OACB SEC filings, in plain English
Everything Oaktree Acquisition Corp. II 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.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
- What changed vs 2021-11-15trust $250.0M → $250.1M +0%
trust account, going-concern doubt, redeemable shares1 moved · 2 with no prior record of ours
- Trust account
- $250.0M$250.1M
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 25.0M · unchanged
SpacBrain reads this as $52,387 was added to the trust between the two filings.
The clause …“expenses 126,250 100,000 Total current assets 632,169 687,171 Investments held in Trust Account 250,059,306 250,034,128 Total assets $ 250,691,475 $ 250,721,299 Liabilities, Class A Ordinary Shares Subject to Possible Redemption and”…
The clause …“expenses. 11 Table of Contents In connection with the Company’s assessment of going concern considerations in accordance with the FASB’s ASC Topic 205-40, “Basis of Presentation – Going Concern,” management has determined that the level”…
The clause …“future events. Accordingly, as of March 31, 2022 and December 31, 2021, 25,000,000 Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ deficit”…
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: Oaktree Acquisition Corp. II called an extraordinary general meeting at 10:00 a.m. Eastern to approve the business combination agreement dated December 7, 2021 with Alvotech. The meeting may be adjourned if redemptions leave OACB with less than $5,000,001 of net tangible assets, or if aggregate trust cash after redemptions plus PIPE financing proceeds plus proceeds in excess of $90,000,000 of debt financing advanced to Alvotech fall short of the closing condition. As of the March 22, 2022 record date, redemption would have amounted to approximately $10.00 per Class A ordinary share. Why it matters: The closing condition stacks three sources of cash, trust, PIPE and more than $90 million of debt financing to Alvotech, which means redemptions alone need not break the deal but a shortfall in any leg can. Holders redeem at about $10.00, essentially deposited value, and the proxy notes there is no assurance the parties would waive the condition if it fails. Those who stay take equity in a biosimilars developer that is arriving already leveraged by the debt financing counted toward its own closing test.
- What changed vs 2021-03-31trust $250.0M → $250.0M +0%going concern APPEAREDshares 23.7M → 25.0M +5%
trust account, going-concern doubt, mandate language +24 moved · 1 with no prior record of ours
- Trust account
- $250.0M$250.0M
- Going-concern doubt
- not statedstated
- Mandate language
- We will focus on recession-resilient business models; Will…We will focus on recession-resilient business models; • Will…
- Redeemable shares
- 23.7M25.0M
- Combination deadline
- not previously extracted2022-09-21
SpacBrain reads this as $27,209 was added to the trust between the two filings.
The clause …“expenses 100,000 249,389 Total current assets 687,171 1,527,103 Investments held in Trust Account 250,034,128 250,006,919 Total assets $ 250,721,299 $ 251,534,022 Liabilities, Class A Ordinary Shares Subject to Possible Redemption and”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern.” • The liquidity condition and date for mandatory liquidation and subsequent dissolution”…
SpacBrain reads this as 1,269,766 more shares carry a redemption right.
The clause …“of uncertain future events. Accordingly, at December 31, 2021 and 2020, 25,000,000 Class A ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders’ deficit section of the”…
The clause …“unable to raise additional funds to alleviate liquidity needs and complete a business combination by September 21, 2022 then the Company will cease all operations except for the purpose of liquidating. The liquidity condition and date”…
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.