PRPC SEC filings, in plain English

• SC 13G/A13 February 20240001076809-24-000016
• SC 13G/A12 February 20240001315863-24-000226
• SC 13G/A7 February 20240000902664-24-001136
• SC 13G/A25 January 20240001104659-24-006686
• 15-12G4 December 20230001104659-23-123224
• 422 November 20230001104659-23-120840
• 25-NSE21 November 20230000876661-23-000875
• 10-Q13 November 20230001410578-23-002408
  What changed vs 2023-08-21trust $48.5M → $49.5M +2%
  trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours

  Trust account

  $48.5M→$49.5M

  SpacBrain reads this as $954,335 was added to the trust between the two filings.

  The clause “02 ​ ​ 69,350 Total current assets ​ ​ 150,411 ​ ​ 468,473 Cash and investments held in Trust Account ​ ​ 49,483,722 ​ ​ 408,518,813 Total Assets ​ $ 49,634,133 ​ $ 408,987,286 ​ ​ ​ ​ ​ ​ ​ Liabilities, Commitments and Contingencies and”…

  Combination deadline

  2024-02-05 · unchanged

  The clause …“after the Extended Date, for a total of up to an additional nine months, to February 5, 2024, by resolution of our board of directors, if requested by the Sponsor (the “Extension”). The shareholders’ also approved to eliminate from”…

  Going-concern doubt

  stated · unchanged

  The clause …“and subsequent dissolution. In connection with the Company’s assessment of going concern considerations in accordance with FASB ASC Topic 205-40, “Basis of Presentation - Going Concern,” management has determined that the working”…

  Redeemable shares

  40.3M · unchanged

  The clause …“​ ​ ​ Class A ordinary shares, $ 0.0001 par value; 4,537,338 shares and 40,250,000 shares subject to possible redemption at $ 10.88 and $ 10.15 per share at September 30, 2023 and December 31, 2022, respectively ​ ​ 49,383,722 ​ ​”…

  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-K7 November 20230001104659-23-115160
• 10-Q21 August 20230001410578-23-002005
  What changed vs 2023-05-12trust $47.7M → $48.5M +2%
  trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours

  Trust account

  $47.7M→$48.5M

  SpacBrain reads this as $856,515 was added to the trust between the two filings.

  The clause “30 ​ ​ 69,350 Total current assets ​ ​ 145,854 ​ ​ 468,473 Cash and investments held in Trust Account ​ ​ 48,529,387 ​ ​ 408,518,813 Total Assets ​ $ 48,675,241 ​ $ 408,987,286 ​ ​ ​ ​ ​ ​ ​ Liabilities, Commitments and Contingencies and”…

  Combination deadline

  2024-02-05 · unchanged

  The clause …“after the Extended Date, for a total of up to an additional nine months, to February 5, 2024, by resolution of our board of directors, if requested by the Sponsor (the “Extension”). The shareholders’ also approved to eliminate from”…

  Going-concern doubt

  stated · unchanged

  The clause …“and subsequent dissolution. In connection with the Company’s assessment of going concern considerations in accordance with FASB ASC Topic 205-40, “Basis of Presentation - Going Concern,” management has determined that the working”…

  Redeemable shares

  40.3M · unchanged

  The clause …“​ ​ ​ Class A ordinary shares, $ 0.0001 par value; 4,537,338 shares and 40,250,000 shares subject to possible redemption at $ 10.67 and $ 10.15 per share at June 30, 2023 and December 31, 2022, respectively ​ ​ 48,429,387 ​ ​”…

  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.

• NT 10-Q14 August 20230001104659-23-091367
• 8-K4 August 20230001104659-23-087847
• 10-Q12 May 20230001104659-23-059785
  What changed vs 2022-11-09trust $405.0M → $47.7M -88%deadline 2023-02-05 → 2024-02-05
  trust account, combination deadline, going-concern doubt +12 moved · 2 with no prior record of ours

  Trust account

  $405.0M→$47.7M

  SpacBrain reads this as $357,365,184 left the trust between the two filings.

  The clause “33 ​ ​ 69,350 Total current assets ​ ​ 291,210 ​ ​ 468,473 Cash and investments held in Trust Account ​ ​ 47,672,872 ​ ​ 408,518,813 Total Assets ​ $ 47,964,082 ​ $ 408,987,286 ​ ​ ​ ​ ​ ​ ​ Liabilities, Commitments and Contingencies and”…

  Combination deadline

  2023-02-05→2024-02-05

  SpacBrain reads this as 365 days later than the previous record.

  The clause …“after the Extended Date, for a total of up to an additional nine months, to February 5, 2024, by resolution of our board of directors, if requested by the Sponsor (the “Extension”). The shareholders’ also approved to eliminate from”…

  Going-concern doubt

  stated · unchanged

  The clause …“and subsequent dissolution. In connection with the Company’s assessment of going concern considerations in accordance with FASB ASC Topic 205-40, “Basis of Presentation - Going Concern,” management has determined that the working”…

  Redeemable shares

  40.3M · unchanged

  The clause …“​ ​ ​ Class A ordinary shares, $ 0.0001 par value; 4,537,338 shares and 40,250,000 shares subject to possible redemption at $ 10.48 and $ 10.15 per share at March 31, 2023 and December 31, 2022, respectively ​ ​ 47,572,872 ​ ​”…

  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-K1 May 20230001104659-23-054414
• 10-K23 March 20230001104659-23-036138
  What changed vs 2022-03-31trust $402.6M → $408.5M +1%deadline 2023-02-05 → 2024-02-05
  trust account, combination deadline, going-concern doubt +12 moved · 2 with no prior record of ours

  Trust account

  $402.6M→$408.5M

  SpacBrain reads this as $5,910,656 was added to the trust between the two filings.

  The clause “9,350 ​ 875,001 Total current assets ​ 468,473 ​ 1,783,155 Cash and investments held in Trust Account ​ 408,518,813 ​ 402,608,157 Total Assets ​ $ 408,987,286 ​ $ 404,391,312 ​ ​ ​ ​ ​ ​ ​ Liabilities and Shareholders' Deficit: ​ ​”…

  Combination deadline

  2023-02-05→2024-02-05

  SpacBrain reads this as 365 days later than the previous record.

  The clause …“month each time after the Extended Date, for a total of up to nine months, to February 5, 2024, by resolution of the Company’s board of directors, if requested by the Sponsor (the “Extension”). The shareholders’ also approved to”…

  Going-concern doubt

  stated · unchanged

  The clause …“business opportunities or capital. Our management concluded that there is substantial doubt about our ability to continue as a “going concern.” As of December 31, 2022, we had approximately $399,123 in our operating bank account and”…

  Redeemable shares

  40.3M · unchanged

  The clause …“events. 45 Table of Contents Accordingly, as of December 31, 2022 and 2021, 40,250,000 Class A ordinary shares subject to possible redemption is presented at redemption value as temporary equity, outside of the shareholders’ equity”…

  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.

• SC 13G14 February 20230001076809-23-000140
• SC 13G/A14 February 20230001315863-23-000317
• 8-K6 February 20230001104659-23-011240
• 8-K31 January 20230001104659-23-008185
• DEFA14A31 January 20230001104659-23-008190
• DEFA14A20 January 20230001104659-23-005451
• DEF 14A17 January 20230001104659-23-004060

  What changed: CC Neuberger Principal Holdings III called an extraordinary general meeting for February 1, 2023 at 9:00 a.m. Eastern Time at Kirkland & Ellis LLP, to extend the Termination Date from February 5, 2023 to May 5, 2023, alongside a Redemption Limitation Amendment. Within five business days of the meeting the Lender, being the Sponsor or its designees, deposits $360,000 into the Trust Account under a non-interest-bearing unsecured promissory note. If no combination closes by May 5, 2023, the Board may extend up to nine further times by one month each at the Sponsor's request on five days' notice. Why it matters: Twelve months of total extension authority is being granted in one vote, and after this meeting nine of those months can be added by board resolution with no further shareholder vote and therefore no further redemption window. The $360,000 deposit is a loan the deal would repay rather than sponsor capital at risk. CCNB ultimately liquidated, so the redemption right exercisable at this meeting was the mechanism that returned trust cash to holders.

• PRE 14A3 January 20230001104659-23-000102
• 10-Q9 November 20220001104659-22-116507
  What changed vs 2022-08-11trust $403.2M → $405.0M +0%
  trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours

  Trust account

  $403.2M→$405.0M

  SpacBrain reads this as $1,877,431 was added to the trust between the two filings.

  The clause …“​ 875,001 Total current assets ​ ​ 744,046 ​ ​ 1,783,155 Cash and investments held in Trust Account ​ ​ 405,038,056 ​ ​ 402,608,157 Total Assets ​ $ 405,782,102 ​ $ 404,391,312 ​ ​ ​ ​ ​ ​ ​ Liabilities and Shareholders’ Deficit: ​ ​”…

  Combination deadline

  2023-02-05 · unchanged

  The clause …“However, there can be no assurance that we will be able to consummate any business combination by February 5, 2023. Management continues to evaluate the impact of the COVID-19 pandemic on the industry and has concluded that while it”…

  Going-concern doubt

  stated · unchanged

  The clause …“dissolution related to the Combination Period described above raises substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities”…

  Redeemable shares

  40.3M · unchanged

  The clause …“and Contingencies ​ ​ ​ Class A ordinary shares, $ 0.0001 par value; 40,250,000 shares subject to possible redemption at $ 10.06 and $ 10.00 per share at September 30, 2022 and December 31, 2021, respectively ​ ​ 404,938,056 ​”…

  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.

• 10-Q11 August 20220001104659-22-089338
  What changed vs 2022-05-13trust $402.7M → $403.2M +0%
  trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours

  Trust account

  $402.7M→$403.2M

  SpacBrain reads this as $435,559 was added to the trust between the two filings.

  The clause “16,851 ​ ​ 875,001 Total current assets ​ ​ 1,016,030 ​ ​ 1,783,155 Investments held in Trust Account ​ ​ 403,160,625 ​ ​ 402,608,157 Total Assets ​ $ 404,176,655 ​ $ 404,391,312 ​ ​ ​ ​ ​ ​ ​ Liabilities and Shareholders’ Deficit: ​ ​”…

  Combination deadline

  2023-02-05 · unchanged

  The clause …“However, there can be no assurance that we will be able to consummate any business combination by February 5, 2023. Management continues to evaluate the impact of the COVID-19 pandemic on the industry and has concluded that while it”…

  Going-concern doubt

  stated · unchanged

  The clause …“dissolution related to the Combination Period described above raises substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities”…

  Redeemable shares

  40.3M · unchanged

  The clause …“and Contingencies ​ ​ ​ Class A ordinary shares, $ 0.0001 par value; 40,250,000 shares subject to possible redemption at approximately $ 10.01 and $ 10.00 per share at June 30, 2022 and December 31, 2021, respectively ​ ​”…

  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.

• 10-Q13 May 20220001104659-22-059870
  What changed vs 2021-11-10trust $402.6M → $402.7M +0%going concern APPEARED
  trust account, going-concern doubt, combination deadline +12 moved · 2 with no prior record of ours

  Trust account

  $402.6M→$402.7M

  SpacBrain reads this as $157,796 was added to the trust between the two filings.

  The clause …“associated with the proposed public offering ​ — ​ — Cash and investments held in Trust Account ​ ​ 402,725,066 ​ ​ 402,608,157 Total Assets ​ $ 404,248,004 ​ $ 404,391,312 ​ ​ ​ ​ ​ ​ ​ Liabilities and Shareholders’ Deficit: ​ ​”…

  Going-concern doubt

  not stated→stated

  SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.

  The clause …“dissolution related to the Combination Period described above raises substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities”…

  Combination deadline

  not previously extracted→2023-02-05

  The clause …“However, there can be no assurance that we will be able to consummate any business combination by February 5, 2023. 23 Table of Contents Management continues to evaluate the impact of the COVID-19 pandemic on the industry and has”…

  Redeemable shares

  40.3M · unchanged

  The clause “Contingencies ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Class A ordinary shares, $ 0.0001 par value; 40,250,000 shares subject to possible redemption at $ 10.00 per share at March 31, 2022 and December 31, 2021, respectively ​ ​ 402,500,000 ​ ​ 402,500,000 ​”…

  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.

• 42 May 20220001104659-22-054917
• 32 May 20220001104659-22-054916
• 8-K2 May 20220001104659-22-054810
• 10-K31 March 20220001104659-22-041027
• SC 13G/A2 March 20220001104659-22-029153
• SC 13G14 February 20220001193125-22-039634
• SC 13G14 February 20220001104659-22-022058
• 8-K12 January 20220001104659-22-003612
• 10-Q/A22 December 20210001104659-21-152710
• 8-K3 December 20210001104659-21-146006
• 10-Q10 November 20210001104659-21-136555
  What changed vs 2021-08-16trust $402.5M → $402.6M +0%shares 35.4M → 40.3M +14%
  trust account, redeemable shares2 moved

  Trust account

  $402.5M→$402.6M

  SpacBrain reads this as $45,277 was added to the trust between the two filings.

  The clause …“​ — ​ 82,343 Derivative assets ​ ​ 545,000 ​ ​ — Cash and investments held in Trust Account ​ ​ 402,567,270 ​ ​ — Total Assets ​ $ 405,137,802 ​ $ 93,739 ​ ​ ​ ​ ​ ​ ​ Liabilities and Shareholders’ (Deficit) Equity: ​ ​ Current”…

  Redeemable shares

  35.4M→40.3M

  SpacBrain reads this as 4,854,219 more shares carry a redemption right.

  The clause …“Contingencies ​ ​ ​ ​ ​ ​ ​ ​ ​ Class A ordinary shares, $ 0.0001 par value; 40,250,000 and 0 shares subject to possible redemption at $ 10.00 per share at September 30, 2021 and December 31, 2020, respectively ​ ​ 402,500,000 ​ ​ — ​”…

  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.

• 10-Q16 August 20210001104659-21-106380
  What changed vs 2021-05-25trust $402.5M → $402.5M +0%shares 35.8M → 35.4M -1%
  trust account, redeemable shares2 moved

  Trust account

  $402.5M→$402.5M

  SpacBrain reads this as $1,465 was added to the trust between the two filings.

  The clause …“with the proposed public offering ​ — ​ 82,343 Cash and investments held in Trust Account ​ ​ 402,521,993 ​ ​ — Total Assets ​ $ 404,809,145 ​ $ 93,739 ​ ​ ​ ​ ​ ​ ​ Liabilities and Shareholders’ Equity: ​ ​ Current”…

  Redeemable shares

  35.8M→35.4M

  SpacBrain reads this as 402,395 shares are no longer redeemable.

  The clause …“Contingencies ​ ​ ​ ​ ​ ​ ​ ​ ​ Class A ordinary shares, $ 0.0001 par value; 35,395,781 and 0 shares subject to possible redemption at $ 10.00 per share at June 30, 2021 and December 31, 2020, respectively ​ ​ 353,957,810 ​ ​ — ​ ​ ​”…

  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.

• 424 June 20210001104659-21-085252
• 424 June 20210001104659-21-085253

The complete PRPC filing history on EDGAR