24, 2028, subject to certain conditions. The maximum amount of such commitments available at any time for borrowings and letters of credit is determined”…

    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.

  • 8-K6 August 20260001104659-26-091978opens on sec.gov in a new tab

    What changed: AerSale Corporation (Nasdaq: ASLE) furnished a press release reporting second quarter 2026 results. Revenue was $70.9 million against $107.4 million, down 33.9%, with Asset Management Solutions down 51.3% to $37.1 million and Technical Operations up 8.7% to $33.8 million. There were no Flight Equipment sales in the quarter against $33.4 million in the prior year, which had generated $13.2 million of gross profit; gross margin fell to 22.9% from 32.9%. Why it matters: Feedstock purchases fell 79%, so the input to future used-serviceable-material sales was cut at the same time current sales were absent — this is a business whose quarterly result turns on whether an aircraft transaction closes inside the period. Liquidity of $34.0 million against $376.0 million of inventory means the balance sheet is illiquid by construction, and the promised second-half improvement rests on named transactions that have not closed.

  • SCHEDULE 13G27 July 20260002012383-26-002163opens on sec.gov in a new tab
  • 48 July 20260001104659-26-081781opens on sec.gov in a new tab
  • 1446 July 20260001959173-26-005119opens on sec.gov in a new tab
Show the other 10 filings

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

Cash in trust at IPOnot extracted from the prospectus

from 424B3 0001558370-21-016096

Trading & liquidity

Average daily volume (20d)no volume reported on the bars we hold
Average daily $ volumeneeds both volume and a live price
Range over the bars heldnot enough price history
Total cash in trustthe trust total is not in the last XBRL stamp

Company profile

Industry (SIC)Wholesale-Machinery, Equipment & Supplies (5080)
Registered inDelaware
Exchange · CIKNasdaq · 0001754170

All filings on EDGARopens on sec.gov in a new tab

Directors & officers

Institutional holders

from SC 13G/13D

Funds 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

13 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.

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 press

Reporting we have matched to this ticker. Headlines belong to the outlets that wrote them.

Show the headlines

Sources on file

harvested pages, kept in full

Every public page we have read about this company, stored in full so a source can never go missing.

Show the sources

32 full SEC filing texts archived — searchable, never lost.

In plain English

tap a term to open it

Every 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 filings
Data provenance & audit trail3 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.

MNCL — company record
UNIVERSE-IPO-INDEX2026-08-17

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 5080 (Wholesale-Machinery, Equipment & Supplies). The screen found it by filing SHAPE instead — S-1 2018-11-19 → 8-A12B 2019-02-06 → 424B4 2019-02-07 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 5080 + self-described blank check in 424B4 0001144204-19-005621; 424B 0001144204-19-005621 priced 2019-02-07 under S-1 0001144204-18-060839 (file 333-228470, an offering for cash); common ticker MNCL off 10-Q 0001104659-20-120867 (2020-11-03); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-228470, which belongs to S-1 0001144204-18-060839 (2018-11-19) — 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 2019-02-07). Ending PROVEN, not inferred: CLOSED per Form 25 0001354457-20-000826 (2020-12-22) — 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: Monocle Acquisition Corporation Units). EDGAR now files this CIK as "AerSale Corp" — 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.

Deal — AerSale Corp
UNTAGGED

[CLOSED-RENAME] EDGAR CIK 0001754170 records "Monocle Acquisition Corp" ending 2020-12-22; the registrant continues as "AerSale Corp". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2020-12-22. 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.

SEGMENT-FROM-FILING2026-08-06

OTHER -> DEFENSE_SPACE, on 8-K 0001104659-26-091978: "AerSale is a global provider of integrated aviation aftermarket services and solutions, serving operators of Boeing, Airbus, and legacy McDonnell Douglas aircra"

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