PRSR SEC filings, in plain English
Everything Prospector Capital Corp. has filed with the SEC that we hold — 40 filings, newest first, 1 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: Prospector Capital Corp. issued definitive merger materials for an extraordinary general meeting on December 13, 2023, on the business combination agreement dated June 12, 2023 as amended September 25, 2023 with LeddarTech Inc. and LeddarTech Holdings Inc. Prospector continues into Canada, amalgamates with Newco to form AmalCo, AmalCo acquires all LeddarTech common shares under a plan of arrangement, and the Company and AmalCo then amalgamate. The prospectus covers 24,406,752 common shares, 10,833,333 warrants and their underlying shares, and 4,400,106 shares underlying convertible notes. Why it matters: LeddarTech's shareholders receive AmalCo shares with an aggregate equity value of US$200 million at a negotiated US$10.00 per share, plus the aggregate exercise price of the company's in-the-money options and additional earnout shares. The filing says outright that this negotiated $10 per share value may not be taken as an indication of the potential market price of the Surviving Company shares after closing. A separate proposal increases Prospector's authorized share capital to create Prospector Sponsor Non-Voting Special Shares.
- What changed vs 2023-08-14sponsor loan $1.1M → $1.2M
sponsor loans outstanding, trust account, combination deadline +11 moved · 3 with no prior record of ours
- Sponsor loans outstanding
- $1.1M$1.2M
- Trust account
- $329.8M · unchanged
- Combination deadline
- 2023-12-31 · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as the sponsor has advanced $165,000 more.
The clause …“and our audit committee on May 16, 2022. As of September 30, 2023, there was $1,238,623 outstanding under the Convertible Promissory Note. For a description of the use of the proceeds generated in our Initial Public Offering, see Part”…
The clause …“the Trust Account in connection with redemption. At December 31, 2022, assets held in the Trust Account were comprised of $ 329,783,734 in money market funds which are invested primarily in U.S. Treasury securities. Through December 31,”…
The clause …“combination by November 30, 2023 — % 60 % Probability of completing a business combination by December 31, 2023 — % 30 % The following table presents the changes in the fair value of warrant liabilities and the bifurcated”…
The clause …“a Business Combination not occur, and potential subsequent dissolution, raise 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”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2023-05-15sponsor loan $649K → $1.1M
sponsor loans outstanding, trust account, combination deadline +11 moved · 3 with no prior record of ours
- Sponsor loans outstanding
- $649K$1.1M
- Trust account
- $329.8M · unchanged
- Combination deadline
- 2023-12-31 · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as the sponsor has advanced $425,000 more.
The clause …“and our audit committee on May 16, 2022. As of June 30, 2023, there was $1,073,623 outstanding under the Convertible Promissory Note. For a description of the use of the proceeds generated in our Initial Public Offering, see Part”…
The clause …“any interest income from the Trust Account. At December 31, 2022, assets held in the Trust Account were comprised of $ 329,783,734 in money market funds which are invested primarily in U.S. Treasury securities. Through December 31,”…
The clause “2023. There can be no assurance that the Company will be able to consummate any Business Combination by December 31, 2023. NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed”…
The clause …“a Business Combination not occur, and potential subsequent dissolution, raise 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”…
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.